Brent is trading treacherously above $61.48pb. The need for alternative export revenues to mitigate oil price volatility is now imperative for Nigeria. This is why LNG revenue could be a near substitute to oil. Nigeria currently earns in excess of $7bn from LNG, and is the world’s 4th largest exporter of the product.
The attached slides look at developments in the commodities market with a dive into the LNG product.
Enjoy your read!