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IEF and Japan Discuss Impact of Rising Global Energy Prices | Hellenic Shipping News Worldwide

The Secretary General of the International Energy Forum (IEF) Joseph McMonigle held a video call with a senior Japanese diplomat on Thursday to discuss rising global energy prices and the outlook for the future. Mr Ono Keiichi, Director General of the Economic Affairs Bureau at the Ministry of Foreign Affairs of Japan, stated that Japan .

In a decade of gas, why is the NGFCP stuck in the pipeline?

Earlier this month, the Nigerian Government reportedly approved $1.5bn in funding to repair the Port Harcourt refinery, which had closed down two years ago. Of course, the news was met with some negative reactions from Nigerians. Their sentiment might come from a point of mistrust that the project might be a conduit pipe for corruption. Or perhaps poor management would eventually kill the project, taking Milton Friedman’s “If you put the federal government in charge of the Sahara Desert, in 5 years there’d be a shortage of sand” quote into perspective. However, skepticism and sentiments aside, the economics in funding a refinery repair for $1.5 billion can be debated.

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