By Udeme Akpan & Sebastine Obasi With its 202 trillion standard cubic feet of gas reserves, many global stakeholders had expected Nigeria to harness adequate gas for domestic use and export before 2020 for many reasons. First, its gas reserves are in excess of oil, estimated at 37 billion barrels. Second, gas is a cleaner […]

By Sebastine Obasi There are indications that Nigeria’s compressed natural gas, CNG, deficit may not abate in the near future as inappropriate pricing, poor state of infrastructure and non-existence of a regulating agency are yet to be settled. Outlining these challenges during a visit to NIPCO facilities in Benin, Edo State, Managing Director, NIPCO Gas […]

…Hinders generation of 66,645mw in three weeks …Indicates an increase of 45.4% By Udeme Akpan Despite Nigeria’s huge proven gas reserves of 202 trillion standard cubic feet, lack of gas has constrained the generation of 66,645 megawatts, MW, and by extension supply, in the first three weeks of February 2020. This showed an increase of […]

By Michael Eboh Petroleum products marketers, under the aegis of Natural Oil and Gas Suppliers Association of Nigeria, NOGASA, said they have entered into discussions with financial institutions in the country to help finance the Local Purchase Order, LPO, of its members. Addressing reporters in Abuja, after the group’s National Executive Council, NEC, meeting, National […]

By Ediri Ejoh The Federal Government has slashed the price of crude oil export for the month of March as no Nigerian cargo is sailing to China in February. Nigeria is becoming increasingly dependent on European demand and the Nigerian National Petroleum Corporation, NNPC, has effectuated an across-the-board price cut on its March 2020 official […]