The Managing Director, Nigeria Liquefied Natural Gas (NLNG), Mr Tony Attah has argued that Nigeria has chances of becoming the world’s number one nation in oil and gas if deliberate actions are taken to actualise the ambition.
The MD, represented by Mrs Eyono Fatayi-Williams, General Manager, External Relations, NLNG, stated this on Tuesday, at the ongoing Nigeria Oil and Gas Conference in Abuja. He said Nigeria with its current gas reserves of 206 trillion cubic feet (tcf) and possible 600 tcf was capable of being the world’s major oil and gas economy once it gets its plan right. The NLNG boss further noted that the development of the country’s gas sector would eventually determine its future and its infrastructure. “The flexibilities, the management space, disruption in the business environment means that our response to this reality is what will determine our future. Attah said that 12,000 direct jobs, 40,000 indirect jobs and 10 billion dollars Foreign Direct Investment (FDI), were some of the benefits that would follow the “Train 7” gas project upon completion. He also said that domestic gas supply of LPG would be boosted by 35 per cent from the 350,000 metric tonnes to over 470,000 metric tonnes.
