PENGASSAN Pushes for Consolidation of Reforms in Oil, Gas Industry
Meanwhile, PENGASSAN has urged the federal government to sustain efforts to implement reforms and incentives to stimulate investment in the country’s oil and gas industry.
The union, in a communique issued at the end of its 5th PENGASSAN Energy and Labour Summit held in Abuja, called for an integrated national approach to gas development encompassing upstream supply, processing facilities, pipelines, storage, LNG, LPG and CNG infrastructure, alongside commercially sustainable gas pricing, bankable offtake arrangements and creditworthy customers.
In the communique jointly signed by PENGASSAN president Comrade Festus Osifo and General Secretary, Comrade Jerry Amah, the union urged the government and regulators to consolidate recent reforms and incentives that have stimulated renewed investment and Final Investment Decisions, and to ensure that Nigeria remains internationally competitive for capital.
PENGASSAN called for an integrated national approach to gas development encompassing upstream supply, processing facilities, pipelines, storage, LNG, LPG and CNG infrastructure.
