• About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, August 4, 2025
Bislad News
  • Login
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports
No Result
View All Result
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports
No Result
View All Result
Bislad News
No Result
View All Result

NNPC Ltd Moves To Revive Brass, OK LNG Projects

by Bisi Bamishe
September 20, 2024
in News
Again, NNPC Ltd Cautions Against Panic Buying
Share this:

By Bisi Bamishe

In its continued bid to maximise the nation’s abundant gas resources for economic development and prosperity, NNPC Ltd has begun discussions with investors towards bringing back two Liquefied Natural Gas (LNG) projects, Brass and Olokola LNG projects.

 

NNPC Ltd’s Chief Financial Officer (CFO), Mr. Umar Ajiya disclosed this on the sidelines of the ongoing 2024 Gas Technology Conference and Exhibition (Gastech), in Houston, United States, on Thursday.

Read Also:

Nigeria’s Port Harcourt Refinery Not for Sale—NNPC Limited

The Commission Will Not Be Held Liable For Sharing Of Personal Data – NIMC Warms Nigerians

 

Brass LNG and OK LNG are two LNG projects with the potential of manifold economic benefits for the country which include job creation, power generation, revenue generation and economic diversification. The multi-billion dollar projects were however stalled due to unfavourable market dynamics and slow decision-making by the political class in the past.

 

“In the past, gas prices went down, the economics of the projects meant a high Capital Expenditure (CAPEX) and this was a dis-incentive for investors and partners. Also, there was slow decision-making by the political class,”’ the CFO added.

 

While describing NNPC Ltd as a commercially driven Company which recognises timely project development and execution, the CFO said there are abundant gas resources in many parts of the world and therefore, the earlier Nigeria makes smart decisions to bring partners to the table, the better.

 

Ajiya commended President Bola Ahmed Tinubu for his support in driving new projects in the Industry through the Presidential Executive Orders on Oil & Gas Reforms.

 

“We are also happy to have the Petroleum Industry Act (PIA) has provided fiscal incentives for investors and is creating the enabling environment that has rekindled hope in the energy sector.” 

 

Ajiya described Gastech as an avenue for NNPC Ltd to learn new technologies which will help the Company decarbonise its operations and promote its abundant LNG resources to the global market.

 

Gastech is the world’s leading forum dedicated to delivering a more sustainable energy future by bringing together experts who brainstorm to create pathways towards global energy security for lasting climate impact.

Previous Post

African Philanthropist & Business Leader, Tony Elumelu Sets Out Africa’s Priorities For UNGA 2024

Next Post

NNPCL, NLNG, FIRS, Delta, Lagos, JAMB, TotalEnergies, Osun, T-Pumpy, Others Partner GOCOP For 2024 conference

Bisi Bamishe

Bisi Bamishe

I am a journalist with many years of experience in the field of Insurance and Pension. In 2003, I won Nigeria Media Merit Award of the IGI's Prize For Insurance Reporter of The Year

Related Posts

Nigeria’s Port Harcourt Refinery Not for Sale—NNPC Limited
News

Nigeria’s Port Harcourt Refinery Not for Sale—NNPC Limited

July 30, 2025
The Commission Will Not Be Held Liable For  Sharing Of Personal Data – NIMC Warms Nigerians
News

The Commission Will Not Be Held Liable For Sharing Of Personal Data – NIMC Warms Nigerians

July 27, 2025
Heavyweights Battle For $100,000 ln The Nigeria Prize For Literature 2025
News

NLNG Deepens Educational Commitment With New Investments In Rivers State

July 27, 2025
Heavyweights Battle For $100,000 ln The Nigeria Prize For Literature 2025
News

Heavyweights Battle For $100,000 ln The Nigeria Prize For Literature 2025

July 24, 2025
One Year ln Office: My Achievements As DG Of NIMC – Coker-Odusote
News

MUST READ : Remarks By NIMC Director General At Roundtable Talk With Online Publishers

July 18, 2025
NSML Wins Maritime Excellence Award, Reaffirms Commitment To Capacity Building 
News

NSML Wins Maritime Excellence Award, Reaffirms Commitment To Capacity Building 

July 18, 2025
Next Post
Ambassador Mamman To Chair GOCOP 2024 Conference In Kogi State.

NNPCL, NLNG, FIRS, Delta, Lagos, JAMB, TotalEnergies, Osun, T-Pumpy, Others Partner GOCOP For 2024 conference

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

Claims Payments :  Leadway Assurance  Leads lndustry with N67 Billion Paid In 2023   

Leadway Assurance Partners Ecobank To Expand Access To Tailored Insurance Solutions

18 hours ago
Nigeria’s Port Harcourt Refinery Not for Sale—NNPC Limited

Nigeria’s Port Harcourt Refinery Not for Sale—NNPC Limited

4 days ago
NAICOM Board Approves New Operational Structure For The Commission

NAICOM Issues Guidelines For Insurtech Operations ln Nigeria.

5 days ago
The Commission Will Not Be Held Liable For  Sharing Of Personal Data – NIMC Warms Nigerians

The Commission Will Not Be Held Liable For Sharing Of Personal Data – NIMC Warms Nigerians

1 week ago

Bisladnews.com is an online publication of Bislad Communication Network Company. It is a news platform dedicated to providing top news.

Follow Us

Browse by Category

  • Back in the days
  • Business
  • Features
  • Insurance
  • Interview
  • News
  • Opinion
  • Paper Presentation
  • Pension
  • Photo Gallery
  • Politics
  • Sports
  • Uncategorized

Recent News

Claims Payments :  Leadway Assurance  Leads lndustry with N67 Billion Paid In 2023   

Leadway Assurance Partners Ecobank To Expand Access To Tailored Insurance Solutions

August 3, 2025
Nigeria’s Port Harcourt Refinery Not for Sale—NNPC Limited

Nigeria’s Port Harcourt Refinery Not for Sale—NNPC Limited

July 30, 2025
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports

©2024 - Bislad News

No Result
View All Result
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports

©2024 - Bislad News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In