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Nairaland Forum / Nairaland / General / Business / Time Running Out For Nigeria’s LNG Projects (10626 Views)
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Re: Time Running Out For Nigeria’s LNG Projects by Nobody: 3:45pm On Jul 22, 2014 |
alotofgrace:I did, bro; but not only I, several others too and we have since taken stage 2 test which is SHL based. However, let me hasten to point out that sheer grace was what made the difference and we have only God to thank for our successes thus far. |
Re: Time Running Out For Nigeria’s LNG Projects by datguru: 3:45pm On Jul 22, 2014 |
Nice |
Re: Time Running Out For Nigeria’s LNG Projects by poiZon: 3:46pm On Jul 22, 2014 |
i fit swear no be amaechi talk this one. |
Re: Time Running Out For Nigeria’s LNG Projects by Phonon: 3:49pm On Jul 22, 2014 |
It is all good brother. I think the Nigerian market will fizzle out if the government doesn't do something fast. Already, the US has stopped importing oil from Nigeria. Asia is the new market for our LNG and oil. Western Canada (British Columbia), East Africa and the United States Gulf Coast are three of the geographic centers of the coming wave of LNG expansion and if Nigeria just sits there, we will be 'drinking' our gas. alotofgrace: 1 Like |
Re: Time Running Out For Nigeria’s LNG Projects by satowind(m): 3:51pm On Jul 22, 2014 |
Apc there is God oh |
Re: Time Running Out For Nigeria’s LNG Projects by alotofgrace(m): 3:52pm On Jul 22, 2014 |
Phonon: It is all good brother. I think the Nigerian market will fizzle out if the government doesn't do something fast. Already, the US has stopped importing oil from Nigeria. Asia is the new market for our LNG and oil. Western Canada (British Columbia), East Africa and the United States Gulf Coast are three of the geographic centers of the coming wave of LNG expansion and if Nigeria just sits there, we will be 'drinking' our gas. bro i wont lie to u.... as i dey so, my compass is point the canadian meridian come nxt yr |
Re: Time Running Out For Nigeria’s LNG Projects by jpphilips(m): 3:58pm On Jul 22, 2014 |
Stupid propaganda from miserable people, how did the PIB affect OKLNG? The minister Proposed a DSO for Gas, wetin concern OKLNG with Madueke's thoughtless DSO? |
Re: Time Running Out For Nigeria’s LNG Projects by jpphilips(m): 4:05pm On Jul 22, 2014 |
emk4lif: Brass LNG should come on stream by 2017 while Chevron's Escravos Gas To Liquid and Bonny LNG are all also doing quite well, Olokola LNG is however a dead project, both the govt and the IOCs have basically pulled out. you political maggots should just shut the fvck up! what has "PIB" got to do with your inability to expand your local capacity in gas production? The PIB actually hinders it truth be told, once the Govt fails in the industry, the maggots will shout "PIB" meanwhile nobody knows jack what the silly document is talking about. |
Re: Time Running Out For Nigeria’s LNG Projects by vanstanzy(m): 4:06pm On Jul 22, 2014 |
Nigeria reeks of mismanagement in all quaters. I have already said it that this PIBill wont be signed by this govt thats so engrossed in 2015 politicking. This is going to be a huge lose to Nigeria, but who care? Long live 2015 elections! |
Re: Time Running Out For Nigeria’s LNG Projects by jpphilips(m): 4:15pm On Jul 22, 2014 |
vanstanzy: Nigeria reeks of mismanagement in all quaters. I have already said it that this PIBill wont be signed by this govt thats so engrossed in 2015 politicking. This is going to be a huge lose to Nigeria, but who care? If you understood that PIB ie if you ever read it, you wont wish it to be signed, Madueke deserves a jail term for the PIB if jo has sense |
Re: Time Running Out For Nigeria’s LNG Projects by Phonon: 4:20pm On Jul 22, 2014 |
Best of luck man. alotofgrace: |
Re: Time Running Out For Nigeria’s LNG Projects by sylve11: 4:23pm On Jul 22, 2014 |
emk4lif: Brass LNG should come on stream by 2017 while Chevron's Escravos Gas To Liquid and Bonny LNG are all also doing quite well, Olokola LNG is however a dead project, both the govt and the IOCs have basically pulled out. U r on point. |
Re: Time Running Out For Nigeria’s LNG Projects by ablyguy(m): 4:26pm On Jul 22, 2014 |
I'll push the bill but in order for me to do that, I need your votes here www.nairaland.com/1823312/votes-needed |
Re: Time Running Out For Nigeria’s LNG Projects by davide470(m): 4:32pm On Jul 22, 2014 |
Phonon: It is all good brother. I think the Nigerian market will fizzle out if the government doesn't do something fast. Already, the US has stopped importing oil from Nigeria. Asia is the new market for our LNG and oil. Western Canada (British Columbia), East Africa and the United States Gulf Coast are three of the geographic centers of the coming wave of LNG expansion and if Nigeria just sits there, we will be 'drinking' our gas.Nice view, but you need to understand the polity of the matter. The City of Hiroshima consume in equivalent variance; cubic metres of gas in dynamic proportion from Train 1 - Train 4.. There's always market for it, hence the attitude portrayed by the government. Interests are at stake if there's no market, so all efforts are being put in place for there to be a market till 2097. |
Re: Time Running Out For Nigeria’s LNG Projects by Nobody: 4:37pm On Jul 22, 2014 |
BusinessDayNg2: As the delay in reaching the [size=18pt]final investment decision (FID) for the triad of Olokola Liquefied Natural Gas (OKLNG), Brass LNG and Train 7 projects[/size] continues, Nigeria risks losing a big chunk of the high-demand Asian LNG markets as competition from other exporters grows. Nigeri's biggest problem is that we play politics in everything including FID. We, as a nation shouldn't be where we are today if the right people, are in the right positions, to make the right decisions. For instance, i've been hearing of brass LNG since 2006 but 8yrs later, we are still talking of FID!!! BusinessDayNg2: [size=18pt]The inability to secure long-term market commitment[/size] and delay in the passage of the Petroleum Industry Bill (PIB) continue to constitute a major setback to the projects, BusinessDay has learnt. @bolded, that is a big slap on the face of the "so called" economic gurus and industry negotiators. As fas as I'm concerned, the PIB has nothing to do with the delay in the project. If we don't have capable hands on deck to secure long-term market commitment from buyers in Asia and across the globe, then we should hire foreigners and sack the lazy people sitting on those big seats that don't know their jobs. For Christ sake, it took Dangote and Indorama less than 4 years between conceptualizing a profitable downstream project (Fertilizer and refinery plants) to FID and even up to construction stage. Dangote and Indorama are not being run by spirits or deities rather, by intelligent people that are held accountable for their productivity. Let productive people occupy those positions and we will see results. #bringbackproductivehands 1 Like |
Re: Time Running Out For Nigeria’s LNG Projects by Strongedition: 4:55pm On Jul 22, 2014 |
[ddquote author=musb92yahooco]End time[/quote] Really? |
Re: Time Running Out For Nigeria’s LNG Projects by Phonon: 5:04pm On Jul 22, 2014 |
I really don't understand a word of what you wrote. I guess I don't understand the polity of the matter. davide470: Nice view, but you need to understand the polity of the matter. The City of Hiroshima consume in equivalent variance; cubic metres of gas in dynamic proportion from Train 1 - Train 4.. There's always market for it, hence the attitude portrayed by the government. Interests are at stake if there's no market, so all efforts are being put in place for there to be a market till 2097. |
Re: Time Running Out For Nigeria’s LNG Projects by gistmelove(m): 5:24pm On Jul 22, 2014 |
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Re: Time Running Out For Nigeria’s LNG Projects by kokosheen(m): 5:27pm On Jul 22, 2014 |
emk4lif: Brass LNG should come on stream by 2017 while Chevron's Escravos Gas To Liquid and Bonny LNG are all also doing quite well, Olokola LNG is however a dead project, both the govt and the IOCs have basically pulled out. Brass FID most likely won't come till 2017, not to now talk of construction. Conoco-Phillips has also pulled out of the project and with their pullout, the technology the FEED was based on needs to be revised as its the proprietary Phillips Cascade process. To get another technology partner on board and carry out the FEED and cost estimation again would take a serious NNPC 2 years. The project is looking more dead than alive. Chevron's GTL is different from LNG and shouldn't be mentioned here - also, FID was gotten way before this present government (ChevronTexaco Awards Major Contract for Nigerian Gas-To-Liquids Project - http://phx.corporate-ir.net/phoenix.zhtml?c=130102&p=irol-newsArticle&ID=693582). OKLNG is as good as dead with the present govt. NLNG Train 7 FID should have be awarded long before now, as the cost of the project compared to Brass would be about 1/5th but giving times 2 the monetary value. This is a project that would pay itself back in less than 3 years after start-up. Seriously, politics is a b-i-t-*-h. 1 Like |
Re: Time Running Out For Nigeria’s LNG Projects by jpphilips(m): 5:30pm On Jul 22, 2014 |
Phonon: It is all good brother. I think the Nigerian market will fizzle out if the government doesn't do something fast. Already, the US has stopped importing oil from Nigeria. Asia is the new market for our LNG and oil. Western Canada (British Columbia), East Africa and the United States Gulf Coast are three of the geographic centers of the coming wave of LNG expansion and if Nigeria just sits there, we will be 'drinking' our gas. It wont exactly play out that way, I don't really have the time to explain it to you now, prolly later |
Re: Time Running Out For Nigeria’s LNG Projects by Phonon: 5:34pm On Jul 22, 2014 |
Yes sir. jpphilips: |
Re: Time Running Out For Nigeria’s LNG Projects by Nobody: 5:49pm On Jul 22, 2014 |
alotofgrace:You will be shocked at the number of people that passed the WAEC test and wrote the SHL test and you will still be surprised at the crowd that will be invited for Assessment center. Not all Nigerian graduates are blank. We still have some really brilliant guys. |
Re: Time Running Out For Nigeria’s LNG Projects by youngice(m): 5:51pm On Jul 22, 2014 |
emk4lif: Brass LNG should come on stream by 2017 while Chevron's Escravos Gas To Liquid and Bonny LNG are all also doing quite well, Olokola LNG is however a dead project, both the govt and the IOCs have basically pulled out.your signature, is it Batman returns |
Re: Time Running Out For Nigeria’s LNG Projects by Nobody: 5:54pm On Jul 22, 2014 |
emk4lif: Brass LNG should come on stream by 2017 while Chevron's Escravos Gas To Liquid and Bonny LNG are all also doing quite well, Olokola LNG is however a dead project, both the govt and the IOCs have basically pulled out.If passing the PIB is a problem and is causing delay they can as well break it down into segments and pass those that are feasible at the moment because as it stands Nigeria is loosing billions of dollars due to this delay. 1 Like |
Re: Time Running Out For Nigeria’s LNG Projects by jpphilips(m): 5:55pm On Jul 22, 2014 |
wisemany2k: God bless you jare!! the rate politicians use PIB to make excuses will tell you how much juice they have there in? they cant wait to see it passed hook or crook, and knowing Nigerians who hardly read, they want to make it look like our biggest problem lies there in. This Govt is scared some of them may not be returned come 2015, hence the need to pass the bill. Let us ask ourselves honestly, since when has the Nigerian Govt. put up exigency in any issue of national importance? Ebola is just less than a thousand miles away yet we have no federal response plan in place, ( sorry , I forgot doctors are on strike), If bombs doesn't kill a thousand, no contingencies will be put in place, but we must pass the PIB quickly as the devil stopping our progress, Nigerian leaders are insincere thieves!! 3 Likes |
Re: Time Running Out For Nigeria’s LNG Projects by jpphilips(m): 6:00pm On Jul 22, 2014 |
Orhu: Another Gullible Nigerian, which part of the PIB will rake in billions for Nigeria? with the Madueke's DSO for gas? I want to hear it? loosing billions indeed!! |
Re: Time Running Out For Nigeria’s LNG Projects by duerap: 6:03pm On Jul 22, 2014 |
Alexk2: My heart skiped @ the mention of OKLNG. these are huge employment generating You have the facts...The so called Federal Govt is just a huge beast fighting against the territorial enclave called Nigeria. Time and time again, reasonable citizens have advocated for resource control by federating states but those who donot understand the true meaning of Fiscal Federalism prefer to die with ethnic and political sentiments. Things will continue to be the way they are if not worse, until all nigerians begin to reason and see that true federalism is the way out of this jungle. 2 Likes |
Re: Time Running Out For Nigeria’s LNG Projects by Nobody: 6:25pm On Jul 22, 2014 |
youngice: your signature, is it Batman returnsNope, its a quote from Game Of Thrones made by Lord Baelish |
Re: Time Running Out For Nigeria’s LNG Projects by MacKuro: 6:34pm On Jul 22, 2014 |
The politics of natural resource management in Nigeria.... What a sorry state that we find ourselves. |
Re: Time Running Out For Nigeria’s LNG Projects by Lewinskee: 6:48pm On Jul 22, 2014 |
alotofgrace:I only have one question for you. Why did you single out Engineers in your attack? I am very sure the test wasn't written only by Engineers. It's obvious you have something against them. |
Re: Time Running Out For Nigeria’s LNG Projects by Nobody: 6:52pm On Jul 22, 2014 |
This is why I hate that country's planners and leaders. They just seat there, fold their hands and let opportunity pass by. PTUI! 1 Like |
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