Posts Tagged ‘Gas’

Nigeria To Get Two Thirds Of Chinese $15bn Investment In Oil, Gas Sector In Africa

By Adejumo Enock Two thirds of Chinese $15 billions investment in oil and gas in Africa would be executed in Nigeria, A Modern Diplomacy report has said on Wednesday. According to the report, a whopping $15 billion worth of investments planned in Africa’s oil sector, of which two thirds of the investments are planned for […]

Nigeria’s biggest LNG producer hopes to raise $10bn for Bonny Island expansion

Nigeria LNG, the operator of Africa’s largest natural gas plant, is in talks with lenders to finance a $10bn expansion, the World Oil website reports.The company is hoping to raise $2bn from domestic lenders such as the Guaranty Trust Bank and Zenith Bank, and is looking to foreign lenders, backed by export-credit guarantees, for the […]

Nigeria Gives Ghana Till February 2016 to Clear Gas Debt

The Federal Government of Nigeria has stated that N-Gaz, the main supplier of gas to Ghana’s VRA, has given the Ghanaian firm up to February 2016 to clear its outstanding debt of $171.5m (N33.79bn). The Group General Manager, Group Public Affairs Division, NNPC, Mr. Ohi Alegbe, in a statement, said the modalities for the settlement […]

Nigeria Postpones Decision To Cut Gas Supply to Ghana

The West Africa Gas Pipeline Company (WAPCo) has postponed its earlier decision to cut gas supplies to Ghana. This decision was taken after rounds of negotiations in Abuja. Harriet Wereko-Brobby spokeswoman for the Ghanaian delegation stated: “By next week we are expecting a way forward. There appears to be a will by all the parties […]

Gas Supply Cut Threat: Ghana panics, Sends Delegation to Nigeria

The Ghanaian government has sent a high powered delegation to Nigeria. The delegation is currently holding emergency talks in Nigeria to avert a gas supply cut threat with a view of avoiding a potential political crisis. The Nigerian National Petroleum Corporation said it will cut gas supply by 70 percent to Ghana’s main power generation […]

Ghana Unaware of Nigeria’s Threat to Cut Gas Supply

Nigeria Gas (N-Gas) has threatened to cut gas supply to Ghana between tomorrow and Thursday if the Volta River Authority (VRA) fails to honour its debt obligations. The VRA is said to owe N-Gas more than $182 million and the Ghana National Gas Company (Ghana Gas) about $150 million, a situation which is said to […]