The Head of Gas Ventures at Neconde Energy Limited, Engr Chichi Emenike has called on all stakeholders in the Oil and Gas sector in Nigeria to embrace a willing-buyer-willing-seller approach in the production and sale of gas across the entire value chain. Mrs. Emenike says this approach will attract the needed investment and unlock the sector to healthy competition and growth.
She argued that price-fixing has made the sector unattractive despite the abundance of gas reserves in Nigeria making many operators opt for flaring. According to Mrs. Emenike, the sort of liberalisation that led to the boom witnessed in Nigeria’s Telecoms sector can easily be replicated in the energy sector with political will and the commitment of all stakeholders.
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Speaking at a webinar on ‘’Gas as a new frontier for Economic Growth’’, Emenike commended the Minister of State for Petroleum, Timpriye Sylva for constituting a team to look into the gas pricing debacle. She hoped that at the end of the various conversations being held, the contentious issue of gas pricing will be resolved once and for all. She also commended the recently launched Gas Transport Network Code initiative which according to her is a good step towards liberalizing the market.
