Nigeria LNG, operator of the giant Bonny export plant, said it has appointed Tony Attah as new managing director and CEO. Attah will take over from Babs Omotowa, who has been at the helm of the LNG operator since December 2011.
We are halfway through 2016 and Africa looks set for despair and gloom. Faltering oil prices have brought misery to many African countries that have grown dependent on the oil income and yet, there is a strong silver lining as the easy clippings from oil and gas gave all African nations the wrong sort of incentives for years.
Oando Gas & Power Limited (“OGP”), the foremost indigenous developer and provider of gas and power solutions, and a fully-owned entity of Oando PLC, has commenced development of a mini Liquefied Natural Gas (LNG) facility through its Transit Gas Nigeria Limited (“TGNL”) subsidiary in Ajaokuta, Kogi State.
Until about one year ago, every time I went to Sub-Saharan Africa, I entered a bustling world, awash with cash from black goo. Oil made the new fortunes of many of those countries and gave them a fillip like never before.
Africans are slowly (very slowly) waking up to the fact that it might be better and more profitable to keep their home-produced LNG close to themselves and develop their own continental economies instead of exporting every last drop. Let’s see the issue with the eyes of those affected.
The Nigeria LNG, under its University Support Programme (USP), has committed over N1.5billion to support six universities in Nigeria to build and equip world-class science and engineering laboratories.
It is difficult not to be stunned by what happens in energy nowadays. Prices were stratospheric for many years and suddenly have dropped to less than half just to regain a little over the last weeks and months.