info.afrindex.com
China-Africa Trade Information Service
info.afrindex.com
China-Africa Trade Information Service
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For Nigeria, the best way to boost productivity and drive economic growth is to invest LNG , Liquefied Natural Gas,because of the enormous potentials in the nation’s LNG.
Chairman, Strides Group, owners of Strides Energy & Maritime Ltd., Mr. Moritz Abazie, said the sector presents a good opportunity to complement revenue from oil exports for economic development if well managed.
According to him, the natural gas could be best described as ‘the energy of the future’ despite the threat of alternative energy sources, as it is in high demand for industrial processes.
“Talking about gas, it is the energy of the future despite the threat of alternative energy sources. Besides the use as energy source, gas is in high demand for industrial processes as feedstock for chemicals and fertilisers.
The country’s gas potentials are enormous and could be managed to manifest into a robust economy through its huge contributions to her Gross Domestic Product as well as growth and development,” he said.
But the country was losing the competitive space in the LNG global industry due to non-implementation of FID on the additional trains,so this is a huge challenge.
