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Top related persons:
Xi Jinping - 1 Edgar Su - 1 Kashim Shettima's - 1 Shettima - 1 Xi - 1 Felix Onuah - 1 Chijioke Ohuocha - 1 Jamie Freed - 1
Top related locs:
Beijing Rights ABUJA Nigeria Africa's Lagos China Bonny Island Niger
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Initiative - 1 of - 1 People - 1 REUTERS - 1 Rights - 1 Nigeria's National Agency for Science - 1 Engineering Infrastructure - 1 China Harbour Engineering Company - 1

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3 mentions found


☆ China's Xi Jinping commits to more investments in Nigeria
  + stars: | 2023-10-19 | by ( Felix Onuah | ) www.reuters.com   time to read: +2 min
It added that another $4 billion worth of letters of intent was received for new projects and investments in different sectors of the economy. Nigeria also signed contracts with China Harbour Engineering Company for the construction of the Lekki Blue Seaport in Lagos. Shettima met Xi, who asked for the protection of Chinese workers in Nigeria, according to the vice president's office. China had committed to rail projects in Nigeria in the past and to a seaport in Bonny Island in the Niger Delta. China had earlier agreed to provide 85% of the financing for the rail projects.
Persons: Xi Jinping, Edgar Su, Kashim Shettima's, Shettima, Xi, Felix Onuah, Chijioke Ohuocha, Jamie Freed Organizations: Initiative, of, People, REUTERS, Rights, Nigeria's National Agency for Science, Engineering Infrastructure, China Harbour Engineering Company, China Exim Bank, Thomson Locations: Beijing, Rights ABUJA, Nigeria, Africa's, Lagos, China, Bonny Island, Niger, Nigeria's
☆ TotalEnergies, Shell post bumper profits, LNG business diverges
  + stars: | 2022-10-27 | by ( Ron Bousso Shadia Nasralla | Ron Bousso | Shadia Nasralla | ) www.reuters.com   time to read: +3 min
LNG prices have soared this year as Moscow progressively cut piped natural gas supplies to Europe, which heavily depended on Russian imports. Western sanctions on Russia, which is among the world's leading oil and gas producers, in response to its invasion of Ukraine in February, helped to drive European gas prices to an all-time high in August. The world's biggest LNG trader Shell missed some of the benefit of the price rise after a fall in production following strikes at Australia's Prelude site. Gearing at Shell, which is on track for a record year of profits, increased slightly to 20.3%. Spain's Repsol (REP.MC) on Thursday reported a doubling of its profit to 1.48 billion euros ($1.49 billion).
☆ Portugal says could face shortage if Nigeria does not deliver all LNG due
  + stars: | 2022-09-19 | by ( Sergio Goncalves | ) www.reuters.com   time to read: +2 min
LISBON, Sept 19 (Reuters) - Portugal could face supply problems this winter if Nigeria does not deliver all the liquefied natural gas (LNG) it is due to, the European Union country's environment and energy minister said on Monday. Register now for FREE unlimited access to Reuters.com RegisterCordeiro did not say what would prevent Nigeria supplying the LNG it was contracted to. Oil and gas output in Nigeria has been throttled by theft and vandalism of pipelines, leaving gas producer Nigeria LNG Ltd's terminal at Bonny Island operating at 60% capacity. Nigeria LNG, which is owned by state-oil company NNPC Ltd, Shell (SHEL.L), TotalEnergies (TTEF.PA) and Eni (ENI.MI), did not immediately respond to a request for comment. read morePortugal last year imported 2.8 billion cubic meters of LNG from Nigeria, or 49.5% of total imports, while the United States was the second-largest supplier with a share of 33.3%.
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