October 03, (THEWILL) – As global markets recover from the Covid-19 pandemic, LNG markets globally are tightening, with demand growth led by anticipated surge in Asian and Latin America demand.
According to key Industry participants at the recent Gastech summit held in Dubai, the longer-term outlook is robust, driven particularly by markets in Asia as gas provides about one-quarter of the world’s energy supply and continues to play a critical role in the global energy system.
Global demand for LNG has witnessed a significant jump in recent times. While speaking on the sidelines of Gastech 2021, Taleveras Global Head of Gas, Igho Sanomi, said: “There is hardly any other energy source that provides such broad wins, being that gas is used for heating, cooling and cooking in our everyday lives. It energizes heavy industries, contributes to key economies and keeps emissions at very impressive minimal levels.”
Sanomi said, Taleveras in the last 5 years, have taken a long term view on the future of Gas and pursued itd business plan aggressively.
“This greatly propelled our pursuit and development of a strong LNG portfolio at a time when most market participants had little belief in the future of LNG. In essence, we called the LNG market correctly and still continue to keep a long term view. It has been a challenging Journey so far, primarily due to extreme levels of market volatility, coupled with disruption and supply challenges in Nigeria, but overall we remain firm, resolute and optimistic in our strategy to pioneer the involvement of Nigerian and African owned establishments in global LNG trades”, he added.
The Company said it is still looking to cement its role as Africa’s leading independent trader of Liquefied Natural Gas, the fastest growing fossil fuel.
It added that plans are on to increase and expand its supply sources of LNG in other to maintain a vibrant portfolio to super such demand growth.
“As the world continues to deal with the severe impacts of market demand and the impact of Covid-19, the fundamentals are supported by a growing population and energy demand, LNG will continue to remain a high growth industry based on a growing economy worldwide”, Taleveras Senior Trader on LNG, had said during a presentation.
To many industry watchers and analysts, Taleveras, which has enjoyed success since its incorporation in the late nineties, has had to navigate innumerable challenges in the ever-volatile Oil and Gas industry.
Today, the company is increasingly gaining a respected position as a resilient company that keeps thriving in the Gas Markets.
About the Author
Olaolu OLUSINA is the Editor, THEWILL Newspaper.
