After years of strategic planning, the Federal Ministry of Petroleum Resources (FMPR) will today, Monday, February 10, 2020, formally launch the National Gas Transportation Network Code (NGTNC).
The unveiling, Business Hilights gathered, would form key part of the opening ceremony of the 3rd edition of Nigeria International Petroleum Summit (NIPS) taking place at the International Conference Centre (ICC) Abuja.
Before now, industry experts and stakeholders’ had been harping for the code as the NGTNC remains very critical to government’s objective in firming up the country’s domestic gas obligation as well as promoting export.
The network code which will ensure that the wrong quality gas does not go into the pipeline in addition to guaranteeing gas pipeline integrity, open access to pipeline and common understanding on metering.
Besides, the code will also provide a uniform platform in terms of guidelines for agreements between buyers and sellers which will ensure transparency and eliminate existing bottlenecks. It is a major policy thrust of government to unlocking the potentials of gas as a resource and revenue earner for Nigeria which President Buhari in his capacity as the Honourable Minister of Petroleum Resources and Minister of State for Petroleum Resources, Chief Timipre Sylva are very passionate about it.
Moreover, experts say the code will among other things; place Nigeria on a better pedestal to deepen the ongoing declaration of 2020 as the year of Nigerian Gas Revolution.
In a statement made avaliable on the DPR website, said “The Nigerian Gas Transportation Network Code which is critical to government’s objective in firming up the country’s domestic gas obligation as well as promoting export. The network code which will ensure that the wrong quality gas does not go into the pipeline in addition to guaranteeing gas pipeline integrity, open access to pipeline and common understanding on metering.
“The review of the Network Code licensing framework and development of all its ancillary agreements have been firmed”, says DPR.
The code will also provide a uniform platform in terms of guidelines for agreements between buyers and sellers which will ensure transparency and eliminate existing bottlenecks. It is a major policy thrust of government to unlocking the potentials of gas as a resource and revenue earner for Nigeria which President Buhari (Honourable Minister of Petroleum Resources) and Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva are very passionate about it.
Immediately after the launch of the National Gas Transportation Network Code at NIPS, a panel session to be moderated by Saidu Mohammed will drill deeper the understanding of policy by stakeholders will follow suit. The panelists include; Abel Nsa DPR; Mrs Audrey Joe-Ezigbo, Nigerian Gas Association (NGA); Mrs Maryam Shehu, OPTS and Dr Salihu Jamari, Managing Director, Nigerian Gas Company (NGC).
According to the DPR in its latest report, Nigeria’s natural gas reserves has been on the increase from 2013 and is projected to continue to grow at a conservative rate of about 1.0%. It said the reserves volume of the operated deep-water acreages in Nigeria is about 21% of the country’s total reserves of liquid hydrocarbons (7.746 BillionBbls/37.002BillionBbls)
