NLNG Business Model Should Be Replicated In Power, Others – DMD

By SoundBite News Admin on February 26, 2018

Share on facebook Yahoo mail icon Gmail icon

Views: 1,595


NLNG Ship

The Deputy Managing Director of Nigeria LNG Limited (NLNG), Sadeeq Mai-Bornu, while speaking at the Nigeria International Petroleum Summit said the NLNG business model needs to be replicated in order to generate opportunities for the power and gas sectors in the country, Independent reports.

He said; “We signed a 20-year contract for the supply of molecules and we can actually go to the bank and get the funding we need. When NLNG was set up, it had guarantees and incentives that safeguarded investments and returns. There was also the sanctity of contracts. That is what has helped NLNG. This model needs to be developed in the upstream and downstream.”

“Let’s bring this closer home. The LPG market is a deregulated space. NLNG supplies about 50% of the LPG in the country. We see opportunities to do more. People think LPG is just for cooking. The more important use of LPG is as an industrial fuel.”

“LPG has already been used for power in the developed world and even in Nigeria. There are vehicles that run on LPG. I think if we have the incentives and guarantees, and also the sanctity of contract, NLNG success story can be replicated in other sectors.”

 

Posted on March, 30 2018

Share on facebook Yahoo mail icon Gmail icon


You may also like...
Group hails President’s Independence Day pledge to equip...

Kebbi Gov 2019: Who is Afraid of DCG...

‘On performance, Gov. Abubakar’s second term is Justifiable'...
Just In COVID-19: Some international passengers presenting fake results – PTF Edo/Ondo Polls: Electoral offenders to face visa ban, asset forfeiture—UK Buhari unveils 60th anniversary logo, presides over 15th virtual FEC meeting. Buhari swears in 12 new Permanent Secretaries (FULL LIST) Buhari appoints CEO of NAN, other agencies Africa approaches 50,000 COVID-19 cases, 2,000 deaths – WHO Coronavirus: FG to inject N2trillion in Nigerian economy CSOs kick against Infectious Disease Bill, demand review, public hearing Buhari Mourns Murdered UNIPORT Students Abuja Eases Lockdown, Asks Workers Living Outside FCT To Keep Off

 

Most Read How Alison-Madueke Allegedly Paid Ex-Minister Akinjide, Others N650 Million – Witness (5,902 views) ‘More to unfold after Lawal Daura’s sack’, hints top Buhari aide, as new DSS boss moves to re-position agency (5,688 views) Kebbi Gov 2019: Who is Afraid of DCG Ibrahim Mohammed Mera? (3,198 views) How Chief of Defence Staff, General AG Olonisakin Has Actualized President Muhammadu Buhari’s vision of a Combat-Ready Armed Forces of Nigeria (3,134 views) Malami, Justice and Order under President Muhammadu Buhari (2,392 views) Sympathizers shocked as ex- IG of Police, Gambo Jimeta, bursts into laughter over his rumoured death (2,243 views) Uproar as Dikko, Minimah, Amosun top FG's updated 'looters' list (1,992 views) Looters’ list: FG after me for refusing to join APC – Former Niger Gov, Aliyu (1,893 views) FG Inaugurates Board Chairmen, Members February 27 (1,879 views) Igbos spend unnecessary money on burials - Peter Obi (1,822 views)

 

SECTIONS Crime (4) Discovery (1) Economy (1) Editorial (2) Foreign Files (3) Governance (15) Nation (29) Oil and Gas (1) Opinion (4) People and Power (2) Politics (14) Security (16) Sports (2)

 

Advertisement