The Group Managing Director, Nestoil Limited, Dr Ernest Obiejesi, has called for bolder initiatives to strengthen domestic gas supply in the country. Obiejesi made the call at the fourth Nigeria Gas Conference held in Abuja saying that the gas supply industry in Nigeria would experience a boom if the liquidity issues in the power sector were fixed as the power sector held the key to stimulating growth in the domestic market. “Liquidity issues in the power sector means that gas producers are owed huge sums of money for gas they have supplied,” he said.
The Nestoil boss, however, lauded the FG for the recent Gas Flaring Regulation embedded in the 2017 Gas Policy, describing the policy as an audacious and innovative step by government to discourage gas flaring, noting that the initiative was not far reaching enough. He called for a permanent solution to address the liquidity issues in the downstream and power sectors to encourage much needed investments in gas gathering infrastructure that would eliminate gas flaring.
Energy Summit Postponed Due To ‘Unforeseen Circumstances’- Whistler
With seven days left to the second edition of the Power Safety Summit and Exhibition earlier scheduled to hold October 23 to 24, 2018, “unforeseen circumstances” have forced the organisers to shift the event to November. Chairman of the National Organising Committee (NOC), Gabriel Egede, who cited “unforeseen circumstances beyond (their) control”, gave the new dates for the Summit as November 27 to 28, 2018.
“The postponement was due to unforeseen circumstances beyond the control of the organisers. However, in spite of the shift in date to accommodate all key participants preparations are still going on to ensure a befitting summit in November. While we regret this deferment, we apologise to all stakeholders for this development and the inconveniences this shift in date might have caused them. All is being done by the organisers to host a successful summit, having the total comfort of the sponsors, speakers and participants central to our goal,” he said.
The Summit (will) witness the gathering of key players and CEOs of power utility companies, from across the globe, HSE professionals, engineers, top government functionaries, regulatory agencies, the organised private sector, end users of electricity and other critical stakeholders to appraise issues of Health, Safety and Environment (HSE) in the power sector value chain.