*Decries missed opportunities across Nigeria’s gas value chain
The Nigerian Liquefied Natural Gas Limited (NLNG) has recorded 37.5 per cent year-to-date gas delivery gap, translating to about 1.3 billion cubic feet of gas (bcf) deficit, with negative implications on both the company’s export and domestic gas delivery obligations as well as revenues.
The Deputy Managing Director of NLNG, Mr. Olalekan Ogunleye, disclosed this during a panel session at the just-concluded Practical Nigerian Content Forum (PNC) in Uyo, Akwa Ibom State, where he also lamented that Nigeria missed a lot of opportunities across the upstream, midstream and downstream gas value chains.
Ogunleye said at the moment, the NLNG was only able to deliver 62.5 per cent of the 3.5bcf gas requirement in its six-trained 22 million tons per annum (mtpa) processing plant in Bonny Island, Rivers State.
THISDAY had exclusively reported in August that the NLNG had suffered $7 billion year-to-date…
Source: Thisday Newspaper