NNPC GMD’s absence at Gastech 2018 may slow gas investment opportunities

Nigeria’s quest to attract about $20 billion in Foreign Direct Investment (FDI) to boost its ailing economy yet suffered a major setback on Monday; when it failed to get represented at a global gathering of oil and gas investors.

The event was the 30th edition of Gastech Exhibition and Conference which held from September 17–20, 2018 in Barcelona, Spain where Nigeria was to speak on the topic ‘‘The role of NOCs and IOCs in Delivering Global Energy Security”. Gastech is regarded as the most significant meeting place for up-stream, midstream and down-stream gas and LNG professionals, where they convene to do business.

But, the absence of Nigeria which ought to have been represented by the Nigerian National Petroleum Corporation (NNPC) at the Global Leaders Panel was a huge setback to the country. While other members of the panel which included; Sauquet, Vera and Head of Gas Market Analysis Department, Gas Exporting Countries Forum (GECF), Mahd-jouba Belaifa, had all been seated, the moderator, CEO of E treanor Media, Eithne Treanor, announced the shocker that the GMD, Maikanti Baru would not be available for the session.

As soon as they received the news of the absence of Baru, majority of the guests seated who are apparently potential investors allegedly started leaving the hall to attend to other business engagements of the day. Some of the stakeholders including investors, foreign media, oil and gas consultants expressed disappointment, saying they had travelled from other parts of Europe to enable them listen to the GMD and possibly seek an audience with him.

Source: The Sun

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