FG’s stakes in multiple LNG projects led to their delay – Brass LNG Chairman

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A former Group Managing Director (GMD) of the NNPC and Chairman of Brass LNG, Mr. Jackson Gaius-Obaseki, and other industry stakeholders in an interview monitored on the Nigerian Television Authority (NTA), said the decision by government to undertake three LNG projects led to the failure to complete any of them, Daily Trust reports.

The Brass Liquefied Natural Gas (Brass LNG) project, the multi-billion dollar Olokola Liquefied Natural Gas (OKLNG) project and Nigeria LNG Limited (NLNG’s) Train 7 project have all been stalled due to bickering, lack of political will and uncertainty around the Petroleum Industry Bill (PIB).

“In my view, at the best of time for Nigeria, we do not have the resources, human and financial, to pursue three LNG projects at the same time. That is where the problem came from,” he said. Also, an oil and gas consultant and former chairman of the Board of the Society of Petroleum Explorationists (SPE) Mr. Alex Neyin, faulted government for taking up many LNG projects at the same time.