Op­po­si­tion Chief Whip David Lee says it is time Mark Lo­quan re­signs at pres­i­dent of the Na­tion­al Gas Com­pa­ny.

Lee, who is the Unit­ed Na­tion­al Con­gress' shad­ow min­is­ter of en­er­gy, says Lo­quan's tenure at the helm of the state-owned com­pa­ny has been a fail­ure.

He made the com­ments dur­ing a vir­tu­al press con­fer­ence held by the UNC to­day to ad­dress is­sues high­light­ed in a Guardian Me­dia ex­clu­sive which stat­ed that the NGC board was seek­ing per­son­al in­dem­ni­ty fol­low­ing the pos­si­bil­i­ty of the com­pa­ny los­ing hun­dreds of mil­lions in an ill-fat­ed LNG deal.

"I would call on the res­ig­na­tion of Mr Lo­quan be­cause first­ly we un­der­stand that Mr Lo­quan's con­tract was re­newed re­cent­ly with­out en­tire board over­sight and Mr Lo­quan's con­tract, or his per­for­mance over the years since he be­came pres­i­dent of NGC has been a fail­ure," Lee said.

Lo­quan was ap­point­ed NGC pres­i­dent in Sep­tem­ber 2016.

"Now Mr Lo­quan, from what we un­der­stand is a very good pro­cure­ment in­di­vid­ual that was his spe­cial­i­ty when he was at Yara. He is now run­ning a bil­lion dol­lar com­pa­ny that gives healthy div­i­dends to this coun­try and Mr Lo­quan's per­for­mance has been a fail­ure in the Op­po­si­tion view and it is time that Mr Lo­quan re­signs," he said.