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NNPC increases gas supply to power sector by 19%

petrol pump e1486130275546 1 1 NNPC increases gas supply to power sector by 19%

The Nigerian National Petroleum Corporation (NNPC), Thursday, announced an increase of 19.14 percent in the average daily natural gas supply to power plants in April 2020, which translated to 788 million standard cubic feet of gas per day (mmscfd), an equivalent to power generation of 2,873 megawatts (MW).

In a statement on its Monthly Financial and Operations Report (MFOR) for April 2020, Group General Manager, Group Public Affairs Division of the NNPC, Dr. Kennie Obateru, stated 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 percent 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 percent was supplied to gas-fired power plants, while the balance of 445.31mmscfd or 36.12 percent was supplied to other industries.

Similarly, he added 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 percent of the total, as gas supply to the power plants and 506.42 mmscfd or 42.76 percent, 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 added that period-to-date production from Joint Ventures (JVs), Production Sharing Contracts (PSCs), and Nigerian Petroleum Development Company (NPDC) contributed about 69.57 percent, 21.46 percent, and 8.97 percent respectively to the total national gas production.

Furthermore, the NNPC spokesperson indicated that in the downstream sector, a total of 0.94 billion liters 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 to achieve smooth distribution of petroleum products and zero fuel queue across the nation.

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

According to him, the Atlas Cove-Mosimi stretch accounted for 55 percent, while Mosimi-Ore recorded 22 percent and other locations make up for the remaining 23 percent.

He added that: “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, and export receipt of $193.05million was recorded in April 2020.

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

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