
Nov. 28 (Bloomberg) — Nigeria LNG Ltd. declared force majeure on cargo deliveries after Shell Petroleum Development Co. shut the Soku gas plant in the southern delta to repair damage caused by thieves.
Shells Soku facility contributes 40 percent of Nigeria LNGs feedstock, Siene Allwell-Brown, a spokeswoman for the liquefied natural gas company, said yesterday in a statement. The thieves had been stealing gas condensate from pipelines.
Nigeria is a major gas supplier in the world, so any disruptions must be fairly serious Antony Goldman, an independent analyst focusing on Nigeria, said by telephone from London. Work to tap the ample reserves is hampered by unrest in the delta region, which holds almost all the countrys hydrocarbon resources, he said.
Oil and gas producers in Nigeria have in recent years faced militant attacks and thefts from criminal gangs who tap into pipelines to steal crude or refined petroleum products for sale. Assaults by armed groups have cut more than 20 percent of the countrys oil exports since 2006.
When attacks and thefts disrupt output, companies have been forced to declare force majeure, a legal clause that allows them to renege on contractual obligations because of circumstances beyond their control.
Social Crisis
Increasingly, as far as the oil industry in Nigeria is concerned, it is a multilayered social crisis, Goldman said.
The Soku plant is part of a joint venture operated by Shell Petroleum Development,Royal Dutch Shell Plcs Nigerian unit, in which state-owned Nigerian National Petroleum Corp. holds a 55 percent stake. Shell has 30 percent, followed by Total SA with 10 percent and Eni SpA with 5 percent.
The partners are also part-owners of Nigeria LNG, which runs the multibillion-dollar Bonny LNG plant and has long-term contracts with buyers in Italy, Spain, Turkey, Portugal and France.
The plant can produce 22 million metric tons of LNG and four million tons of liquefied petroleum gas a year, using 3.5 billion cubic feet of gas a day at full output, according to the companys Web site. In addition to its long-term supply contracts, Nigeria LNG also sells on the spot market.
Nigerias gas resources, estimated at 187 trillion cubic feet, are the seventh largest in the world.
Nigerian National Petroleum owns 49 percent of Nigeria LNG, Shell has a 25.6 percent stake, Total holds 15 percent and Eni 10.4 percent. Apart from Shell, Total and Eni also supply gas from their Nigerian operations to the Bonny gas plant.
To contact the reporter on this story: Dulue Mbachu in Lagos at[email protected]
Last Updated: November 28, 2008 06:35 EST
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Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.














IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS:


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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.

























































