-
Nigeria must remain competitive, says Sangster
- Government must work with stakeholders in the international market
At the Nigerian International Petroleum Summit (NPS), the Managing Director, Total E&P, Mr Mike Sangster, has stated that Nigeria must strive to remain competitive in the emerging global energy market. He acknowledged the global transition to renewable energy; however, he stated that the world must work together to maintain a competitive and attractive oil and gas market to mitigate the effects of the pandemic.
”I think this really is a perfect opportunity for all the key actors, government regulators, national companies, private companies and all the suppliers to the industry to work together to ensure that Nigeria is competitive in the international landscape, and as an attractive destination for investment”, Sangster said.
“This is the decade of gas. And I think this would consequently boost investor confidence and attract investment to grow the industry for the benefit of all stakeholders and all Nigerians. So, the OPTS remains committed as a trusted partner of the government and all stakeholders in the industry to move the industry forward”, added Mr Sangster.
The Minister of State, Petroleum, Timipre Sylva, agreed with Mr Sangster and added that Nigeria must continue to explore its gas resources while making a gradual transition in line with the global renewable energy push.