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NNPC boosts power sector with 19 percent gas supply increase 

…supplies 788m mmscfd of gas per day  for 2,873 megawatts generation  …remits N219.1bn to Federation Account in April

 

In a bid to boost the nation’s power generation, the Nigerian National Petroleum Corporation (NNPC) says it has increased daily natural gas supply to power plants by 19.14 per cent.

 

This translates to 788 millon standard cubic feet of gas per day (mmscfd), an equivalent to power generation of 2,873 megwatts (MW) as contained in its Monthly Financial and Operations Report (MFOR) for April, 2020.

 

The Group General Manager, Group Public Affairs Division of the NNPC, Dr Kennie Obateru, announced that a total of 226.51 billion Cubic Feet (BCF) of natural gas was produced in April 2020, translating to an average daily production of 7.786 BCF per day.

 

According to him, the figure indicated an increase of 3.73 per cent at 226.51 BCF, compared to the output in March 2020, adding that out of this figure, a total of 136.44 BCF of gas was commercialized, 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 2020, Obateru explained that about 787.70 mmscfd, representing 63.88 per cent was supplied to gas-fired power plants, while the balance of 445.31mmscfd or 36.12 per cent was supplied to other industries.

 

On domestic gas supply, Obateru disclosed 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, comprising 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, Obateru revealed that 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, he said in a statement obtained by PerSecondnews.

 

Obateru also said 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, he said a total of 0.94 billion litres of PMS, translating to 31.37 million liters per day, was supplied for the month, adding that the corporation has continued to diligently monitor the daily stock of petrol for smooth distribution of petroleum products and ensure zero fuel queue across the nation.

 

The report also states that 65 vandalized pipeline points were recorded, a marked increase from the 19 points recorded in March 2020.

 

According to him, 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 57th edition of the MFOR indicated that in April 2020, 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 $193.05million was recorded in April 2020.

 

“The NNPC remain committed to sustaining effective communication with stakeholders through publication of its Monthly Financial and Operations reports on its website and in national dailies in line with the concept of Transparency, Accountability and Performance Excellence (TAPE) agenda of NNPC Management,” the report said.

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Written by Per Second News

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