Month: August 2020

Stakeholders push for early delivery of $2.8bn Ajaokuta-Kaduna-Kano gas pipeline

Stakeholders push for early delivery of $2.8bn Ajaokuta-Kaduna-Kano gas pipeline

Stakeholder in the Nigerian economy Tuesday clamoured for swift completion of the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline with a view to attaining rapid industrial growth and economic diversification. An economic think-tank drawn from the organised private sector, petroleum industry, regulatory agencies and academia, who partook in a webinar organised by Valuechain Magazine, enjoined the […]

NNPC to Increase Gas Production to 500,000 Cubic Feet Per Day

NNPC to Increase Gas Production to 500,000 Cubic Feet Per Day

The Nigerian National Petroleum Corporation (NNPC) has said that it will increase daily gas production from 260,000 to 500,000 standard cubic feet per day in the next two years. The Group Managing Director of the corporation, Mallam Mele Kyari revealed the plan recently while inspecting Oredo Integrated Gas Handling Plant Facility (IGHF), which belongs to […]

Domestic gas consumption gets a boost as NPDC completes gas plant

Domestic gas consumption gets a boost as NPDC completes gas plant

The Nigerian National Petroleum Corporation (NNPC) on Wednesday said it would reduce importation of Liquefied Petroleum Gas (LPG) into the country when the 100 million standard cubic feet of gas capacity facility at Oredo flow station in Benin City, Edo State, is commissioned. President Muhammadu Buhari, according to Mele Kyari, group Managing Director of the […]

NNPC Generates $4.60bn Revenue From Crude-Oil, Gas Export In One Year

NNPC Generates $4.60bn Revenue From Crude-Oil, Gas Export In One Year

The Nigerian National Petroleum Corporation (NNPC) on Sunday, says it made a total of $4.60billion from crude oil and gas export between June 2019 and 2020. It said in June 2020, the export receipt was $378.42 million as against the $133.16million recorded in May 2020. This was contained in the NNPC’s Monthly Financial and Operations […]

Nigeria to continue price control of gas in the new PIB- Minister

Nigeria to continue price control of gas in the new PIB- Minister

Producers and consumers of natural gas alike can agree on gas prices on a willing seller willing buyer basis, the Nigerian Minister of State for Petroleum has said. “However special protections are built in to ensure supply to wholesale customers in strategic sectors which are the power sector, gas-based industries and commercial sectors with significant […]

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