Cargoes: Uneasy calm over concession to IOC shareholders’ lifters by NLNG 

Nine days to the assumption of office of Philip Mshelbila as Managing Director, there is uneasy calm in the Nigeria Liquefied Natural Gas, NLNG, over concession given to International Oil Companies, IOCs, lifters above others.

Mshelbila, who is the outgoing Chief Executive Officer of Atlantic LNG in Trinidad and Tobago, takes over from Tony Attah on August 31.

It is also confirmed that Patrick Olinma, the Total representative on the board, has been asked to proceed on retirement, commencing July 31, 2021, and will be replaced by Total on the Board of NLNG.

Mohammed Abdulkabir Ahmed, the NNPC new helmsman for Gas and Power, will be occupying the NNPC Board position in NLNG.

But the new helmsman has to address in-house and market tension arising from deferrals, defaults and cancellation of cargoes.

SOURCE: Vanguard

Social