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Power: Domestic Obligation Stalls FID On Gas Export

Focus on meeting domestic gas obligations is one of the reasons the Federal Government is unable to fast track the taking of final investment decisions, FID, on major gas export projects.

For years, government has dilly dallied with the FIDs on Train 7 of the Nigeria liquefied natural gas, NLNG; Brass and Olokola LNG projects as well as the Trans Sahara Gas Pipelines.

Investment decisions on these projects have been bugged down by a number of reasons including gas stock for the plants, equity disputes, gas pricing and a host of other factors, leading to some of the partners of some of the projects withdrawing from them at one point or another.

The Group Managing Director, Nigerian National Petroleum Corporation, NNPC, Mr. Andrew Yakubu, told journalists on the sidelines of the annual Nigeria Oil and Gas, NOG International Conference and Exhibitions, on Monday in Abuja that government was more concerned about meeting electricity generation targets.

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BWN
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