Delay in Investments May Affect LNG Project

14 Jan 2013

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Dizeani Allison Madueke

One of the World’s biggest natural gas development projects, the Brass LNG is experiencing some challenges in its operation, due to its inability to woo investors.

The company which was expected to position Nigeria among the major producers of liquefied natural gas in the world may yet take a while to achieve the goal.

Part of the reasons for not getting strategic investment for the company, has been linked to the crisis and hostilities in the Niger Delta region of the country. Another issue is the delay in the passage of the Petroleum Industry Bill (PIB).

The management of LNG, who made the disclosure weekend, said “It is expected that this year, the Federal Government will be more strategic in its approach to the management of the Brass LNG project, pushing aggressively for investments that will take it to the next level. 

Tags: Nigeria, Featured, Business, Allison Madueke

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