‘How majors’ stake in gas, lower margins hedged against price volatility’

 
Tue May 5th, 2020 - Nationwide
 


As the world groans under the impact of the coronavirus, oil majors with portfolio investments in gas in Nigeria, and many other developed climes, may have helped to provide strong resilience to the current oil price volatility.

Already, the need to plough more gas for domestic consumption, especially in power generation is pushing majors to increase their stake in gas-linked liquefied natural gas (LNG) projects locally.

While new investments decisions may not be taken this year, ramping up existing platforms for gas uptake may further help operators.

 
 

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source: Guardian