Royal Dutch Shell Plc, set to dominate the seaborne natural gas trade with the BG Group Plc takeover, will probably stay focused on building a Canadian shipping terminal, said TransCanada Corp. Chief Executive Officer Russ Girling.
Auditing giant KPMG has warned the Federal Government of the dangers of not investing in the upstream oil sector and the threat of shale oil to the country’s revenue drive.
The Partner and Global Chairman, Energy and Natural Resources Sector, KPMG, Mr. Michiel Soeting, has said that the discovery of shale gas in the United States, which is a major importer of Nigeria’s crude oil, would pose a threat to Nigeria and at the same time provides an opportunity for the country to diversify its economy.
With all eyes on Africa as the final frontier for the world’s natural resources and the discovery of massive gas deposits in southern and eastern Africa, governments in these markets have come to realise the potential for these reserves to stimulate their economies as well as to be used as an energy alternative.
Cheap, Clean And Controversial - Shale gas has the potential to turn the world's energy industry on its head.