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Nigeria LNG’s force majeure threatens Europe amid energy crisis

Posted On: Oct. 20, 2022 9:52 AM CST

Supply chain risk

Declaration of a force majeure by liquified natural gas supplier Nigeria LNG Ltd. amid heavy floods in Nigeria have raised serious LNG supply concerns for European countries that are already facing energy crisis amid Russian gas supply cuts, Reuters reported. Nigeria LNG’s force majeure threatens nearly 4% of global LNG supply.