WITH growing concern over the situation in the country’s gas-to-power industry, the Nigerian Gas Association (NGA) is set to organise its first business forum in 2017 with invited experts to debate vigorously on the challenges.
The event, which will bring the power, oil and gas, investment and business community together will hold on Thursday 15th June 2017 at the Eko Hotel and Suites, Lagos with the theme ”Embracing New Realities: Resetting Our Gas to Power Industry”.
The main objective is to discuss the issues and proffer solutions to overcome barriers in the gas-to-power value chain and explore ways of aligning the investment horizons of gas assets with the financing realities of gas-fired power generation.
According to Ibimina Abiodun, NGA’s Secretary General, “the Council of NGA has favoured genuine debate with the participation of high calibre speakers from gas, finance and power industries including other institutions in order to get the utmost benefit of the robust dialogue”, adding that the natural gas business forum will precede the 18th Annual General Meeting (AGM) of the association on the day.
‘‘Globally, the gas industry witnessed significant shifts over the past years with the emergence of new supply sources which includes shale gas from the US. Other market dynamics include the fierce competition of coal in the power sector, the steep fall in oil and gas prices, changes in traditional trade flows, etc. However, most scenarios see natural gas playing bigger role in the energy sector than other fossil fuels”
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