IPP Media: BG Group - Gas Projects Won't Delay Due to Fuel Price Slump
The BG Group has disagreed with the analytical report issued recently by Price Water House Coopers LLP (PwC) saying that the gas and oil projects in Africa (offshore Tanzania in particular) are likely to delay or collapse altogether due to the current slump in oil price.
Speaking in an exclusive interview with ‘The Guardian’ at the Pan-African Conference on Oil and Gas Vocational Training Initiative-VTEC, BG Group Tanzania country manager Adam Prince said that huge and long term investment in oil and gas projects support improvement even at this time when fuel price in the world market have dropped significantly.
“When you are investing in oil and gas, you cannot plough in money in a short term investment plan, the fall in oil prices at the world market won’t affect us because our investment is huge and are in long term plan which cannot be disturbed by the fall in fuel prices,” he said.
Read the full article HERE.