Released on = December 15, 2006, 3:35 am

Press Release Author = RNCOS

Industry = Energy

Press Release Summary = Nigerian government plans to export more LNG (Liquefied
Natural Gas) in order to make its presence felt in the international market.

Press Release Body = The government of Nigeria has plans to export more LNG
(Liquefied Natural Gas) so as to capture considerable share in the global market,
and also increase revenue for the nation.

A project accomplished by the NLNG (Nigeria LNG Ltd) has brought in revenues of over
US$ 3.6 Billion to Nigeria. Also, some money has been plowed back for further
expansion of Nigeria’s gas sector, as per Funsho Kupolokun -Nigerian National
Petroleum Corporation’s group MD on November 4, 2006.

Funsho Kupolokun further added that the strategy, which was adopted to seize the
market, would focus on the developing LNG market and export pipelines of gas.

LNG business is fiscally attractive with minimum price of gas currently ranging from
US$ 2.50 to US$ 3.50 per mcf (Million Cubic Feet). Since demand is already on rise,
plus gas reserves are depleting in consuming countries, it’s expected that the
prices of gas will stabilize at a price range making LNG economically more
attractive in future. Presumably, prices of natural gas will be sustained remarkably
higher than this range till the time Liquefied Natural Gas turns out to be a reality
in a colossal way.

As per the views expressed by a senior Research Analyst at RNCOS, who has recently
researched a report on \"Future Outlook for Global LNG Market (2010)”, since
the petrol prices are uncertain, demand for LNG market is rising and for overcoming
the scarcity in the consumption of LNG countries are tracking for LNG supply. In
such a scenario if Nigeria has plans for exporting the LNG, it has a vast
opportunity of earning bulks of revenues from it.

Key findings of and issues covered in the “Future Outlook for Global LNG
Market (2010)” report include:

- Atlantic LNG market is growing at faster pace as compared to Asia-pacific market.
- Role of Middle East is rising rapidly as LNG importer.
- Japan and Korea were the largest importers of LNG in 2005.
- Get an insight into the trends in market performance.
- Pinpoint sectors of growth and identify the driving factors.

About the report

The report further provides research and objective analysis on Global LNG Industry.
It helps clients to analyze the opportunities, and factors critical to the success
of this industry and potential markets for LNG market.

About RNCOS:

RNCOS, incorporated in 2002, provides Market Research Reports for your business
needs and aims to put an end to your information pursuit. Our expertise in gathering
global business information for industry research, corporate training, growth
consulting, and business consulting, brings reputed companies and firms to us for
business enhancement solutions. We can be your one-stop-shop for Industry research
information and niche market analysis.

For more information visit: http://www.rncos.com/Report/IM07593.htm

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