Nigerian Gas Association (NGA) says it wants to see government commitment towards gas legislation as it continues to make progress towards becoming a law. The association is also calling for a more dynamic approach to the capital supply chain in the midst of a new environment of lower prices, credit and faster investment cycles.
Debo Fagbami, publicity secretary, NGA, says an investment/financial forum that will provide the financial community with a unique and valuable opportunity to meet with over 300 senior executives from 43 energy, gas/electric firms, natural gas distribution and transmission, including diversified firms, will take place at the 10th international gas conference and exhibition in Abuja, later this year.
The investment/financial forum is intended to help ensure government and private sector collaboration with financial community representatives, which include securities analysts, portfolio managers, fixed-income analysts, rating agency analysts and bankers.
Udoma Udo Udoma, minister of budget and national planning, will present an address on “National Development – Gas Sector as New Frontier.” Other confirmed speakers include Dafe Sejebor, group general manager of NAPIMS; Uche Orji, managing director, Nigeria Sovereign Investment Authority, and Tolu Osinibi, executive director, FCMB Capital Limited.
This conference will provide insights into possible strategies for company groups across the value chain: from independents, integrated, and national oil companies (resource-rich and resource-poor) focused on E&P, to oilfield service providers and drillers, liquids and natural gas transporters (midstream), and refiners and marketers.
With the low price environment, traditional modes of sourcing, deploying, and optimizing capital may have to give way to new forms of raising capital and unlocking value through new low-cost investment mediums, re-purposing non-core assets to improve capital utility, and rightsizing capital structure in the light of the changing capital markets and industry environment.
Since its inauguration in 1999, the association has continued to serve as a platform for major players and stakeholders to gain alignment and focus through constant deliberation on the activities of the gas industry in Nigeria.
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