The Managing Director and Chief Executive Officer of Nigeria LNG Limited, Mr. Babs Omotowa, has raised the alarm on Nigeria’s dwindling investments in Liquefied Natural Gas (LNG), saying that with no new investments, the country would possibly drop from her current position of 4th world’s largest exporter of LNG to 10th position by 2020. Speaking at the April Lunch organised by the Petroleum Club in Lagos recently, Omotowa, who said NLNG had earned $90 billion revenue since 1999, also declared that NLNG elevated Nigeria to number four exporter of LNG in the world, after Qatar, Malaysia and Australia. Citing the data on the global exports of LNG in 2014, Omotowa said Nigeria was ahead of other world LNG giants, including Indonesia, Trinidad, Algeria, Russia, Oman, Yemen, Brunei, UAE, Peru, Equatorial Guinea, Norway, Papua New Guinea, US, Egypt and Angola. Omotowa, however said with no new investments to support Nigeria’s position in the global LNG market, the country’s position w...
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