Nigeria’s LNG Sales Slump Amid Security And Investment Challenges

Nigeria’s revenues from LNG exports declined in the first quarter of 2023 to the lowest in five quarters, due to security challenges and declining associated natural gas production at oilfields, Nigerian media reported on Monday, quoting government data and industry experts.   Between January and March this year, Nigeria’s earnings from liquefied natural gas exports slumped by 18% compared to the third quarter of 2022 and stood at $1.3 billion (622 billion Nigerian naira), per data from the National Bureau of Statistics (NBS) cited…