Oil & Gas

Expert urges FG to invest more in gas industry

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Mr Naphatali Iringe-Koko, a former Natural  has requested the Federal Government to invest heavily in the gas industry to ensure a secured future for the country and its citizens.


He made the call in Abuja at the launch of his book titled “Nigeria LNG – A Dream Come True After 35 Years of Hope in the Balance”.

Iringe-Koko said that the gas market had become very attractive and as such needed to be exploited to help revive the Nigerian economy.

There is future in gas at least for the next 30 years; so, let other gas projects come on board; the Investment on NLNG Train-7 project should be taken as soon as possible.

It has stayed about 14 years from inception but I think NNPC is working hard to see that the Train-7 comes on board.

The NLNG Train-7 FID, located at the Bonny Island, will reduce militancy and many problems in the area. We are losing investment opportunities because of the waiting game,” Iringe-Koko.

Iringe-Koko while speaking on the salient issues raised in the book urged the National Assembly to pass the Industry to advance the course of oil and gas production in the country.

According to him, the book is being introduced to Nigerians after 18 years of his research work to provide a documentation of failures and successes of NLNG.

This, he said, would guide further action in new projects coming up and an opportunity to know how to move forward.

Secretary to Government of the Federation (SGF), Mr Boss Mustapha, had earlier said that the FG was giving high prominence to LNG and as such was committed to seeing a viable oil and gas sector.

Mustapha, represented by Mr Olusola Ajayi, from office of the SGF, said plans had been made to ensure more infrastructure in the gas sector.

We know that LNG is the main income generator for some OPEC members like Qatar; and it’s highly embraced by Australia, U.S., Angola, Mozambique and many others.

There is rush to monetise gas resources worldwide as we begin to see fossil fuel engine in competition with electric cars. Nigeria is proud to belong to clean energy club which LNG represents.

We are highly appreciative of the timeless effort of the technocrats who made it possible for the infrastructure in LNG to grow from a small base of under 5million tonnes per annum to 22 million tonnes.

Within a short time frame (it is) an investment of over $40billion without putting a strain of funding obligation on Nigerian government.

Domestic gas utilisation for power generation and the need to meet the clean and cost effective energy needs of our local industry is increasing.

This is why 27 projects were delayed for almost 12 years to enable government to clarify the prospect for further development of LNG and domestic gas utilisation.

Joda, -American University of Nigeria, Yola, who was the chairman of the book launch, said it was time for government to revive abandoned projects in the country.

He regretted that Ajaokuta steel company and other industries which would have offered unemployed youths a means of livelihood were left to rot away.

Joda urged the government to adopt a pragmatic approach to ensure that the oil and gas industry did not become the case of other abandoned industries in the country.

Nigeria News Agency reports that the N10 billion dollars NLNG Train-7 deal would boost revenue generation and is expected to come with three gas turbine generators.

NAN also reports that NLNG is expected to take FID on Train 7 before Dec. 31.

Edited /Donald Ugwu

https://nnn.ng/expert-urges-fg-to-invest-more-in-gas-industry/

Oil & Gas

Group wants NNPC to champion contract transparency in extractive industry

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The Contract Transparency Network (CONTRANET) a civil society network, has urged the Nigerian National Petroleum Corporation (NNPC) to champion the implementation of contract transparency in the extractive value chain in line with Extractive Industries Transparency Initiative (EITI) standards.


The group disclosed this in a communique on Monday, signed by all members and issued at the end of its virtual meeting on advocacy strategy for the adoption and implementation of contract transparency in the extractive industry in the country.

CONTRANET is a civil society network drawn from the media, rights groups, and community based organizations focused on deepening transparency and accountability across the value chain of the sector by making contracts open for citizens’ engagement.

The members are, Centre for Transparency Advocacy, Publish What You Pay Nigeria, Order Paper Advocacy Initiative, Policy Alert, Civil Society Legislative Advocacy Centre, Global Rights, Koyenum Immallah Foundation, African Network Environment and Economic Justice and Sustainable Environment and Peace Initiative.

Others include Community Outreach For Development and Welfare Advocacy, Institutional and Sustainable Development Foundation, Initiative for Participation Accountability and Inclusive Development, Association of Niger Delta Host Community Leaders, Global Awareness for Development Initiative and Coolfm/Wazobiafm.

Also, there are Youth Forum on EITI, Citizens Centre for Integrated Development and Social Rights, Women in Extractive, Responsible Citizenship and Human Development Initiative, and Save a Soul Foundation Zamfara.

“We commended NNPC for signing on to EITI as a supporting company and called on them to champion the implementation of contract transparency in the extractive value chain according to EITI standards.

“This will complement the success recorded by the launch of an online register of beneficial owners of mining assets and ensure that Nigeria retains the satisfactory progress status achieved in 2019 as the first Anglophone country to do so,” they said.

The network said that the Federal Government should commence multi-stakeholder consultations on how to proceed with the implementation of contract transparency in the extractive sector in accordance with all her international commitments.

It added that the Federal Ministry of Petroleum Resources, Federal Ministry of Mines and Steel Development , the NNPC and Mining Cadastre Office should collaborate with the NEITI and other stakeholders, to develop and adopt a framework for the implementation of contract transparency in the extractive sector in Nigeria.

“Civil society organisations should engage the office of the Attorney General of the Federation and Minister of Justice through the Open Government Partnership Secretariat to commence the review of the necessary legislative and policy frameworks that will make the implementation of contract transparency in the extractive sector a reality in Nigeria,” the members said.

Participants at the meeting agreed to continue to advocate for good standards in the extractive value chain and collaborate with all stakeholders to ensure that a framework for the implementation of contract transparency in the extractive sector in Nigeria was developed, adopted and implemented.

Edited By: Franca Ofili/Razak Owolabi
Source: NAN

https://nnn.ng/group-wants-nnpc-to-champion-contract-transparency-in-extractive-industry/
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Economy

BHP in talks with three firms for LNG bunker supply contract – Executive

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BHP Group is in talks with three companies for the supply of liquefied natural gas (LNG) to fuel five ships it plans to use to transport iron ore between Western Australia and China, a senior company executive told Reuters.


A contract is expected to be awarded next month after an initial eight to 10 firms vied for delivery of the super-chilled fuel to the miner over 2022 to 2027, Rashpal Bhatti, BHP’s Vice-President for maritime and supply chain excellence told Reuters.

BHP earlier this month awarded a tender to charter five LNG-fuelled Newcastlemax bulk carriers to Singapore-based Eastern Pacific Shipping, aiming to cut greenhouse gas emissions on voyages to biggest customer China by more than 30 per cent.

The five vessels will be able to carry about 10 million tonnes per year (tpy) of iron ore or about 3.6 per cent of BHP’s 280 million tpy in exports.

BHP will assess the vessels once they are on the water before deciding whether to expand its LNG-fuelled fleet, Bhatti said.

Currently, less than 400 out more than 80,000 registered ships run on LNG as fuel source, according to Mohd Rafe Mohamed Ramli, head of global LNG bunkering at Petronas Marine.

“Our five vessels will make up 10 per cent of all Asian (LNG) bunkering volumes.

“That equates to 1.5 per cent of all global LNG bunkering requirements,’’ BHP’s Bhatti said.

Miners are under pressure to reduce pollution to meet concerns about the environment, while investors increasingly demand that companies offer a compelling sustainability strategy.

Spot LNG prices LNG-AS have fallen sharply over the past two years due to new supply from Australia and the United States

LNG is significantly less expensive than VLSFO (very low sulphur fuel oil),’’ Bhatti said.

“When it comes to cost, the build of the vessel is more expensive than a conventional vessel … but the gas supply is the one that really allows us to take a like for like view.’’

AIB

Edited By: Abdulfatah Babatunde
Source: NAN

https://nnn.ng/bhp-in-talks-with-three-firms-for-lng-bunker-supply-contract-executive/
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General news

Niger Govt opens Minna-Bida road to articulated vehicles

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Gov. Sani Bello of Niger has directed the reopening of the Minna-Bida road to articulated vehicles, to ease transportation of goods and services.


He gave the directives at a news conference, after a meeting chaired by the Chief of Staff to the President, the Inspector-General of Police, Director-General of Department of State Service, the Group Managing Director of NNPC and the Minister of Works.

Bello explained that the meeting was to discuss issues arising from the closure of the Minna-Bida road and the state-owned roads.

He said he made a presentation on the deplorable state of the roads in the state, which was unanimously acknowledged to be due to articulated vehicles carrying excessive loads of liquid and dry cargoes.

Bello noted that such action had led to the destruction of the roads and caused hardship on other roads users.

The governor disclosed that as a way forward, the following agreements had been reached:

”That no articulated vehicle carrying petroleum products of more than 45,000 litres or 35 tons of dry cargo will be allowed to ply the roads.

”That there was need for special intervention for remedial works to be executed on Federal roads to serve as alternative routes, for trucks to move their products.

”That the State Government would require support from the Federal Government to carry out remedial work on Farin-Doki-Minna-Bida road, for easy movement.

”The Ministry of Works said there were ongoing road repairs by the Federal Government and reiterated its commitment to completing the project,” he said.

The governor, however, said that he had directed the relevant agencies to temporarily open the closed state roads to ease the hardship of motorists and other road users.

He appealed to the people of the state to be patient with the decision of reopening the roads, adding that the Federal Government’s intervention would be effected soon.

Edited By: Chinyere Nwachukwu/Donald Ugwu
Source: NAN

https://nnn.ng/niger-govt-opens-minna-bida-road-to-articulated-vehicles/
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Oil & Gas

NNPC shortlists 78 companies for pipelines rehabilitation bidding

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The Nigerian National Petroleum Corporation (NNPC) has shortlisted 78 companies to bid for the rehabilitation of oil pipelines and deport infrastructure across the country.


The News Agency of Nigeria recalls that over 300 companies applied through the official portal published in the national dailies on Aug. 7 and only 78 companies met the expiration time of noon on Sept. 18.

The Group Managing Director of NNPC, Malam Mele Kyari, at the virtual public bid opening for the rehabilitation of the NNPC group downstream critical pipelines and associated depots/terminal infrastructure on Friday in Abuja, said the corporation was committed to transparency.

Kyari said that the process of selection of companies would be transparent and those who would win the bid would undergo a process of Build, Operate and Transfer (BOT) system.

He said that President Muhammadu Buhari had mandated the corporation to ensure transparency and accountability in all its operations.

He said that this would help the NNPC to deliver its services to all stakeholders efficiently, especially to the ordinary Nigerians, adding that the management of the corporation had aligned to the order.

The GMD said that it was unfortunate that the oil pipelines deteriorated over the years with activities of hoodlums and vandals, forcing its to be underutilised. .

He assured that the technology that would not be compromised by vandals would be deployed by the selected companies for the rehabilitation.

“You know that this project requires huge finances that is why we are adopting BOT, pipelines globally are managed by the private sector. What we are doing today is in line with global best practices.

“The NNPC is challenged because of resources constraints; today, we do not have all the resources required to reform this asset which has become so vulnerable and have lost their values and integrity over the time.

“Some of them are as old as 40 years, they are due for replacement and when you want to do replacement of this scale, we do need a lot of resources, which we don’t have.

“We have decided that we will bring in private partners who will rehabilitate the pipelines, they will fund it, they will operate it with us and ultimately, they will recover their investment from tariff on the pipelines.

“As soon as they recover their costs, earn their margins, they will hand over to the country, that is what we want to do,” he said.

Kyari said that the selected companies would have maximum of two years to deliver on the project, adding that by first quarter of 2021, the names of selected companies would be announced.

In his remarks, Mr Musa Lawal, the representative of the NNPC downstream, said that the corporation operated about 5,120km pipelines across the country.

He said that most of the companies had been inactive due to vandalism and activities of hoodlums on the lines, adding that it had also led to crude oil and revenue loss to the country.

He assured that the process of selection would be transparent as stakeholders were invited as observers to monitor the process.

NNPC as an IETI company will continue to ensure accountability and transparency in line with this; we have virtually invited other partners as observers.

“We have Infrastructure Concession Regulations Commission (ICRC), Nigeria Extractive Industry Transparency Initiatives (NEITI), Bureau of Public Enterprise (BPE), among others as our observers,” he said.

The Director-General of ICRC, Mr Chidi Izuwah commended the corporation for its efforts to adopting proper Public Private Partnership (PPP) in infrastructure rehabilitation in the country.

“This means that things can be done better in the country, we are happy with the show of interest in PPP, ICRC that will ensure that this project is carried out in a credible manner for Nigeria to see its benefits,” he said.

Edited By: Chioma Ugboma/Grace Yussuf
Source: NAN

 

https://nnn.ng/nnpc-shortlists-78-companies-for-pipelines-rehabilitation-bidding/
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