Chevron calls for willing seller, buyer principle on gas prices

The Chairman/Managing Director of Chevron Nigeria Limited, Jeff Ewing, has called on industry stakeholders to support and enable the willing seller and buyer to determine gas pricing model in order to ensure the viability of the gas sector.

He also called for the privatisation of the various value chain sectors, as part of measures to untangle the bottlenecks in the industry. Ewing spoke in Abuja at the 11th edition of the Nigerian Gas Association Conference and Exhibition, where he was represented by the Director, Downstream Gas, Mr. Sanjay Narasimhalu.

He described the opportunities for investments in the Nigerian gas sector as enormous, saying, “The opportunities include transitioning from an oil-based economy to a more integrated oil and gas economy and end routine gas flaring.” Ewing also noted that Chevron had contributed immensely to the Nigerian government’s gas master plan through the various gas projects it had embarked on.

Source: The Punch

 

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