With the shale gas boom in the United States and huge discoveries in Australia and East Africa amid the sustained low global oil price, Nigeria’s LNG projects including the Train 7 face increasing competition from other projects in reaching final investment decision.
A new report released by LNG Industry on Wednesday said even as non-LNG exporting nations led by Mozambique and Tanzania sought to develop and monetise their recent discoveries, key Nigerian projects had not advanced in the last couple of years due to reservations over the country’s long-awaited Petroleum Industry Bill.
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