NGA Moves To Develop Competitive Gas Market For Nigeria
The Nigerian Gas Association (NGA) is assembling key market operators and investors to Help in creating competitive gas market for the country.
The Association said that its upcoming Annual General Meeting and Business Forum scheduled to hold in Lagos with the theme ‘Gas Policy, Markets and Regulations: Catalysing the Development of Gas Hubs’, will provided opportunity for stakeholders to develop a framework for the midstream subsector.
Prof. Koinyi Ajayi, Managing Partner, Olaniwun Ajayi LLP will be the lead speaker at the event.
Among the distinguished professionals that will be speaking on the dynamics of the gas pricing mechanism necessary for creating the competitive markets needed for functional gas hubs include Mr. Wole Shonibare, Director, Energy Financial Solutions, Policy & Regulation, African Development Bank; Mr. Osten Olorunsola Former DPR Director & Former VP Shell Gas and Power; Mr. Mordecai Ladan, current Director, Department of Petroleum Resources; Hon. Fred Agbedi, Chairman House Committee on Gas.
According to the NGA President, Engr. Dada Thomas, “the Business Forum focus is to draw lessons for Nigeria in developing its domestic competitive gas markets and gas hubs”.
The forum will seek relevant answers to the following questions: What learning points from other countries can be applied towards creating a gas hub in Nigeria? What role should government play in the development of competitive markets and hubs? How can common regulatory mechanisms and key infrastructure be put in place to facilitate the development of gas markets and hubs? What are the likely scenarios for gas hub development in Nigeria based on other nations’ experiences?
The feature speakers to provide appropriate insight on the political will and necessary regulations to further safeguard the competition environment needed for hub development include: Dr. Layi Fatona, Managing Director, ND Western; Mr. Ed Ubong, Managing Director, Shell Nigeria Gas; Mr. Wale Shonibare, Director, Energy Financial Solutions, Policy and Regulation, African Development Bank; Engr. Tunde Bakare, Managing Director, Nigerian Gas Processing and Transportation Company.
The NGA is the apex organisation representing the varied and numerous stakeholders in the gas sector within the Nigerian oil and gas industry. It is a non-political association that was formed in 1999 to promote the development of gas in Nigeria for the benefit of the nation and the various stakeholders. The founding members include the Nigerian National Petroleum Corporation (NNPC), Shell Petroleum Development Company (SPDC), Nigeria Liquefied Natural Gas Limited (NLNG), Chevron Nigeria Limited, Nigerian Gas Company (NGC), Elf Petroleum, Mobil Producing Nigeria, Nigerian Agip Oil Company (NAOC) and Conoco Energy Nigeria Limited.
Today, the Association’s membership consist of a variety of international and indigenous companies as corporate members and individual members across the various sub-sectors and disciplines that make up the vast gas-value chain, starting from gas exploration and production companies (Upstream), to gas processing and transportation companies (Mid-stream), and including the various end consumers, ranging from power generation companies (Gencos), Gas Based Industries (Fertiliser, Methanol, Petrochemical, etc.), and Industrial and Commercial Consumers (Mini/Micro LNG, CNG/LPG, etc.)
The NGA is the largest gas-focused volunteer/individual-member organization and the umbrella association and voice of the gas industry in Nigeria”.