alotofgrace:


really? when first class and 2.1 graduates of engineering failed the [size=58pt]WAEC[/size] nlng trainee test, i wonder who passed?

alotofgrace:

was it that guy dat left 10mins into the exam or the lady that was shading some 2 boxes per question? common men. anyways who don cross don cross.

back to the matter, what could be the issue with LNG? they recently awarded cash in billions to Universities... this shouldnt be happening now because the Asian markets had earlier shown interest in the north american supply

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.

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 only NASS would pass the PIB and reverse the trend of major IOCs increasingly divesting from Nigeria. Virtually all the major projects are on hold due to policy instability .

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?
Long live 2015 elections!

alotofgrace:

bro i wont lie to u.... as i dey so, my compass is point the canadian meridian come nxt yr

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 only NASS would pass the PIB and reverse the trend of major IOCs increasingly divesting from Nigeria. Virtually all the major projects are on hold due to policy instability .

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.

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.
http://businessdayonline.com/2014/07/time-running-out-for-nigerias-lng-projects/#.U85vDWbTXMI

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.

http://businessdayonline.com/2014/07/time-running-out-for-nigerias-lng-projects/#.U85vDWbTXMI

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.

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 only NASS would pass the PIB and reverse the trend of major IOCs increasingly divesting from Nigeria. Virtually all the major projects are on hold due to policy instability .

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.

jpphilips:

It wont exactly play out that way, I don't really have the time to explain it to you now, prolly later

alotofgrace:


really? when first class and 2.1 graduates of engineering failed the [size=58pt]WAEC[/size] nlng trainee test, i wonder who passed?

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 only NASS would pass the PIB and reverse the trend of major IOCs increasingly divesting from Nigeria. Virtually all the major projects are on hold due to policy instability .

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 only NASS would pass the PIB and reverse the trend of major IOCs increasingly divesting from Nigeria. Virtually all the major projects are on hold due to policy instability .

wisemany2k:

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!!!



@bolded, that is a big slap on the face of the "so called" economic gurus and industry negotiators. As fas as I'm concerned, [b]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. [/b]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

Orhu:
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.

Alexk2: My heart skiped @ the mention of OKLNG. these are huge employment generating
firms that can turn the economy of the country around in few years.
I did my 6mths SIWES there in 2009 and i'm very much aware of how
irresponsible our govt can be by not showing commitment in the best of
ideas.
OKLNG is jointly owned by SHELL(19.50%), CHEVRON(19.50%), BG(14.25%) and
NNPC(40%) but BG pulled out coz of poor commitment from the FG and
there share was shared btw NNPC and Chevron(22.74%)....unfortunately,
Shell and Cheron pulled out in 2012 and 2013 respectively for same
reason and rendering many jobless in the process. I'm aware Dangote and
other locals biz mogul are coming in to save OKLNG...pray itz true.

Same
collabo. with brass and others.

Nigeria need serious prayer from bad leadership coz our suffering isnt
because of what we dont have but greed and selfishness.

youngice: your signature, is it Batman returns

alotofgrace:


really? when first class and 2.1 graduates of engineering failed the [size=58pt]WAEC[/size] nlng trainee test, i wonder who passed?