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NNPC increases gas supply to power sector by 19%

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NNPC increases gas supply to power sector by 19%


NNPC

By Edith Ike-Eboh

Abuja, July 9, 2020 (NAN)The Nigerian National Petroleum Corporation (NNPC)  has announced an increase of 19.14 per cent in the average daily natural gas supply to power plants in April 2020.

The Corporation disclosed this on its Monthly Financial and Operations Report (MFOR) for April released in Abuja on Thursday.

It said the increase translated to 788 million standard cubic feet of gas per day (mmscfd), an equivalent to power generation of 2,873 megwatts (MW).

It noted that a total of 226.51 billion Cubic Feet (BCF) of natural gas was produced in April, translating to an average daily production of 7.786 BCF per day.

According to the report, the figure indicates an increase of 3.73 per cent at 226.51 BCF, compared to the output in March.

It added that out of the figure, a total of 136.44 BCF of gas was commercialised, consisting of 36.99 BCF and 99.45 BCF for the domestic and export market, respectively

“Out of the 1.233 BCF per day of gas supplied to the domestic market in April, about 787.70 mmscfd, representing 63.88 per cent was supplied to gas-fired power plants.

“The balance of 445.31mmscfd or 36.12 per cent was supplied to other industries,’’ it said .

Similarly, the report revealed that  for the period of April 2019 to April 2020, an average of 1.184 BCF per day of gas was supplied to the domestic market.

This, it said, comprised an average of 677.87 mmscfd or 57.24 per cent of total, as gas supply to the power plants and 506.42 mmscfd or 42.76 per cent, as gas supply to industries.

“For the period of April 2019 to April 2020, a total of 3.0823 trillion standard cubic feet (TCF) of gas was produced, representing an average daily production of 7.857 BCF per day during the period,’’ it said.

It added that from the period-to-date, production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and Nigerian Petroleum Development Company (NPDC) contributed about 69.57 per cent, 21.46 per cent and 8.97 per cent respectively to the total national gas production.

On the downstream sector, it noted that a total of 0.94 billion litres of Premium Motor Spirit (PMS) also known as petrol, translating to 31.37 million liters per day, was supplied for the month under review.

It added that the corporation had continued to diligently monitor the daily stock of petrol to achieve smooth distribution of petroleum products and zero fuel queue across the nation.

In the period under review, it revealed  that 65 vandalized pipeline points were reported, a marked increase from the 19 points recorded in March 2020.

It said that the Atlas Cove-Mosimi stretch accounted for 55 per cent, while Mosimi-Ore recorded 22 per cent and other locations make up for the remaining 23 per cent.

The MFOR indicated that in April, NNPC remitted the sum of N219.16 billion to the Federation Account, reflecting the naira proceeds from the sale of domestic crude oil and gas.

“In terms of dollar receipts, an export receipt of 193.05 million dollars was recorded in April.

“The NNPC remains committed to sustaining effective communication with stakeholders through publication of its Monthly Financial and Operations reports on its website and in national dailies.

“This is in line with the concept of Transparency, Accountability and Performance Excellence (TAPE) agenda of NNPC Management.” It added. (NAN)

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Edited By: Wale Ojetimi (NAN)

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Edith Ike-eboh: is a graduate and a professionally trained journalist, with experience in national news reporting/editing and verification at the News Agency of Nigeria. NNN is a Nigerian online news portal that publishes breaking news in Nigeria, and across the world. Our journalists are honest, fair, accurate, thorough and courageous in gathering, reporting and interpreting news in the best interest of the public, because truth is the cornerstone of journalism and they strive diligently to ascertain the truth in every news report. Contact: editor[at]nnn.com.ng

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