He explained the location and economic growth of
He noted that harnessing the nation's potential with its local partners would help place
These considerations, he stated, influenced the company to choose
Jeon said: 'We are not alone in our observations. In its recently published African Energy Outlook Report 2020, the African Energy Chamber outlined
Jeon acknowledged the efforts of the Executive Secretary of the Nigerian Content Development and Monitoring Board (NCDMB), Mr. Simbi Wabote, in pushing to expand the Nigerian Local Content Act into new sectors of the economy, including power, construction and ICT.
According to him, this also presents a tremendous opportunity for natural gas as a power generation resource in areas which lack some of the needed infrastructure.
He called on the leading international companies in
'I say this from experience, having led SHIN's efforts to construct the flagship of the Nigerian offshore oil sector, the Egina FPSO. Before the Egina project, most maritime construction for African oil and gas projects took place outside of
'The Egina proved that strict local content rules can work and produce international quality results. Following the Egina project, we are now focusing on leveraging our experience in local content and vessels for the oil and gas sector to complete work for other Nigerian oil fields such as Bonga South-west and the HI-Block project.
'We are also committed to supporting the development of LNG projects by constructing Floating LNG platforms.
'This will help countries develop gas-to-power projects to meet rising electricity demand while also reducing wasteful gas flaring. Like its parent company,
© Pakistan Press International, source