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Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsCooking Gas Prices May Rise As NLNG Supply Plunges By 80% (6926 Views)

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Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by Islie(op): 9:36am On Mar 06, 2025
Further surge in cooking gas prices is looming due to a significant decline in supplies from the Nigeria Liquefied Natural Gas (NLNG).

The operational crisis at NLNG Limited continues to deepen as the outage at its Bonny Island facility drags on, with gas supplies plummeting by a staggering 80 per cent.

The NLNG, a major supplier of Liquefied Petroleum Gas (LPG), has seen its supply drop by 80 per cent, exacerbating existing shortages and driving up costs for consumers.

People familiar with the matter told Bloomberg on Tuesday that natural gas supplies to NLNG Ltd. have fallen 80 per cent to one-fifth of the massive plant’s needs.

This prolonged disruption, triggered by persistent pipeline vandalism, raises serious concerns about Nigeria’s ability to meet its export commitments and potential impact on its economy.

Data compiled by Bloomberg showed declining output from Nigeria’s only LNG facility could trigger higher spot prices as global supply to Asia and Europe tightens.

Europe, which relies on NLNG for a substantial portion of its gas imports, is particularly vulnerable to supply disruption.

“In 2024, almost half of Nigeria’s LNG exports went to Asia, with another third going to Europe and the remaining to the Americas and Middle East,” Bloomberg data showed.

Managing director of NLNG Limited Philip Mshelbila, emphasised that the company has struggled to meet global demand for liquefied natural gas because of the damage caused by illegal pipeline connections.

“At the current moment, I am only running two trains out of six,” Mshelbila lamented at a panel session during this year’s Nigeria International Energy Summit.

The NLNG boss also called for a reevaluation of energy security, highlighting that while progress has been made in securing oil infrastructure, the situation for gas is becoming precarious.

“Energy security has to be seen as important as national security. However, gas security has deteriorated, and until we can safeguard these pipelines, we will continue to underperform,” he said.

The NLNG, a key player in the global liquefied natural gas (LNG) market, has been grappling with the fallout of repeated attacks on critical gas pipelines supplying its facility.

These attacks, often attributed to militant groups and criminal syndicates operating in the Niger Delta region, have severely hampered the company’s operations, forcing it to shut down a significant portion of its production capacity.

This comes at a time when global energy markets are already facing volatility due to geopolitical tensions and supply chain disruptions, further exacerbating an already tight global gas market.


The economic implications for Nigeria are also substantial. NLNG is a major revenue generator for the country, contributing billions of dollars annually to the national treasury.

The prolonged outage translates to significant losses in export earnings, impacting government revenue and foreign exchange reserves at a time when the nation can ill afford it.

Nigeria’s LNG exports declined by 40 per cent in February from the previous month, data compiled by Bloomberg show.

Experts have warned that the persistent attacks on NLNG’s gas supply pipelines could jeopardise its projected dividends of N727 billion to the Nigerian government by 2025, a 113 percent growth from N346 billion last year.

Available data showed that the federal government has received about $21.56 billion of the $44 billion dividends disbursed by NLNG in the last 25 years.
https://leadership.ng/cooking-gas-prices-may-rise-as-nlng-supply-plunges-by-80/#google_vignette

Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by Paraman:
Islie:
https://leadership.ng/cooking-gas-prices-may-rise-as-nlng-supply-plunges-by-80/#google_vignette

Nlfpmod
Dangote refinery is also producing gas, importers can't increase price anyhow.
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by iwaeda:
It will favour me and my family. When we told them Tinubu has no plan to do anything to alleviate people's suffering, but increased it, they said we are Mazi Emeka.. grin grin grin grin
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by helinues: 9:48am On Mar 06, 2025
We are still in March.
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by CodeTemplar: 10:02am On Mar 06, 2025
Mafia and petrol cabal must keep 'chopping' now or how will they take care of their family? Besides Putin has to squeeze the world into queuing behind Donald Trump to asslick him.
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by CodeTemplar: 10:04am On Mar 06, 2025
SwitShuga:
It is finished.
I bought some food items yesterday to cook and cook at least for one day. While I wanted to start cooking, I lit the gas cylinder and noticed there was no gas in it. Till now, I haven't being able to do anything cos I am without a dime after using all to get food items
Firewood/charcoal/old newspapers are your friends. Electric heater too. Tak heart.
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by Oakenshield: 10:07am On Mar 06, 2025
We get gas and they keep selling to Nigerians at the same rate of dollar. Bunch of idiets
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by SwitShuga(m): 10:10am On Mar 06, 2025
CodeTemplar:
Firewood/charcoal/old newspapers are your friends. Electric heater too. Tak heart.
Firewood is even more expensive than gas if u don't know.
I don't have coalpot to use charcoal.

I don't have light for electric heater too. We've not had light for four days now
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by MASTAkiLLAh(m): 10:25am On Mar 06, 2025
When you clowns are ready, you'll tell us the truth about what's actually going on. Gas pipeline vandalism my left foot cool
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by keymatt(m): 10:40am On Mar 06, 2025
iwaeda:
It will favour me and my family. When we told them Tinubu has no plan to do anything to alleviate people's suffering, but increased it, they said we are Mazi Emeka.. grin grin grin grin
It will favor me and my family urchiins have gone into extinction thanks to tifnubu's operation shege. grin grin grin
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by DatNiggaDaz: 10:42am On Mar 06, 2025
grin grin grin

Pure incompetence. The guru economist on the beat

Such a long time haven't heard "on your mandate we shall stand"

grin grin grin
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by keymatt(m): 10:46am On Mar 06, 2025
Oakenshield:
We get gas and they keep selling to Nigerians at the same rate of dollar. Bunch of idiets
I tell you. It's like a house with plenty of food stuffs where the children have to pay in dollars to eat their own father's food. That's the reality of Nigeria under armed robbers led APC regime,
If PDP were in power to this time, I bet you gas price will be around N100 per kg. Data sef would almost be free by now.
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by Skillsnigeria: 11:14am On Mar 06, 2025
Hmmm
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by Kharol1234: 11:15am On Mar 06, 2025
Paraman:
Dangote refinery is also producing gas
Meaning?
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by diverseconcepts: 11:15am On Mar 06, 2025
not again angry
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by Paraman:
Kharol1234:
Meaning?
Kharol1234 Dangote is producing gas, the importers cant increase price scandalously. They will get burnt badly if they try to do so. Before Dangote started producing diesel, diesel was sold for 1800/litre, the week he started producing, the price crashed below 1200/litre. Price of gas can't shoot up because Dangote will run the importers out of business.
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by JikSneh: 11:17am On Mar 06, 2025
Good.


Check my signature to understand what happened to them
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by tonomono: 11:17am On Mar 06, 2025
Tonomono: The Khalnayak – A Villain Like No Other
Villains come in many forms—some are driven by greed, others by revenge, and some simply enjoy chaos. But few can match the sheer complexity and charisma of Tonomono, the Khalnayak (villain) whose name alone commands respect and fear. Tonomono is not just an antagonist; he is a force of nature, a master manipulator, and a symbol of power that refuses to be ignored.

In this article, we will delve deep into Tonomono’s origins, his rise to infamy, his methods, and why he remains one of the most fascinating villains of all time.

Origins of Tonomono: The Birth of a Khalnayak
Every villain has a beginning, and Tonomono is no exception. His early life is shrouded in mystery, with different accounts painting different pictures. Some say he was born into wealth but lost everything due to betrayal, fueling his thirst for revenge. Others claim he was always a mastermind, manipulating events from the shadows even as a child.

What remains consistent in all versions of his story is his intelligence. Tonomono was never just a brute-force villain. He was always a thinker, a planner, someone who saw the world not for what it was, but for what he could make it. This vision, combined with his ruthlessness, made him a force to be reckoned with.

The Rise of Tonomono: A Master of Deception
Tonomono didn’t rise to power overnight. His journey was paved with deception, calculated moves, and well-placed alliances. Unlike traditional villains who rely solely on strength, Tonomono knew the value of patience. He played the long game, letting others believe they were in control while secretly pulling the strings.

He infiltrated political circles, business empires, and criminal organizations, always staying one step ahead. His enemies often underestimated him, mistaking his patience for weakness. But when the time was right, Tonomono struck with precision, dismantling his opponents before they even realized what was happening.

One of the most famous stories about his rise involves the "Great Betrayal", where he orchestrated the downfall of an entire crime syndicate by turning its leaders against each other. By the time the dust settled, Tonomono was the last one standing, having eliminated his rivals without ever raising a weapon himself.

The Mind of a Khalnayak: What Drives Tonomono?
Tonomono is not a villain driven by simple motives like wealth or revenge. His mind operates on an entirely different level. He views the world as a chessboard, where every piece has a purpose, and he alone controls the game.

Some believe he seeks absolute power, while others argue that he is simply testing the limits of human manipulation. Whatever his true goal may be, one thing is certain—he enjoys the game. Every move, every decision, every betrayal is a carefully calculated step toward a larger plan that only he understands.

Unlike villains who act on impulse, Tonomono rarely makes mistakes. His patience allows him to wait for the perfect moment, making his actions all the more devastating. He doesn’t just defeat his enemies; he destroys them completely, leaving no chance for retaliation.

Tonomono’s Methods: Fear, Manipulation, and Strategy
What makes Tonomono truly terrifying is his ability to manipulate people. He doesn’t need to raise his voice or make direct threats; his mere presence is enough to unsettle even the strongest individuals. He knows exactly how to exploit weaknesses, whether through psychological warfare, blackmail, or carefully planted lies.

1. Fear as a Weapon
Tonomono understands that fear is more powerful than violence. He doesn’t just kill his enemies—he makes an example out of them. Stories of his past actions spread like wildfire, ensuring that his reputation does half the work before he even arrives. People fear him not just for what he has done, but for what he might do.

2. Psychological Manipulation
Unlike villains who rely on brute strength, Tonomono excels at breaking people from within. He can turn friends into enemies, make the most loyal followers question their beliefs, and convince even the most righteous individuals to commit unforgivable acts. He plays with emotions, twisting truth and lies until reality itself becomes uncertain.

3. Strategic Brilliance
Tonomono never acts without a plan. His strategies often involve multiple layers, ensuring that even if one plan fails, another is already in motion. He prepares for every possible outcome, making it nearly impossible to outmaneuver him. His enemies may think they have won, only to realize they have walked straight into his trap.

The Legacy of Tonomono: A Villain Who Cannot Be Defeated
What makes Tonomono truly legendary is the fact that he cannot be truly defeated. Even when it seems like he has lost, his influence lingers. He has created a network so vast that even in his absence, his presence is felt.

Many have tried to bring him down, but each attempt only strengthens his myth. He thrives in the shadows, ensuring that his story continues long after his enemies are gone. Unlike other villains who meet their end, Tonomono’s story never truly ends—it evolves.

Is Tonomono a Villain or a Misunderstood Genius?
While most see Tonomono as a pure villain, some argue that he is merely a product of the world he was born into. If he had been given different circumstances, could he have been a hero?

There are moments in his story that suggest he operates by his own code—one that doesn’t necessarily align with good or evil. He eliminates corruption, but only when it benefits him. He punishes betrayal, but sometimes with a twisted sense of justice. His actions are not entirely black or white, making him a fascinating and morally ambiguous figure.

Conclusion: The Enduring Mystery of Tonomono
Tonomono is more than just a Khalnayak—he is an enigma, a legend, and a mastermind unlike any other. His ability to control situations, manipulate minds, and remain undefeated makes him one of the most iconic villains of all time.

But the true genius of Tonomono lies in the fact that we never fully understand him. His motives remain elusive, his plans unpredictable, and his influence unshakable. As long as there are stories of power, deception, and control, the legend of Tonomono will continue to grow.

He is not just a villain. He is the Khalnayak.
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by Patrickker(m): 11:17am On Mar 06, 2025
It will favour me and my family.
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by tiswell(m): 11:18am On Mar 06, 2025
Which way Nigeria sad




Hyenas and jackals have actually hijacked naija
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by Gbadugbakun(m): 11:18am On Mar 06, 2025
You can't use electricity to cook because your units would depreciate like a leaking bucket, you can't use gas because it's very expensive.

Tinubu wetin we do you? Why can't you just steal and leave us be. Must you make life difficult for us, are you a demon ni? angry
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by dgitrader(m): 11:18am On Mar 06, 2025
SwitShuga:
It is finished.
I bought some food items yesterday to cook and cook at least for one day. While I wanted to start cooking, I lit the gas cylinder and noticed there was no gas in it. Till now, I haven't being able to do anything cos I am without a dime after using all to get food items
energy saving stove will be of great help if you buy one. 800 coal can last your a week if single. its smokeless and dosnt stain your pots. google it
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by Cleanmouth: 11:19am On Mar 06, 2025
Meanwhile in many communities in Delta State the oil companies are wasting Natural gas by flaring it into the atmosphere
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by jocelynor: 11:20am On Mar 06, 2025
Where reno
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by Willie2015: 11:20am On Mar 06, 2025
SwitShuga:
It is finished.
I bought some food items yesterday to cook and cook at least for one day. While I wanted to start cooking, I lit the gas cylinder and noticed there was no gas in it. Till now, I haven't being able to do anything cos I am without a dime after using all to get food items
Charcoal
Firewood
are good alternatives
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by israelmao(m): 11:22am On Mar 06, 2025
Everything is rising like garri Ijebu but salary remains the same except minimum wage.
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by ALISMILE(m): 11:22am On Mar 06, 2025
Paraman:
Dangote refinery is also producing gas, importers can't increase price anyhow.
Are you sure Dangote is also producing gas
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by richie0(m): 11:22am On Mar 06, 2025
Make tinubu just kuku kill us all for this country
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by SwitShuga(m): 11:23am On Mar 06, 2025
Willie2015:
Charcoal
Firewood
are good alternatives
Are they free?
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by theophorus(m): 11:23am On Mar 06, 2025
Well, this is Nigeria and we know how we use to do some abracadabra once we want to change some things.

Well, there was an era of "Abacha stove" when Wood shaving was used for cooking.

Well, I suspect the Price of LNG wan go 500/Kg so dem want make people rush buy the one wen dey ground. cheesy
Re: Cooking Gas Prices May Rise As NLNG Supply Plunges By 80% by AllBlack: 11:23am On Mar 06, 2025
Let it rise to 10,000 per KG

Nigerians will still line up to buy it without any complain or strike.
1 2 3 Reply

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