Nigeria to increase LNG exports ... maybe

THISDAY ONLINE:

"The award of the engineering and procurement contract to a privately owned US company (Bechtel) last week, the report said, indicates that the Brass LNG project would definitely go ahead despite the challenges."

Before you call your broker, keep in mind that ongoing attacks on petroleum facilities and kidnappings of personnel in Bayelsa state, site of the proposed project, have already pushed off a decision on financing construction from last fall to perhaps next winter.

It isn't just in the Middle East where violence and political instability contribute to problems with meeting the world's growing demand for petroleum.