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Nairaland Forum / Nairaland / General / Politics / Chevron, Shell Pull Out Of Olokola LNG Project (13775 Views)
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Re: Chevron, Shell Pull Out Of Olokola LNG Project by kokosheen(m): 4:46pm On Aug 24, 2013 |
edo.girl: I've read all you've posted to this point and I think you should do a little more research before posting what is plainly rubbish. 1. Brass LNG is not the biggest LNG plant in Nigeria, it doesn't even exist physically yet, only Nigeria LNG (http://nigerialng.com) with a 6 LNG train operation producing 22MMTPA (Million Tonnes per Annum) of Liquefied Natural Gas has been built and producing. The plant not only produces LNG, but produces 4MMTPA of domestic gas (LPG) where 150,000 Tonnes is supplied to the domestic market monthly. 2. The price of LNG has not collapsed around the world (come on, where did you get this rubbish from)!!!. Yes, the traditional markets in America and western Europe have had challenges like Shale gas production and the global economic downturn but this has been greatly upstaged by the market in the far east (quadruple the western price). All exporting LNG plants in the world are making a killing. FYI, NLNG made over $10B revenue last year alone and Nigeria got over 3B USD as profit from NNPC (remember Okonjo Iweala's lament last month about NNPC not remitting NLNG's dividend to the federation account). 3. We need the Brass & Olokola LNG projects up and running ASAP to take advantage of the growth in energy use and yes, I said growth, as LNG is the cleanness form of hydrocarbon and with companies paying premium for CO2 emission (in civilised countries), most manufacturing plants are now being powered by natural gas. Also, don't forget the issue with Nuclear Energy, even though it generates loads of energy more efficiently than other forms, its just not safe. So, until more cost effective renewable energy forms are available, LNG is energy future of the world. In essence, the spiral effect of another LNG plant to Nigeria is enormous as, one the country gets revenue from profit sharing and taxation of the company and its workers, two the number of people to be employed during construction (more 30,000) and when operational (5,000) who are mostly Nigerians helps a whole lot (1 employed person, supports > 6 people, do the maths) and three, the skill set the Nigerians engaged during construction and normal operation is not something you'll ever find in a bookshop or university classroom, which in the long run will help the country to have the skilled workforce to grow the country once our politicians get their act right. I do agree on one of your points though, which is that Nigeria needs to diversify its economy quickly. we can't continue to live like this as the middle and far eastern countries have shown. Please, visit Malaysia which was behind us in terms of economic growth 30 years ago and you'll be amazed what can be done with a little political will (Malaysia is like a Nigeria in another continent in terms of weather, corruption and Oil&Gas). 2 Likes |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by kokosheen(m): 4:49pm On Aug 24, 2013 |
edo.girl: Please, not that I'm after your hide, but please share a link to the economist article you quoted all the things you posted from |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by kokosheen(m): 5:04pm On Aug 24, 2013 |
atlwireles: Thanks for this, we need to educate some people before they start giving themselves headache over something so simple. davide470: Well, Shale Gas or not..the market for Gas is still active and progressing Everything you wrote is right but errrrr, NLNG Train 7 hasn't been constructed yet (hopefully the President will give the go ahead by signing the FID). 2/3 of the posts on this thread scare me, as I know some of the posters might be connected in one way or other with people that take decisions on issues like this. Information is a very powerful tool and getting the right information is even more key. Please, if you want to learn more about the world's energy sources, market growth and major buyers, kindly google: world energy outlook, you'll get a link to the IEA (International Energy Agency) report on a yearly basis. You can also search for "energy outlook" with qualifiers like BP/Exxonmobil/Chevron which gives reports by these companies chopping the money itself. http://www.worldenergyoutlook.org/publications/ Ciao. 2 Likes |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by dossantos1: 5:19pm On Aug 24, 2013 |
Billyonaire: Obj blackmailed Ibori to secede land to Ondo so yorubaland can be called oil producing state and went ahead to build that LNG to pipe gas from ND. look at how clownish u sound go look d map again. where do u put edo state? 3 Likes |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by ono(m): 5:37pm On Aug 24, 2013 |
@kokosheen, Many thanks for all your explanations. Well done. |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by musiwa1f: 5:45pm On Aug 24, 2013 |
jonathan most have change the location from olokola to brass. ay |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by EzeJustme(m): 7:07pm On Aug 24, 2013 |
[quote author=otokx]Why did they not site the project in the Niger Delta? Is it not from the Niger Delta that the gas will come from? What about the LNG Brass Bayelsa state |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by Nobody: 7:32pm On Aug 24, 2013 |
naptu2:why will there nt be problem whn we have cancerous theif as oil minister. If u understand D bill she puts forth in name of eliminating current strigencies in oil sector u will u knw she added huge problem to it. Infact aftr public outcry or questioning of PIB bill that was whn (or most of ) D agada fat belly senators ask them to explain D bill again to them, and this was D bill they almost passed. If we are crying that D govt(which) is human is corrupt, how then do we throw away Pretoleum sector to one single person to manage without govt interference 4 good 7yrs. If under D FG, D minister oil like herself Deanzi is so corrupt hw then can we put D oil sector into a personal management? Infact D bill sold D nigerian birthright to forigein investors and D would be minister. We are we privitising? We build equipment and give it out for private management, ist nt for D inefficiency of govt held jobs? Y nw give out d oil sector (D backbone of nigeria economy) to somebdy to control? If corruption stops in nigeria, D current way we are managing D oil sector will work. Is nt D same govt that Obj did that Jona is, but nw D difference is clear. |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by kolexy(m): 8:01pm On Aug 24, 2013 |
plaindealer: As a major Oil producing state, Ondo state is one of Niger Delta states. Niger delta is different from South-south, which is based on the geograpghy of the country. Abia and Imo are the other non South-south states that are 'Niger Delta', based oil production. |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by plaindealer: 8:39pm On Aug 24, 2013 |
kolexy: Actually, Ondo people are not yoruba, they are not even part of the SW, they are not just nd from ND, they are hausa too, they don't speak yoruba, they don't eat yoruba food, they were never part of the old western region, they are Ibo from abakaliki, Ondo people are from from rom from..oh, I forgot where they are from......oh, heard they are Jews too...... lmao.... You people no go kill pesin with your jokes I swear. First it was some Olodo professor from some low grade university saying Lagosians are Benin, now ondo people are from nd. lol... 1 Like |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by Vavavoom(m): 9:24pm On Aug 24, 2013 |
What baffles me here is how the oppressed struggle to defend the myopic decisions of their oppressors. Here, boundaries get adjusted based on who is at the centre...no recourse to nation building and patriotic feeling... all effort is geared towards the promotion and championing ethnic sentiments, sadly the youth are neck-deep in this charade. 1 Like |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by Elfenomeno(m): 9:45pm On Aug 24, 2013 |
plaindealer: I am Yoruba from the oil producing region of Ondo State, just wanna ask if you understand the meaning of 'Delta' this time around not the Greek alphabet. Try get that, then put Niger before the Delta and check a Nigerian map. The fact remains, all states of the SS are part of the Niger Delta so the term has now become synonymous with them. Italy, France, Greece are European countries and also part of the Mediterranean belt, will you say Libya, Tunisia, Morocco are also not part of it just because they're Arabs? |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by funshint(m): 1:13am On Aug 25, 2013 |
edo.girl:You are the most "senseful" female I've ever seen on nairaland. Chai!!! |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by Ifems(m): 8:47pm On Aug 25, 2013 |
edo.girl:I don't think you're getting it right...LNG is the fuel of the future,thats what you got to understand.It has low effect on the ozone layer than any of these conventional fuels including the shale gas.If you say its not so profitable why are there new developments in LNG? 1.with subject to increased order for LNG ships,with estimated growth of about 1000 or more by 2020,.2.why are all these major OCs investing in Mozambique,Angola and Australia?.3.Why is the SHELL's FLNG,PRELUDE,making so much waves?don't tell me its phenomenal...The only reason OKLNG is about to die is its far distance from the shore which flouted LNG's plant situation rules.Remember the name LNG(liquefied natural gas),the natural gas is just turned to liquid for easy transportation,it would take 600 ships to transport gas equivalent to 1 shipload of LNG.Again the phenomenal shale gas would it not be transported? |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by AWKAMADEGUN: 10:42pm On Aug 25, 2013 |
edo.girl: That is the point these clowns fail to catch.. |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by minc: 10:12am On Aug 26, 2013 |
.. |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by tpia5: 5:24am On Sep 03, 2013 |
eyah, that's terrible. @ topic. lord have mercy, sha. all the fancy dreams gone, that could have been the next dubai i suppose. oh well, they should just continue with the previous places they were in before, in other parts of nigeria. |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by tpia5: 6:03am On Sep 03, 2013 |
El fenómeno: technically, the niger delta covers only the regions where the river niger empties into the ocean. any other context is a result of the oil embroglio and politics aka money. ondo coastline is from inland rivers (not niger) and the atlantic ocean. |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by tpia5: 6:04am On Sep 03, 2013 |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by tpia5: 6:08am On Sep 03, 2013 |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by sbeezy8: 7:19am On Nov 14, 2013 |
Oh man I think its sooo funny lmfao that all the people in here from were happy the foreign investors pulled out. Whats even funnier is that the main investors is dangote and the other minor investors are Niger deltans Jim Ovia and Tony Elumelu who are based in the SW. sbeezy8: [size=14pt]Dangote to Amosun: Don't abandon Olokola, industrial park[/size]
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Re: Chevron, Shell Pull Out Of Olokola LNG Project by Marotzke(m): 8:51am On Nov 14, 2013 |
agbameta:Really, do you honestly believe what you said? Or is information available to you deficient. |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by OrigamiIII: 9:26am On Nov 14, 2013 |
Billyonaire: Obj blackmailed Ibori to secede land to Ondo so yorubaland can be called oil producing state and went ahead to build that LNG to pipe gas from ND. You talk out of ignorance.Have u ever been to the oil producing communities in ONDO state?You see. oil oozing out from the groun from igbokoda ,araromi,ignore,àgba,ereke, mahin, agbabu,agadagba down to zion pepe. and so many others.At the bother line u have the itsekiris on both sides of delta. and ONDO states |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by Nobody: 9:47am On Nov 14, 2013 |
The olokola project is one obasanjo/southwest project whose principle is based on parasitism.obasanjo refused to site the facility in delta state which is actually the major source of the gas that is to feed the facility rather they intend to move the gas/raw materials from the source in delta state via pipelines to the facility sited in olokola,ondo state. Delta state having seen through the plan of southwest to exploit the resources of delta state using olokola facility in ondo, have decided to build one of the largest industrial gas facility/city in warri southwest lga of delta state. As far as LNG,LPG is concerned,olokola is a non-starter whose establishment is due to politics and desire by yorubas to exploit niger delta resources.olokola is another ajaokuta in the making which is one reason the major partners like chevron,shell have deserted it. |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by otokx(m): 11:52am On Nov 14, 2013 |
Olokola is really another Ajaokuta, the days of injustice are over. They want to pipe gas from we delta to far away Ogun state, not God but we forbid. Koko is there, Sapele and Brass are also there, Ibaka too is there. |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by sbeezy8: 1:34pm On Nov 14, 2013 |
chima12: The olokola project is one obasanjo/southwest project whose principle is based on parasitism.obasanjo refused to site the facility in delta state which is actually the major source of the gas that is to feed the facility rather they intend to move the gas/raw materials from the source in delta state via pipelines to the facility sited in olokola,ondo state. otokx: Olokola is really another Ajaokuta, the days of injustice are over. They want to pipe gas from we delta to far away Ogun state, not God but we forbid. Koko is there, Sapele and Brass are also there, Ibaka too is there. There are certain black/african people who are enemies of progress..... I believe you two belong to that category The east west Pipeline, Already supplies gas to three west African countries, Benin,Togo,Ghana and soon to be Ivory coast making it 4. How is Gas piped from Escravos far away from Ondo/Ogun? the Pipeline currently goes all the way to Effasu Ghana The Longest US/Canada pipeline Is 3000 miles from Canada to YANKEE. YET you bad belle people are crying over 100-200 mile distance lol No matter how much you clowns sit up here and cry the fact is that Ondo and Ogun on shore and offshore have Crude and Natural gas that will be developed in Olokola with the assistance of East-west african pipeline THAT IS ALREADY PIPED TO GHANA!!!. [size=13pt]If it was soo political Dangote, Jim Ovia and Tony elumelu would not be investors in the project. Its common sense.[/size] |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by agbameta: 1:42pm On Nov 14, 2013 |
Marotzke: Really, do you honestly believe what you said? Or is information available to you deficient. Regardless of your village worries, the largest ($8 billion) refinery in Black Africa is under construction in Olokonla FTZ and we still have greenfield refinery close behind... 1 Like |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by agbameta: 1:50pm On Nov 14, 2013 |
AWKA_MADE_GUN: Unfortunately for you clowns, Olokonla is more than LNG, it's a FTZ and industrial park with billions of dollars investments already on the ground even before Dangote stepped in to add his $8 billion refinery project. $8 billion refinery itself is a city or community with it's own side industrial and manufacturing activities. The LNG fiasco remains one of your FG's usual corrupt and incompetent move and with investments still flowing into Olokonla regardless, your LNG nonsense remains mute and irrelevant. |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by sbeezy8: 1:57pm On Nov 14, 2013 |
[size=13pt]Pictures from the signing [/size] |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by sbeezy8: 2:08pm On Nov 14, 2013 |
agbameta: Right, the LNG is not even important at this point. The refinery, Petrochemical plant and fertilizer plant are the basis of this investment, no one is even talking about LNG. Some people are soo bitter they would rather the project fail then realize it will benefit all Nigerians-from the investors banks, Dangote (hausa), Jim Ovia(igbo), Tony Elumelu(igbo), Segun Agbaje(yoruba) Including the countless number of igbos efik edos Urhobo itsekriri hausa yoruba ijaw variou tribes from all around nigeria and non-Nigerians from other parts of Africa, who will relocate to Olokola for employment reasons. its ridiculous, Even a baby with common sense knows that employment in this industrial complex will consists of Professional graduates looking for employment from different tribes and countries across Africa. Eevryone knows Dangote employs regardless of ethnic group or religion. |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by otokx(m): 2:14pm On Nov 14, 2013 |
Let them keep talking; if you like build the largest refinery on planet earth; just make sure the pipelines are not coming from the niger delta oil fields. 1 Like |
Re: Chevron, Shell Pull Out Of Olokola LNG Project by agbameta: 2:20pm On Nov 14, 2013 |
otokx: Let them keep talking; if you like build the largest refinery on planet earth; just make sure the pipelines are not coming from the niger delta oil fields. 1. To start with, they don't need your oil because they have oil in Ondo state where this project is sited. 2. Oil is not for drinking, it's for sale. Ease off the silliness... |
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