Gas price hike looms in Nigeria

On Tuesday, explosions and sightings of smoke erupted at Shell’s Gbaran facility.
The fire in Shell’s Gbaran facility in Bayelsa may raise the price of Liquefied Natural Gas in Nigeria.
The facility is the most critical in Nigeria’s LNG gas feedstock project and processes almost 2 billion standard cubic feet of gas daily.
This comes against the backdrop of the surge in the country’s price of Liquefied Petroleum gas.
Despite the incident, Shell assured that the incident would not necessitate an immediate operational shutdown of the facility.