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LNG gets political
From China blocking US LNG to Trump demanding that various countries import more of the fuel, the politicisation of LNG is on the rise
Bad omens for Chinese oil demand
Sino-US trade tensions could see crude consumption crumble despite recent buying behaviour
Power play signals change in Nigeria
With a new board appointed to lead NNPC and moves by President Tinubu to exert control in the Delta region, there is renewed hope the country will be able to turn the corner and rebuild production to former peaks
Letter from the US: Oil and gas producers face tax threat
Capping state corporate income tax deductions would reduce energy supplies and raise prices
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Trump’s energy policy paradox
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Taiwan’s energy dependencies laid bare
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Letter from the US: Houston has a problem with Trump’s energy policy
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Well-functioning democracies are required for healthier economies and a thriving oil industry
Election posters of the APC presidential candidate Bola Ahmed Tinubu
Nigeria Politics
Ben Payton
20 February 2023
Follow @PetroleumEcon
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Nigeria heads for crucial elections

The country’s next president faces an uphill battle to revive the struggling oil and gas sector

Recent years have not been kind to Nigeria’s oil industry. New investment has slowed to a trickle amid a seemingly never-ending struggle with pipeline vandalism and oil theft. International players have largely divested onshore assets, preferring the relative safety of offshore fields. Production fell below 1mn bl/d last August, its lowest level for over 30 years. President Muhammadu Buhari has been unable to halt the industry’s decline during his eight years in power, although he did secure the passage of major regulatory reforms in 2021. The 80-year-old Buhari is now preparing for retirement; Nigerians will go to the polls to elect his successor on 25 February. The leading candidates inclu

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