Dr Terrence Farrell

MONOPOLISTIC ROLE: Dr Terrence Farrell

ECONOMIST Dr Terrence Farrell believes the role of State-owned National Gas Company (NGC) needs to be re-examined and that the price the NGC pays to upstreamers for natural gas should be disclosed.

He is of the view that the NGC should be relieved of its monopolistic role as provider of natural gas to the downstream petrochemical sector and argues that in the long run, the company should give up some of its revenue to sustain and build the sector. Farrell argued that this position has already been articulated by two natural gas master plans; the first by Gaffney Cline and Associates in 2002 and the second by Poten and Partners in 2015.

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