Audio By Carbonatix
The Executive Director of the Institute for Energy Security (IES), Nana Amoasi VII, says both political and personal interests are contributing factors to the damage of the power sector.
According to him, natural gas from our own fields is sometimes flared or rejected, which is a lost opportunity.
In an interview with Joy FM’s Super Morning Show, Nana Amoasi VII indicated that, at times, the gas is available, but the transmitter may refuse to transmit it due to financial constraints in the sector.
“So, because we are not getting much from our own domestic sources, and sometimes we could even have the gas, but the transmitter (WABCO) may refuse to transmit it. We saw a letter three days ago indicating that they want to undertake some pipeline cleaning and other activities. That becomes a restriction on gas flow,” he said on Monday, November 25.
Nana Amoasi VII added that they occasionally restrict the flow of gas by closing valves or resorting to false maintenance with the intention of forcing the government to pay.
He asserted that, at times, the government seems unconcerned because they believe they can rely on liquid fuel supply, which creates an opportunity for individuals to make money.
"I am sure the government sometimes doesn’t care because they believe they can resort to liquid fuel supply, which creates an opportunity for someone to make money,” he remarked.
Nana Amoasi VII also added that, despite the country having a domestic natural gas supply supported by Nigerian Gas, it is mismanaged by those in authority.
“It is still the same mismanagement we are talking about. Even though we have a domestic natural gas supply supported by Nigerian Gas, we still resort to liquid fuel because that is where the interest lies, and because we have not been sound and efficient in managing the financial space of the sector,” he said.
Latest Stories
-
Matthew McConaughey trademarks iconic phrase to stop AI misuse
3 hours -
Song banned from Swedish charts for being AI creation
3 hours -
Barcelona reach Copa del Rey quarter-finals
3 hours -
Players need social skills for World Cup – Tuchel
3 hours -
Labubu toy manufacturer exploited workers, labour group claims
3 hours -
Lawerh Foundation, AyaPrep to introduce Dangme-language maths module
4 hours -
US forces seize a sixth Venezuela-linked oil tanker in Caribbean Sea
4 hours -
Votes being counted in Uganda election as opposition alleges rigging
4 hours -
Ntim Fordjour accuses government of deliberate LGBT push in schools
4 hours -
National security task force storms ‘trotro’ terminals to halt illegal fare hikes
4 hours -
U.S. visa restriction development for Ghana concerning – Samuel Jinapor
4 hours -
Uganda election chief says he has had threats over results declaration
4 hours -
Quality control lapses allowed LGBT content into teachers’ manual – IFEST
4 hours -
Akufo-Addo’s name will be “written in gold” in Ghana’s history in the fullness of time – Jinapor
4 hours -
Tread cautiously about financial hedging – US-based Associate Professor to BoG
4 hours
