The President, Nigerian Gas Association (NGA), Mr. Dada Thomas, has assured firms involved in the supply of natural gas to the domestic market that shale gas will not negatively impact their business.
Shell Nigeria Gas Limited, Axxela Group, Falcon Corporation and Frontier Oil and Gas Limited are major natural gas supplying firms in Nigeria.
Thomas said though shale gas was not a threat to the domestic market, it was a menace to gas export target of Nigeria.
Thomas, who is the
managing director of Frontier Oil Limited, explained that domestic gas market had location advantage as it was still growing.
His words:m “Those exporting gas will have to rise up to the challenges posed by growing output of shale gas because the liquefied natural gas (LNG) contracts are long term contracts. Besides, we don’t need to have shale gas as a country because we have abundant gas resources. So there is no need to be looking at something very difficult when we have something that is very easy.
Thomas told The Nation on the sideline of the Nigerian International Petroleum Summit in Abuja that shale gas and oil revolution had completely changed the energy dynamics across the world, which largely contributed to the current market oversupply especially in oil.