Okechukwu Nnodim, Abuja

The Nigerian National Petroleum Corporation on Thursday said the hardship in the aviation sector was not due to the scarcity of Jet-A1, but was partly because of the inability of the airlines to pay for the product.

The Group Managing Director, NNPC, Dr. Maikanti Baru, stated that the alleged scarcity of Aviation Turbine Kerosene was not responsible for the hardship being experienced in the aviation sector.

Baru, who spoke in Abuja, clarified that the corporation had taken steps to ensure adequate supply of the product with the importation of over 45 million litres.

He said the challenge had more to do with the inability of the airlines to pay for the product upon the introduction of a cash-and-carry policy by marketers as a result of the huge amounts being owed by the carriers.

Aviation fuel scarcity has been a challenge in the sector, as airlines often complain of the non-availability of the product.

A statement by the corporation quoted the GMD as also expressing the NNPC’s commitment to carry on with its twin gas projects of Brass LNG and Olokola LNG.

He said the two projects were high priority gas ventures, which promised to boost the Federal Government’s revenue.

Baru said monetisation of natural gas was a cardinal mandate of the corporation.

He said, “We are still committed, as the NNPC, to monetising our natural gas. We have the Nigerian Liquefied Natural Gas, which is at the moment monetising about four billion standard cubic feet of gas on a daily basis. We also have plans for the Olokola LNG as well as the Brass LNG.

“We have a little challenge with market windows for these projects, which we are reviewing on a monthly basis. Once the appropriate market window opens up, we will quickly get more shareholders to join us for the projects.”

Baru stated that a meeting of Brass LNG stakeholders had been scheduled for early next year to look for the way forward for the project.

The GMD added that apart from the LNG projects, the corporation was also working on gas monetisation through aggressive enhancement of domestic gas supply for power generation and industrial use.

punchng.com/nnpc-says-airlines-cant-pay-aviation-fuel/

lalasticlala

R E C E S S I O N.



B U H A R I.




Synonyms

Somebody can not play with you again...?

What? They better fill up before taking off oh! No black market up there.

OK. Let them say...

huh? dats dumb

Who go con pay!!!!!

Confused set of people like their president

SHAMELESS MINISTER OF PETROLEUM....


SHAMELESS 95%.

SHAMELESS APC.

SHAMELESS BUHARI.

Janetessy:
Hm

are you the owner of that ass?

They are stingy not that they can't pay. Get your facts right

say?

Lemme stop here....







Can u c me

Buhari should give bailout to airlines

jericco1:


are you the owner of that ass?

E DON DE HARMER THEM UP AND DOWN
I TINK SAY NA ONLY ME WEY DIS RESESION DE WORRY BUT HMM NO BE ONLY ME OH

JUST NEGODU!!

What's going right in this country?











ABSOLUTE NOTHING

Sick of these lies,

Flew KLM to New York last week and they had to stop in Ghana first to get Aviation Fuel. It was a terribly shameful feeling. More annoying was the fact that Arik had same day delayed our flight to Lagos for the same scarcity of Aviation fuel.

Now my question is this: if it's a price thing as this article claims, why are most foreign airlines branching Ghana to fuel before taking off. Is aviation fuel cheaper in Ghana that my KLM flight would rather pay another set of landing and take off fees in Ghana just to buy fuel at a cheaper price? Baba na?? The lies in this administration are just becoming unbearable.

Let's be truthful abet. The Aviation fuel scarcity bis a result of gross incompetence

nkan mbe o... WELCOME TO NIGERIA

princeonx:
What? They better fill up before taking off oh! No black market up there.

Hahahahaha.. angels do sell the last time I checked..

Doesnt make sense:if there is no scarcity and its just an issue of money,why did d NNPC av to import 45m litres.
Sometimes wen some officials talk,u just wonder the actual worth of their education.

Maybe Airliners prefer buyin black market when they are "MID AIR"...

Abeg make them no manage gas to fly oooo, if they no get money to buy gas dey should stay down jeje.
We don't want any 'chapecoense' in this already filled with problem country.

clAp for Buhari spokeman

Janetessy:

its nice

naija