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Re: maestro224 post# 45481

Wednesday, 04/19/2006 2:26:59 PM

Wednesday, April 19, 2006 2:26:59 PM

Post# of 361984
Maestro: Gas is no longer worthless over there - Nigerian LNG trains under construction may take much of associated gas, witness EEL exploring for gas for these. It is a side effect of capitalizing on elimination of flaring and exploitation of gas reservoirs in Nigeria - it becomes very doable to lay pipe 100-150 miles from offshore locations to LNG liquefaction trains. Parallel would be Gulf of Mexico where such lines hook into trunk lines to consumers across the US.

A couple of years ago the perception was indeed one of gas being worthless. But believe that "Times are a changin'" as Bob Dylan would sing, even for Nigeria. All JMHO.



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