Nigeria's hunt for gas buyers
Gas supply to the domestic market is a hot topic in Nigeria. Producers want to monetise their gas and need to find credible buyers
Pressure from government to meet domestic supply obligations (DSOs) remains intense in Nigeria. The current administration's policy is to not award or renew licences for companies that are failing to meet their DSO. Project approvals won't be granted unless operators have a gas monetisation plan, while even producers who re-inject gas to enhance oil production will face restrictions. Nigeria's gas policy states that the government expects that producers will see the obligations as part of their contributions to national development and doing business in Nigeria. The government knows that the domestic market is unappealing, however it expects producers to do their bit regardless. A possible c
Also in this section
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them