This Day Live: Ezigbo - Gas Cannot be Exploited Until There is Better Pricing

Prof. Joe Ezigbo is the Managing Director, Falcon Corporation Limited. In this interview, he spoke on gas pricing and commercialisation, domestic gas supply obligations, and gas agenda for the new administration, amongst other issues. Chika Amanze-Nwachuku presents the excerpts.

There has always been a controversy on natural gas pricing in Nigeria. What do you think is the appropriate price for natural gas for the country?

Nigeria unfortunately has different yardsticks for certain things whereas there are established working and workable frameworks that have been tested in various parts of the world. In other climes, there are established platforms for the determination of the appropriate pricing for gas and that pricing pervades whatever the end objective and application of the gas might be. In Nigeria however, I would say that we started on a faulty premise. We were content to flare all the gas we found for the simple reason that we did not value the gas and we were not willing to put the infrastructure in place for the utilisation of the Natural Gas.

Read the full interview HERE.