Shell Petroleum
Development Company (SPDC), says it could not meet it
contractual agreement with the importers of its Bonny Light Crude grade from
Nigeria and the gas supply to the Nigeria Liquified Natural Gas (NLNG).
The TNP has been
repeatedly targeted and closed down five times since early July due to multiple
leaks from crude theft connections.
“SPDC is working
to repair and reopen the line as soon as possible,” the statement read.
It would be
recalled that Shell at the weekend again shut down the 150,000 barrels per day
Trans Niger Pipeline (TNP), barely a week after it reopened the facility.
This development
underscored the huge challenges faced by Nigeria, Africa’s largest oil
exporter.
Leaks from crude
oil theft on the Trans Niger Pipeline in Nigeria have continued, causing a
further shut-in of Bonny Light grade oil, Shell said.
It had announced
on Monday that the 150,000 bpd pipeline re-opened, prompting speculation that a
force majeure may be lifted.
An estimated
100,000 barrels per day, bpd, of oil was stolen from pipelines in the Niger
Delta in the first quarter of this year, the report by London-based Chatham
House said, not including the unknown quantities stolen from export terminals.
Shell’s statement
said that the latest shut-in had occurred on Wednesday 18 Sept “following
reports of a leaking crude theft point at Bodo West in Ogoniland.”
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