Page 9 - AfrOil Week 43 2022

AfrOil POLICY AfrOil

Glencore’s head office in Baar, Switzerland (Photo: Glencore)
As argued by the SFO, individuals or entities the bribes paid and any loss suffered.”
not involved in the case do not have the right In June, Glencore Energy admitted to pay-
to address the court, even if, like the Nigerian ing over $28mn in bribes to secure preferential
government, “they consider themselves to be the access to oil between 2011 and 2016 in Nigeria,
victims of crime.” Cameroon, Ivory Coast, Equatorial Guinea and
Furthermore, SFO representative Alexandra South Sudan. In November, the commodities
Healy asserted that there was “no link between trader is expected to receive a significant fine. ™

PROJECTS & COMPANIES
NLNG says it has not fully idled production

facilities after declaring force majeure

NIGERIA THE Nigeria LNG (NLNG) consortium said
on October 21 that it had not completely halted
operations following last week’s decision to
declare force majeure.
NLNG had issued a declaration of force
majeure on October 17 in response to the wide-
spread flooding that hit 33 of Nigeria’s 36 states,
explaining that heavy rainfall had already caused
production stoppages at many of the fields that
provide its feedstock.
This move led some of the group’s custom-
ers – including Portugal’s Galp, which imports
much of its LNG from Nigeria – to prepare for
the possibility of supply disruptions.
It also led some media outlets to speculate NLNG said the floods had not affected its assets on Bonny Island (Photo: KBR)
that the consortium had shut down all oper-
ations at its gas liquefaction plant on Bonny of its upstream gas suppliers. 2. None of NLNG’s
Island. NLNG said on October 21, though, assets on Bonny Island or in any of its host com-
that while it had halted loading and export of munities are impacted by the flood. The force
LNG cargoes, the LNG plant itself was still in majeure is as a consequence of a similar notice
operation. by upstream gas suppliers due to the impact of
“To correct some misinformation on the dec- flood in their production facilities. 3. NLNG is
laration, we would like to clarify: 1. The com- working with all critical stakeholders on miti-
pany’s plant is in operation, though at a limited gating the impact on product deliveries,” it said
capacity due to reduced gas supply from some in a statement posted on social media sites.

Week 43 27•October•2022 www. NEWSBASE .com P9