Nigeria lagging behind in gas business

Mr Tony Attah, the Managing Director/Chief Executive Officer of Nigeria Liquefied Natural Gas (NLNG) and the Vice President, Bonny Gas Transport, reportedly stated, according to Sunnewsonline.com during an interview that,

“Nigeria was just 24 months behind Qatar when the Nigeria LNG started in 1999. But today, Qatar is on 77 million metric tonnes per annum production capacity, while Nigeria LNG is on 22 million metric tonnes per annum. That for us is a major reason for Nigeria LNG to wake to the reality that Train 7 is no longer ambitious; not for Nigeria LNG; not for Nigeria.”

While bemoaning the slow pace of NLNG development.

NLNG is an incorporated Joint-Venture owned by four shareholders, namely, the Federal Government of Nigeria, represented by Nigerian National Petroleum Corporation (49 per cent), Shell Gas B.V. (25.6 per cent), Total Gaz Electricite Holdings France (15 per cent), and Eni International N.A. N.V. S.àr.l (10.4 per cent).

It is rated the fourth company in Nigeria and contributed over 12 per cent of government revenue in taxes and dividend in 2014 and 2015.

Source / More : Sunnewsonline.com

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