Igho Sanomi Says Taleveras Resolute to pioneer African Participation in LNG Trades
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As one of the first major event in the United Arab Emirates (UAE) post COVID pandemic, Dubai witnessed the stylish and warm gathering of major gas companies attending the Gastech, hosted by His Highness Sheikh Mohammed bin Rashid Al Maktoum, ruler of Dubai, last week.
Speaking on the sidelines of Gastech 2021, Taleveras Global Head of Gas, Igho Sanomi, stated that: “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. At Taleveras over the last 5 years, we have taken a long term view on the future of gas and pursued our 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 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”.
Sanomi’s comment was greeted with enthusiasm at the event, his company is pioneering participation of African owned companies in global Liquefied Natural Gas, (LNG) markets, a space devoid of active African owned trading participants.
Taleveras said it is still looking to cement its role as Africa’s leading independent trader of LNG the fastest growing fossil fuel. It said it plans to increase and expand its supply sources of LNG in other to maintain a vibrant portfolio to support such demand growth. Taleveras recently became the first African owned company to establish a long term supply contract of LPG from a Mont Belvieu, USA facility.
“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,” a 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 evervolatile and political oil and gas industry. Today Taleveras is increasingly gaining a respected position as a resilient company that keeps thriving on in the gas markets.