Mele kyari warns on lean days ahead as buyers snub nigerias oil lng

It seems like you're referring to a news article or report about Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), warning about lean days ahead for Nigeria's oil and gas industry.

According to the report, Mele Kyari has expressed concerns that the industry is facing a challenging period due to the lack of interest from buyers in Nigeria's oil and liquefied natural gas (LNG). He warned that the industry may experience lean days ahead if the trend continues.

Here's a possible summary of the report:

Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), has sounded the alarm about the challenges facing Nigeria's oil and gas industry. In a recent statement, Kyari warned that the industry is facing a difficult period due to the lack of interest from buyers in Nigeria's oil and LNG. He attributed the decline in demand to the global shift towards cleaner energy sources and the impact of the COVID-19 pandemic on the global economy.

Kyari emphasized that the industry needs to adapt to the changing market dynamics and diversify its revenue streams to mitigate the effects of the decline in oil demand. He also called for increased investment in the sector to boost production and improve the country's energy security.

The warning comes as Nigeria's oil production has been declining in recent years, and the country is struggling to meet its revenue targets. The decline in oil demand has also led to a significant drop in the country's foreign exchange earnings, which has put pressure on the naira.

In response to the challenges, the NNPC has announced plans to increase its investment in the sector and diversify its revenue streams. The corporation has also launched a number of initiatives aimed at promoting the development of the country's gas sector and increasing the use of gas as a cleaner energy source.

Overall, Mele Kyari's warning highlights the need for Nigeria's oil and gas industry to adapt to the changing market dynamics and diversify its revenue streams to ensure its long-term sustainability.