Shale gas no threat to Nigeria’s domestic market but a menace to exports – Thomas
The President, Nigerian Gas Association (NGA), Mr. Dada Thomas, has assured firms involved in the supply of natural gas to the domestic market that shale gas will not negatively impact their businesses, The Nation reports.
Shell Nigeria Gas Limited, Axxela Group, Falcon Corporation and Frontier Oil and Gas Limited are major natural gas supplying firms in Nigeria. Thomas however went on to say that although shale gas was not a threat to the domestic market, it was a menace to the gas export targets of Nigeria. He said this on the sideline of the recent Nigerian International Petroleum Summit.
Mr. Thomas, who is also the managing director of Frontier Oil Limited, explained that the domestic gas market had a locational advantage as it was still growing. He also said that the shale gas and oil revolution had completely changed the energy dynamics across the world, which largely contributed to the current market oversupply, especially in terms of oil.