Saved2Serve:
In the commercial development of an LNG value chain, LNG suppliers first confirmed sales to the downstream buyers and then sign long-term contracts (typically 20–25 years) with strict terms and structures for gas pricing.

The trade of LNG is completed by signing an SPA (sale and purchase agreement) between a supplier and receiving terminal, and by signing a GSA (gas sale agreement) between a receiving terminal and end-users. Most of the contract terms used to be DES or ex ship, holding the seller responsible for the transport of the gas.

LNG purchasing agreements used to be for a long term with relatively little flexibility both in price and volume. If the annual contract quantity is confirmed, the buyer is obliged to take and pay for the product, or pay for it even if not taken, in what is referred to as the obligation of take-or-pay contract (TOP).

In the mid-1990s, LNG was a buyer's market. At the request of buyers, the SPAs began to adopt some flexibilities on volume and price. The buyers had more upward and downward flexibilities in TOP, and short-term SPAs less than 16 years came into effect. At the same time, alternative destinations for cargo and arbitrage were also allowed. By the turn of the 21st century, the market was again in favor of sellers.

However, sellers have become more sophisticated and are now proposing sharing of arbitrage opportunities and moving away from S-curve pricing. Since the advent of alternative destinations and arbitrage, such financial and sales guarantee in the face of such industry melt down was lost. Even if sellers like (NLNG) has a stake on arbitrage opportunities, it is NOT as lucrative as selling as an exclusive seller if possible as enshrined in a SPA.

In conclusion, SPAs are very flexible in terms of clauses covering the prices and volumes of LNG sold to accomodate industry trends in prices, thus there is no significant guarantee for NLNG with the current global drop in oil and gas prices. My 2cent!! ( No my wo bites of chicken lap)

This one don pass 2 cent, na 1million dollar response. Thank you for shedding more light as I felt the long term agreements were actually arbitrage opportunities against downward movement in prices. Good to hear from you as e be like say you abandon us small....just small....merry christmas!

Yes it has been an issue resolving with the management the number of GT intakes. Yes they have resolved to recruit far less than the figure earlier envisaged and proposed. Yes 2015 has come to an end. The year was like a car on a journey but lost a tyre (oil price fall). The driver managed the car (company) to the nearest vulcanizer stand (end of the year) to properly take his time to fix the tyre. Now, companies are going to sit down and decide well how they are going to swim through 2016 with less shock. Plenty marathon meetings underway. A lot of companies, wobbled through the year till they hit the last month of the year. You know the industry was caught unaware in the middle of the journey we don pack load, plan journey come take off. A lot of companies just managed to keep some staffs on their employ till end of the year. Now, every tom, dike and hanna's position and job function MUST be thoroughly evaluated to justify it's individual existence else it will be absorbed into another role, just as Buhari collapsed ministries.

Now, companies are studying a lot of predictions and forecast of 2016 to base their budgets and plans so as to weather through the coming year without much economic shock. So, how do they do this? They make plans against the worst industry meltdown scenario. FG, picked $38/barrel of crude oil for her budget, but many predictions says oil will fall to about $20/barrel.

So, my info is, yes the number of prospective GTs to be employed have been drastically reduced. Does it call for panic? No!!! It calls for diversification and pluralization of plans and pursuit. Yes, in this part of the world, we are jack of all trades and master of all because of the dynamism of our economy and country. Every move and plan one makes in this country must have series of back up plans. No thanks to an unpredictable country and her dicey economic mileu. Let's have an open mind and begin to think outside the box. Wish you all a great year ahead.

Saved2Serve:
Yes it has been an issue resolving with the management the number of GT intakes. Yes they have resolved to recruit far less than the figure earlier envisaged and proposed. Yes 2015 has come to an end. The year was like a car on a journey but lost a tyre (oil price fall). The driver managed the car (company) to the nearest vulcanizer stand (end of the year) to properly take his time to fix the tyre. Now, companies are going to sit down and decide well how they are going to swim through 2016 with less shock. Plenty marathon meetings underway. A lot of companies, wobbled through the year till they hit the last month of the year. You know the industry was caught unaware in the middle of the journey we don pack load, plan journey come take off. A lot of companies just managed to keep some staffs on their employ till end of the year. Now, every tom, dike and hanna's position and job function MUST be thoroughly evaluated to justify it's individual existence else it will be absorbed into another role, just as Buhari collapsed ministries.

Now, companies are studying a lot of predictions and forecast of 2016 to base their budgets and plans so as to weather through the coming year without much economic shock. So, how do they do this? They make plans against the worst industry meltdown scenario. FG, picked $38/barrel of crude oil for her budget, but many predictions says oil will fall to about $20/barrel.

So, my info is, yes the number of prospective GTs to be employed have been drastically reduced. Does it call for panic? No!!! It calls for diversification and pluralization of plans and pursuit. Yes, in this part of the world, we are jack of all trades and master of all because of the dynamism of our economy and country. Every move and plan one makes in this country must have series of back up plans. No thanks to an unpredictable country and her dicey economic mileu. Let's have an open mind and begin to think outside the box. Wish you all a great year ahead.

Bros how far ? What's the way forward ?

All this gloomy news sha! Una wan spoil keresimesi? Well sha if d price is for oil make e like fall sotay e find oil. What's mine is mine. Na to cultivate a side business they use see front

Saved2Serve:
Yes it has been an issue resolving with the management the number of GT intakes. Yes they have resolved to recruit far less than the figure earlier envisaged and proposed. Yes 2015 has come to an end. The year was like a car on a journey but lost a tyre (oil price fall). The driver managed the car (company) to the nearest vulcanizer stand (end of the year) to properly take his time to fix the tyre. Now, companies are going to sit down and decide well how they are going to swim through 2016 with less shock. Plenty marathon meetings underway. A lot of companies, wobbled through the year till they hit the last month of the year. You know the industry was caught unaware in the middle of the journey we don pack load, plan journey come take off. A lot of companies just managed to keep some staffs on their employ till end of the year. Now, every tom, dike and hanna's position and job function MUST be thoroughly evaluated to justify it's individual existence else it will be absorbed into another role, just as Buhari collapsed ministries.

Now, companies are studying a lot of predictions and forecast of 2016 to base their budgets and plans so as to weather through the coming year without much economic shock. So, how do they do this? They make plans against the worst industry meltdown scenario. FG, picked $38/barrel of crude oil for her budget, but many predictions says oil will fall to about $20/barrel.

Thanks so much..

So, my info is, yes the number of prospective GTs to be employed have been drastically reduced. Does it call for panic? No!!! It calls for diversification and pluralization of plans and pursuit. Yes, in this part of the world, we are jack of all trades and master of all because of the dynamism of our economy and country. Every move and plan one makes in this country must have series of back up plans. No thanks to an unpredictable country and her dicey economic mileu. Let's have an open mind and begin to think outside the box. Wish you all a great year ahead.

You know, this is the time of the year we make serious plans for the coming year.
I want to know how I'm going to place the nlng-line of possible plans in the whole picture of planning

I have always thought that Nlng had been having a hard time determining the number of GTs they really need, considering the lots of constraints staring them in the face. I am thinking ( I may be wrong though) that they may have more decision issues with respect to the engineering GTs, whose training is usually most expensive, as their training is usually in the UK. Would they still employ engineers? If yes, how would they be trained, in Nigeria or in the UK, as they are trying to cut down cost? If in Nigeria, how would they do it, as I do not think any organisation here can render such training? If in the Uk, hmmm money dey to do am? I really fear for the engineering GTs. Nothwistanding, # I still believe in Jah's undeserved kindness

That is why I wished decisions are reached on time so people can move ahead and map out their strategy for the new year. It may be more painful for some especially those who are yet to get a job, but with time it will soon pass.
I heard one major oil company laid off some huge numbers of workers recently, really hard times calling for desperate measures. It is well with us!

ItsTime4me:
I have always thought that Nlng had been having a hard time determining the number of GTs they really need, considering the lots of constraints staring them in the face. I am thinking ( I may be wrong though) that they may have more decision issues with respect to the engineering GTs, whose training is usually most expensive, as their training is usually in the UK. Would they still employ engineers? If yes, how would they be trained, in Nigeria or in the UK, as they are trying to cut down cost? If in Nigeria, how would they do it, as I do not think any organisation here can render such training? If in the Uk, hmmm money dey to do am? I really fear for the engineering GTs. Nothwistanding, # I still believe in Jah's undeserved kindness

they will do what is best for their business and the company's future.... they are not employing gts to come and make NLNG number one in the next 6months.....they are employing the future of the company.

engineering ,science, law or even humanities....i think everyone has a vital role to play...everyone is affected.

Ok o

Prinzofparis:

they will do what is best for their business and the company's future.... they are not employing gts to come and make NLNG number one in the next 6months.....they are employing the future of the company.

engineering ,science, law or even humanities....i think everyone has a vital role to play...everyone is affected.

Whatever the decision is, NLNG must expand its operation to remain competitive hence the train 7. They need capable hands to run the plants hence the GT recruitment. Whatever the short term market economics dictates ( oil price crash) or the long term competition implies ( shale oil and gas, rapidly expanding Australia, Canada and USA markets), they have to position to be amongst the top industry players in volume.

The number of personnel to effectively run the expanded plant is a constant ( yes company policy and practices will dictate this), and these roles cannot be merged else will reduce efficiency and this isn't an Aunty Iyabo and sons oil company.

The sane compromise to come to can be to stagger the recruitment till a saber economic scenario presents itself, and take in the required number to make up the initial plan, similar to how people had been entering since 2008 or conduct another recruitment as soon as possible.

Whatever they want to do, Abeg just release the results. No sitting and deliberating again this new year, release the results and go.

Dreal4mula:


Bros how far ? What's the way forward ?

basically, the headache is, what do we do with the successful excess? Put them on Wait list? For how long when we are not sure of anything concrete in nearest future? How do we deal with the SUCCESSFUL EXCESS? Do we raise the bar as per performance cut off to trim down to our desired size? We can't possibly change the rules in the middle of the game it does not portray our hallmarks and core values. They are facing a tough impasse. Pity them, pray for them to come out with decision that will be favorable to all. Engineering guys, I salute una. Your garri dey rise bembestically. Never give up......

The most sane thing is for them to release the dawn thing before mid January, make people carry their life do something. Psychologically, the investment you guys have put in can effortlessly fund train 7 and 8 if monetized.

Saved2Serve:
basically, the headache is, what do we do with the successful excess? Put them on Wait list? For how long when we are not sure of anything concrete in nearest future? How do we deal with the SUCCESSFUL EXCESS? Do we raise the bar as per performance cut off to trim down to our desired size? We can't possibly change the rules in the middle of the game it does not portray our hallmarks and core values. They are facing a tough impasse. Pity them, pray for them to come out with decision that will be favorable to all. Engineering guys, I salute una. Your garri dey rise bembestically. Never give up......

The most sane thing is for them to release the dawn thing before mid January, make people carry their life do something. Psychologically, the investment you guys have put in can effortlessly fund train 7 and 8 if monetized.

Hehe I just love this guy no homo.
On point. Given the dilemma scenario of the GT recruitment team (if that's really what's happening that is holding this thing up), for the first time I feel their job is highly unenviable. Perhaps they do need the prayers then.

Saved2Serve:
basically, the headache is, what do we do with the successful excess? Put them on Wait list? For how long when we are not sure of anything concrete in nearest future? How do we deal with the SUCCESSFUL EXCESS? Do we raise the bar as per performance cut off to trim down to our desired size? We can't possibly change the rules in the middle of the game it does not portray our hallmarks and core values. They are facing a tough impasse. Pity them, pray for them to come out with decision that will be favorable to all. Engineering guys, I salute una. Your garri dey rise bembestically. Never give up......

The most sane thing is for them to release the dawn thing before mid January, make people carry their life do something. Psychologically, the investment you guys have put in can effortlessly fund train 7 and 8 if monetized.

Will it be safe to say Train 7 in 2017 is not even so sure given the present market circumstances?

dway4ward:
Whatever the decision is, NLNG must expand its operation to remain competitive hence the train 7. They need capable hands to run the plants hence the GT recruitment. Whatever the short term market economics dictates ( oil price crash) or the long term competition implies ( shale oil and gas, rapidly expanding Australia, Canada and USA markets), they have to position to be amongst the top industry players in volume.

The number of personnel to effectively run the expanded plant is a constant ( yes company policy and practices will dictate this), and these roles cannot be merged else will reduce efficiency and this isn't an Aunty Iyabo and sons oil company.

The sane compromise to come to can be to stagger the recruitment till a saber economic scenario presents itself, and take in the required number to make up the initial plan, similar to how people had been entering since 2008 or conduct another recruitment as soon as possible.

Whatever they want to do, Abeg just release the results. No sitting and deliberating again this new year, release the results and go.

Your assertions are absolutely correct. I have been saying it on this thread that they themselves have said that one of the most viable ways for them to stay competitive given the present situation and future forecast is to increase volume and gain market share, hence train 7. So investing in personnel who shall get this expansion up and running is a necessity. These people recently called up EH waitlisters. You are facing a threat you don't retreat and cower, you gear up and prepare for battle.

Why don't they just send the mails and inform successful candidates that they "passed" - recruit the numbers they need at the moment, and wait-list the rest? House any objections??

Increasing the "cut-off" implies "changing the rules..."

You speak like an insider who was at the HR-MGT DEBRIEFING on repositioning NLNG's manpower for 2020 target. You just said it well but Engineering slots are much more in number. Yes! It affects all. Ur slot is ur slot. Increase intake to 500, reduce it to 10, onye chukwu ga emere ebere ka oga emere ebere (anyone can transliterate).

Prinzofparis:

they will do what is best for their business and the company's future.... they are not employing gts to come and make NLNG number one in the next 6months.....they are employing the future of the company.

engineering ,science, law or even humanities....i think everyone has a vital role to play...everyone is affected.

Bye guys, talk to u guys again after I don do medicals.

Saved2Serve:
You speak like an insider who was at the HR-MGT DEBRIEFING on repositioning NLNG's manpower for 2020 target. You just said it well but Engineering slots are much more in number. Yes! It affects all. Ur slot is ur slot. Increase intake to 500, reduce it to 10, onye chukwu ga emere ebere ka oga emere ebere (anyone can transliterate).

lol... just gut feeling bro. true, who will get in will get in and yes engineering slots are more in number.

if i remember well, out of the 90 persons that entered in 2007, about 30 were technical dept guys of which 27 were engineers...if i can remember the figures correctly.

The other lot of technically related guys may have been switched to other departments where their skills will have the most positive impact...(not so sure tho).

in all, NLNG should get this over with...its taking forever.

Prinzofparis:


lol... just gut feeling bro. true, who will get in will get in and yes engineering slots are more in number.

if i remember well, out of the 90 persons that entered in 2007, about 30 were technical dept guys of which 27 were engineers...if i can remember the figures correctly.

The other lot of technically related guys may have been switched to other departments where their skills will have the most positive impact...(not so sure tho).

in all, NLNG should get this over with...its taking forever.

Well said...


We all still have equal chances of being selected. Fear not.
Get busy with other engagements. If the mail drops and its positive, take the leap. If negative, move on. YOU CAN'T DIE BECAUSE OF NLNG.

cashme28:


Well said...


We all still have equal chances of being selected. Fear not.
Get busy with other engagements. If the mail drops and its positive, take the leap. If negative, move on. YOU CAN'T DIE BECAUSE OF NLNG.

straight up man.....im actually already tired of waiting on them, whenever they deem appropriate, they should send their invites...lol on a lighter note..NLNG na Agbaya company oh!!...they gave us 2hours to do a whole waec test, 1.5 hours for shl test and approximately 5 hours for AC and they expect 98% accuracy...... common graduate recruiment now they cannot complete within short time...taking 2+ years and still counting!!....

NLNG Is just doing ojoro. When some people that have connect know their results already, why keep the remaining in the dark. They've decided on who they're taking and who not, there's no reasonable excuse here. It's not until we start going to their HQ in person to make enquiry na....

SEND THE MAILS!!!!!!!!

ladyF:
NLNG Is just doing ojoro. When some people that have connect know their results already, why keep the remaining in the dark. They've decided on who they're taking and who not, there's no reasonable excuse here. It's not until we start going to their HQ in person to make enquiry na....

SEND THE MAILS!!!!!!!!

Well this cannot be substantiated. I have not seen anyone write in this forum that (s)he has confirmed the outcome of the AC. As earlier said, we all still have equal chances of getting in.
Q1 2016 beckons....

Bros/Sis, have you decided to intentionally bury your head in the sand ( Ostrich style)? A few have confirmed on here and can be inferred that many more have not displayed the knowledge here.
All the positive energy you can display is believe that with or without the sources that can tell your AC performance, you will get in with the efforts you displayed earlier in the year.
People already know their status, I wish I was one.

cashme28:


Well this cannot be substantiated. I have not seen anyone write in this forum that (s)he has confirmed the outcome of the AC. As earlier said, we all still have equal chances of getting in.
Q1 2016 beckons....

dway4ward:
Bros/Sis, have you decided to intentionally bury your head in the sand ( Ostrich style)? A few have confirmed on here and can be inferred that many more have not displayed the knowledge here.
All the positive energy you can display is believe that with our without the sources that can tell your AC performance, you will get in with the efforts you displayed earlier in the year.
People already know their status, I wish I was one.

I still repeat that nobody has come here to say, "my source told me i passed/failed the AC". All you have done is infer, and which could also be wrong. Unless you are saying you have been told of urs.
I am not burying my head in the sand but just saying the obvious.
Please i beg, do not believe anything you were told about ur performance. The only authorized authority to give a feedback of ur AC perfomance is a mail directly from NLNG.

You could choose to ignore this...

If he doubts your assertions then he might as welldoubt that FFK is on twitter.

dway4ward:
Bros/Sis, have you decided to intentionally bury your head in the sand ( Ostrich style)? A few have confirmed on here and can be inferred that many more have not displayed the knowledge here.
All the positive energy you can display is believe that with or without the sources that can tell your AC performance, you will get in with the efforts you displayed earlier in the year.
People already know their status, I wish I was one.

This is interesting. Maybe they dreamt it and came to share it with us. It might not have been from a source afterall....no further comments

dway4ward:
Bros/Sis, have you decided to intentionally bury your head in the sand ( Ostrich style)? A few have confirmed on here and can be inferred that many more have not displayed the knowledge here.
All the positive energy you can display is believe that with or without the sources that can tell your AC performance, you will get in with the efforts you displayed earlier in the year.
People already know their status, I wish I was one.

that wasnt what ladyF inferred earlier. some persons made it seem like they have confirmed their name on an official list from NLNG as it concerns their status. I am not saying this is a lie but in my small world and all my insiders/sources world that statement is horseshit (forgive me).

mails will come soon....we will see the porcupines, turkeys and peacocks...enof butt opening will go down here....humility will be learned within nanosecs.

not like i wish anybody evil tho....but sometimes some speeches just pricks......sorry if i offend anyone....i dont want to be someone's laundry man in 5 years at bonny.

It's sad the time taken by this recruitment process opened people to ridicule, within and outside this thread. Else this talk of humility amongst others wouldn't come up.
Life happens, and my ultimate lesson from all these is Nigerian manned institutions aren't to be trusted wholeheartedly.

Please let's forget about all this humility talk blablabla IMO its spiteful. All we need is the spirit of sportmanship. You get the job, I didn't, I congratulate you and move on, I get it, you didn't, I still congratulate you, cos Dangote and Otedola never worked in nlng, maybe you are just about to become the nest big thing. Everybody that has made it this far is good. You may have been in your best shape that day and for one reason or another next guy was not just in his best. Let this stage just pass, there is so much to do. I won't brood over anything for more than 3 days good or bad. The steps of a righteous man are ordered by the Lord. I count it all joy! I want to say to a very large degree this thread was far better, we had rough times we came out more friendly.

Please let's forget about all this humility talk blablabla IMO its spiteful. All we need is the spirit of sportmanship. You get the job, I didn't, I congratulate you and move on, I get it, you didn't, I still congratulate you, cos Dangote and Otedola never worked in nlng, maybe you are just about to become the next big thing. Everybody that has made it this far is good. You may have been in your best shape that day and for one reason or another next guy was not just in his best. Let this stage just pass, there is so much to do. I won't brood over anything for more than 3 days good or bad. The steps of a righteous man are ordered by the Lord. I count it all joy! I want to say to a very large degree this thread was far better, we had rough times we came out more friendly.

Smiles* bad guy**** your subtle response tho! You won't be anyone's laundry man at all. Hahhaha!! This home-grown cliches for responding to haughty and proud personalities is becoming poetic. Me likey! I don't know why some monikers just prefer codedly attacking personalities than the post.

Prinzofparis:


that wasnt what ladyF inferred earlier. some persons made it seem like they have confirmed their name on an official list from NLNG as it concerns their status. I am not saying this is a lie but in my small world and all my insiders/sources world that statement is horseshit (forgive me).

mails will come soon....we will see the porcupines, turkeys and peacocks...enof butt opening will go down here....humility will be learned within nanosecs.

not like i wish anybody evil tho....but sometimes some speeches just pricks......sorry if i offend anyone....i dont want to be someone's laundry man in 5 years at bonny.

Wait o guys. Are you guys dead serious that certain folks viewing this thread already have 100% knowledge of their performance at the AC? Corruption nobi only under PeeDiPee govt? #HonestlySurprised.

I thought people were just running they mouths! The only knowledge I have from my performance at d AC na dream wey I dream o. Very vivid dream wey I still dey see clearly in my mind's eye. La wa