Nige­ria’s gas pro­duc­tion stands at 236.97bcf

The Guardian (Nigeria) - - ENERGY - By Rose­line Okere

NIGE­RIA’S gas pro­duc­tion stood at 236.97 bil­lion cu­bic feet (bcf), trans­lat­ing to an av­er­age daily out­put of 7,899.01 mil­lion stan­dard cu­bic feet per (mm­scfd) in Novem­ber, 2017.

This rep­re­sents a 0.03 per cent de­crease com­pared to the pre­vi­ous month of Oc­to­ber 2017.

The Nige­rian Na­tional Pe­tro­leum Cor­po­ra­tion (NNPC), which made this dis­clo­sure in its monthly fi­nan­cial re­port for Novem­ber, said the daily av­er­age nat­u­ral gas sup­ply to power plants amounted to 743.06 mm­scfd, or equiv­a­lent to power gen­er­a­tion of 3,115 megawatts (MW).

The re­port in­di­cated that this is 7.98 per cent higher than the Oc­to­ber lev­els, and 32.92 per cent higher than the cor­re­spond­ing sup­ply recorded in Novem­ber 2016. NNPC said out of the 236.80bcf gas supplied in Novem­ber 2017, a to­tal of 136.65bcf of gas was com­mer­cialised com­pris­ing of 35.33bcf and 101.32bcf for the do­mes­tic and ex­port mar­ket re­spec­tively.

This, it said, trans­lates to an av­er­age daily sup­ply of 1,177.49 mm­scfd of gas to the do­mes­tic mar­ket, and 3,377.42mm­scfd to the ex­port mar­ket.

Ac­cord­ing to the re­port, about 57.71 per cent of the av­er­age daily gas pro­duced was com­mer­cialised, while the bal­ance of 42.49 per cent was re-in­jected, used as up­stream fuel gas, or flared.

Gas flare rate was 11.08 per cent in Novem­ber or 874.72mm­scfd com­pared with av­er­age the 10.90 per cent or 817.92mm­scfd flared in the one year pe­riod, Novem­ber 2016 to Novem­ber 2017.

It stated: “To­tal gas sup­ply for the pe­riod Novem­ber 2016 to Novem­ber 2017 stood at 2,993.23bcf out of which 402.43bcf and 1,733.38bcf were for the do­mes­tic and ex­port mar­ket re­spec­tively, and com­mer­cialised, while the gas rein­jected, fuel gas, and flared stood at 1,259.85bcf. “Out of the 1,177.49mm­scfd of gas supplied to the do­mes­tic mar­ket in Novem­ber 2017, about 743.06mm­scfd of gas rep­re­sent­ing 63.11 per cent was supplied to gas-fired power plants, while the bal­ance of 434.43mm­scfd or 36.89 per cent was supplied to other in­dus­tries. Year-on-year, an av­er­age of 1,021.64mm­scfd of gas was supplied to the do­mes­tic mar­ket com­pris­ing of an av­er­age of 630.79mm­scfd or (61.7 per cent) gas supplied to the power plants and 390.85mm­scfd or (38.26 per cent) gas supplied to in­dus­tries.

The Group Man­ag­ing Di­rec- tor, NNPC, Dr. Maikanti Baru, said the Cor­po­ra­tion is adopt­ing the Pub­lic Pri­vate Part­ner­ship (PPP) mod­els in build­ing and ex­pand­ing gas in­fra­struc­ture.

He said the devel­op­ment of the Ajaokuta-abu­jaKaduna-kano (AKK) Gas pipe­lines, which is the first in line un­der the ar­range­ment, would be built through con­trac­tor fi­nanc­ing, where the se­lected con­trac­tors would pro­vide fund­ing for the build­ing of the lines, and re­cover their cost through trans­porta­tion tar­iff.

NNPC Group Man­ag­ing Di­rec­tor, Dr. Maikanti Baru (right), in a warm hand­shake with Se­nate Ma­jor­ity Leader, Sen­a­tor Ahmed Lawal (left), who rep­re­sents Se­nate Pres­i­dent Bukola Saraki at the Pub­lic Hear­ing to­day in Abuja.

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