NLNG BOSS SEEKS ADOPTION OF QATARI GAS EXPANSION MODEL

The Managing Director of the Nigeria Liquefied Natural Gas (NLNG) Limited, Mr. Babs Omotowa, has called for the deployment of an accelerated development model in producing and utilising Nigeria’s vast gas deposit.

In his presentation at the 2015 edition of the Nigeria Oil and Gas (NOG) conference and exhibition in Abuja, Omotowa advocated for an adoption of the business model used by Qatar in developing and utilising its gas resources, saying the Qatari model could help Nigeria to drive improved investments in the sector.

 

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GAS EXPORTING COUNTRIES BEMOAN VOLATILITY OF ENERGY MARKET

Gas exporting countries in the world, under the aegis of the Gas Exporting Countries Forum (GECF) has decried the current volatility of the energy market, blaming the crisis on economic and geopolitical developments around the world.

Speaking at a special session of the 16th Ministerial Meeting of the organisation held recently at Doha, Qatar, the Minister of Energy and Industry of Qatar, Dr. Mohammed Bin Saleh Al-Sada charged the member countries to be on the alert and keep monitoring the expected challenges of the gas market.

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NIGERIA’S SHARE OF CHINA’S LNG IMPORTS UNDER PRESSURE

Nigeria’s share of Chinese Liquefied Natural Gas market is being threatened by new supplies from Australia, potential imports from the United States and the recent gas deal between China and Russia.

China, the world’s biggest energy consumer, traditionally imports its LNG cargoes from Qatar, Australia, Malaysia and Indonesia.

Read more @ The Punch