Local control of onshore and shallow water oil and gas assets is unlikely to halt attacks on Nigerian oil and gas infrastructure, but it should result in a renewed focus on increased production. Despite ongoing supply problems, new LNG capacity is being developed, both on and offshore.
The bottom line seems to be that Nigeria has not been as effective at convincing financial institutions to fund gas export infrastructure as it has been at convincing European governments and international oil majors to consider investing in its gas projects. [Gas in Transition, Volume 3, Issue 5]
Africa may not possess the vast conventional gas resources of the Middle East or Russia, and it may not be able to match the combined conventional and unconventional resources of North America.
I’m no scientist. In fact, I’m a journalist and writer. But this is more than mere scientific pontification. It’s solid reasoning. It’s the reasoning to survive which would seem to have eluded us as a country, as a people, as black people.