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Tags: Nigeria

USD 12 bln Trans-Saharan Gas Pipeline Project to miss deadline

USD 12 bln Trans-Saharan Gas Pipeline Project to miss deadline

All the companies that showed interest became pessimistic on security along the pipeline route and the increasing costs. In 2003, SONATRACH and NNPC signed an M.O.U. to carry out a feasibility study from Nigeria to Europe, passing through Niger and Algeria. The venture was registered under NEPAD program and called Trans-Saharan Gas Pipeline Project. It… READ MORE

How Nigeria Can Increase Gas Sector Prospects

How Nigeria Can Increase Gas Sector Prospects

The Deputy Managing Director of Nigeria LNG Limited (NLNG), Sadeeq Mai-Bornu, yesterday said the NLNG business model needs to be replicated in order to generate opportunities for the power and gas sectors in the country. He spoke at an executive roundtable discussion titled “Africa as an Emerging Gas Producer: Prospects and Opportunities” at the first… READ MORE

Buhari sits on own committee report, as Nigerians suffer in fuel queues nationwide

Buhari sits on own committee report, as Nigerians suffer in fuel queues nationwide

As  the current nationwide fuel supply crisis enters its 13th week, President Muhammadu Buhari appears to be sitting on the report of a committee he constituted to proffer lasting solutions. Despite efforts by the Nigerian National Petroleum Corporation (NNPC) to ensure resolution of the crisis, the scarcity of petroleum products at filling stations across the… READ MORE

If Nigeria can attract Total’s $16bn investment it shows we are moving in the right direction – Senate

If Nigeria can attract Total’s $16bn investment it shows we are moving in the right direction – Senate

Lagos – Mr Solomon Adeola, the Chairman Senate Ad hoc Committee on Local Content, has commended the management of Total Upstream Nigeria Limited (TUPNI) on its 16 billion dollars (N5.76 trillion) Egina project in Nigeria. Adeola, who gave the commendation during the committee’s oversight function in Lagos on Friday, promised total support for the local… READ MORE

Oil, Gas Investment: Local, foreign investors consider opportunities in Nigeria

Oil, Gas Investment: Local, foreign investors consider opportunities in Nigeria

Local, foreign investors consider opportunities New petroleum policy excites investors Lull in oil market, budget cut, militancy constitute new threats Stakeholders to propose alternative funding, other measures as NIPS opens in Abuja With over 36 billion barrels and 192 trillion standard cubic feet of oil and gas respectively, Nigeria stands tall as a leading petroleum… READ MORE

Bill to encourage purchase of gas-powered vehicles scales second reading

Bill to encourage purchase of gas-powered vehicles scales second reading

A bill for an act to amend the National Automotive Council Act, 2004, on Thursday, scaled the second reading at the house of representatives. The bill seeks to introduce a new alternative vehicular transportation to utilise Nigerian gas. It also seeks to tap into the nation’s gas master plan which to end Nigeria’s “wasteful” gas… READ MORE