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Qatar’s LNG plant shutdown skyrockets gas price in Europe

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Prices of gas in European gas has surged more than 50% as a result of shutdown of production at Qatar’s liquified natural gas plant facility which was targeted for drone attacks by Iran as part of the ongoing war with US and Israel.

QatarEnergy’s Ras Laffan plant covers about a fifth of global LNG supply and the unprecedented halt now threatens energy security worldwide.

European benchmark gas futures jumped the most since the energy crisis in 2022, after QatarEnergy confirmed Monday that output had been suspended. Tankers had already largely stopped transiting the Strait of Hormuz, a critical artery for global fuel shipments.

“The threat to security of supply is here and now,” said Simone Tagliapietra, an analyst at Bruegel. “The extent of it will depend on the duration of the shutdown, but we are now into a new scenario.”

European Gas Surges to Highest in a Year
While Asian countries buy most of the LNG shipped from the Middle East, a disruption will increase competition for alternative supplies — pushing up prices worldwide, including in Europe.

 

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Breaking: Court of Appeal rules in favour of Turaki -led PDP candidate for Osun governorship election

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The Court of Appeal, Abuja Division, on Thursday, ruled that the Peoples Democratic Party, PDP Gubernatorial Candidate in Osun State was validly nominated by the Tanimu Turaki-led National Working Committee.

The court also ordered INEC to list the PDP logo on the ballot ahead of Saturday’s gubernatorial election.

The Court held that access code is neither a creation of the Constitution nor the Electoral Act; rather, a creation of INEC’s guidelines and cannot, in any way, override the provisions of the Constitution.

Section 288 of the Constitution does not specify the method for nominating candidates; it only states that the names of candidates should be forwarded to the Commission.

The court further held that the defendant (INEC) should take steps to include the name of the appellant on the ballot paper.

Additionally, the court ruled that the primary election conducted by the Tanimu Turaki-led National Working Committee (NWC) of the PDP was a valid primary election in law.

The three-man panel of justices—Justice Mahmud, Justice Jaro, and Justice Ankawere, was unanimous in its judgment.

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Breaking: NHRC sets up situation room to monitor and document hate speech, intimidation, threat to life ahead 2027

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The national Human Rights Commission, NHRC, has set up a situation room to monitor and document all incidences of hate speech, intimidation and threat to life by politicians and other actors ahead of the 2027 general election.

The National Human Rights Commission (NHRC) has expressed concerns over rising incidences of hate speech, intimidation and outright threat to life by highly placed individuals, especially politicians and religious leaders.

The Executive Secretary of the Commission, Chef Tony Ojukwu, SAN, revealed this on Thursday in Abuja at a press conference.

He said the situation room would enable the Commission harvest data, analysis and document persons, agencies and others involved in the negative statements in order to ensure they are properly tracked and brought to book by relevant agencies.

Ojukwu also took journalists on a tour of the newly set up situation room.

 

Details later…..

 

 

 

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Breaking: NHRC expresses concern over rising incidences of hate speech, threat to life ahead 2027 elections

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The National Human Rights Commission (NHRC) has expressed concerns over rising incidences of hate speech, intimidation and outright threat to life by highly placed individuals, especially politicians and religious leaders.

At a press conference in Abuja Thursday, the Executive Secretary of the Commission, Chef Tony Ojukwu, SAN, recalled statements credited to Senator Francis Fadahunsi and Sheikh Yahya Jingir and described the das dangerous with capacity to set the nation ablaze.

He called on politicians, religious and traditional rulers, among other stakeholders to call their supporters and faithful to orders.

He urged government to act before rhetorics turn to violence, saying the forthcoming election in Osun State should serve as example of Nigeria’s capacity to conduct political contest in compliance with international best practices.

Details later…..

 

 

 

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