Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Nigeria LNG awaits VP’s directives on downstream investment

    Nigeria LNG awaits VP’s directives on downstream investment

    August 28, 2016
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Liquefied Petroleum Gas plant.
    *Liquefied Petroleum Gas plant.

    Kunle Kalejaye

    28 August 2016, Sweetcrude, Lagos — Nigeria Liquefied Natural Gas, NLNG, says it is awaiting directives from the office of the Vice President to commence investment in the downstream sector of Nigeria’s petroleum industry.

    NLNG’s General Manager, External Relations, Kudo Eresia-Eke who made this disclosure to our correspondent in Lagos said the company’s investment initiative can only be realised with support from the office of the Vice President.

    He explained that there is an initiative coming through the office of the Vice President which hopefully will address the current bottlenecks in the downstream, particularly Liquefied Petroleum Gas, LPG also known as cooking gas.

    “….we would like the lead to be taken through the Vice President’s office. Obviously, he has the influence to bring everybody to the table while we continue to support it.

    “We are optimistic that he is going to roll out a plan and that plan will serve the interest of a number of stakeholders within that area,” Mr. Eresia-Eke said.

    The LPG sub-sector of Nigeria’s petroleum industry currently has infrastructure challenges forcing off-takers to increase the price of the product at will.

    Eresia-Eke said it is expected that the new initiative coming through the office of the vice president will articulate the interest of all players in the LPG sub-sector while the NLNG will support the process.

    Related News

    Nigeria rallies economic team to counter US 14% tariff threat

    Nigeria targets 12Bcf gas output, eyes top 10 global ranking by 2030

    Nigeria launches trade intelligence tool, air cargo corridor to boost AfCFTA exports

    E-book
    Resilience Exhibition

    Latest News

    OPEC+ drives crude oil prices up again

    May 28, 2025

    OPEC+ adopts plan for 2027 baselines ahead of July output hike talks

    May 28, 2025

    Gold prices rise amid fiscal and geopolitical risks

    May 28, 2025

    Verdagy’s hydrogen to power Mainspring Energy’s linear generators

    May 28, 2025

    Nigeria rallies economic team to counter US 14% tariff threat

    May 28, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.