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Sections News Editorial/Opinion Cover Choice Arts & Life Business Politics Sports   Subscription Form Click here         Daily Independent Online.         * Wednesday, August 11, 2004. Jamieson estimates world’s LNG demand at 28% by 2025 By Charles Okonji Senior Business Correspondent, Lagos   The Managing Director of Nigerian Liquefied Natural Gas (NLNG), Mr. Andrew Jamieson, has said that the world’s demand for liquefied natural gas would increase to 28 per cent by 2025. Jamieson, who disclosed this at the just-concluded Society of Petroleum Engineers’ (SPE) conference, said that because of the growing demand for  natural gas from 2.5 per cent to three per cent per annum between now and 2025, the world’s energy requirement would rise to 28 per cent because of the cheapness, cleanness and safety of gas. He said that NLNG had distinguished itself as “the country’s largest consumer of associated gas,” which would otherwise have been flared and wasted, adding that gas, by the next decade, would be the fuel of choice. Well-positioned as a major exporter of LPG to the Atlantic Basin, he explained that NLNG’s existing “three trains can operate on 100 per cent associated gas, an average of 1.45 billion standard cubic feet per day, which is equivalent to more than half the gas currently flared in Nigeria.” Jamieson, who was represented by NLNG’s General Manager, Production, Dr. Brian Buckley, added that NLNG’s ability to reduce gas flaring would increase steeply when trains four and five project is completed next year and train six in 2007. He pointed out that with the new challenges, facing NLNG, which has increased the focus on natural gas marketing trends, the NLNG’s train six would   produce over 21 million tonnes yearly in 2007, more than three and half times of its 2001 installed capacity. The company will, by 2006, increase its vessels, which are currently 75 liquefied natural gas carriers, to 130 carriers because of the demand for gas in the international market. BGT Shipping Services Limited, a subsidiary of NLNG, which is the third ship owner in the world, would not only increase the company’s cargo capacity,   it would also have a breach in the traditional type of propulsion for LNG carriers from steam to electric propulsion.       Copyright� 2002. All Rights Reserved Independent Newspapers Limited Block5, Plot 7D, Wempco Road, Ogba, P.M.B. 21777, Ikeja, Lagos State, Nigeria. www.independentng.com e-mail: [email protected]

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