“Hungary depends on oil importation to serve its energy needs as the country is non-oil producing. We want to diversify our sources of crude oil and LNG import and we are considering purchasing these products from Nigeria,” Ambassador Ternak stated.
Browsing: Liquefied Natural Gas
“Also note that the Nigerian Extractive Industry Transparency Initiative (NEITI), in its 2014 Nigerian oil and gas report, disclosed that in 2008, the Federal government, in its fiscal regime for the petroleum sector, set a penalty of $3.5 per 1000 SCF of gas flared by oil companies, observing, however that the companies have refused to comply with the directive.”
He noted that, “When LNG started operating, it paid a dividend to the NNPC but the corporation was claiming that it was supposed to be the owner of the shares in LNG and not the Federal Government. When the LNG pays the money to the NNPC, it used some of it to run its operations.”
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29 January 2015, Lagos – Powergas Africa Limited is set to change the fortunes of manufacturing firms throughout sub-Saharan Africa. Headed…
29 December 2015, Lagos – Nigeria earned N412.983 billion from the export of Liquefied Natural Gas, LNG, Liquefied Petroleum Gas, LPG,…
