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National gas transportation network inaugurated in Nigeria

National gas transportation network inaugurated in Nigeria

The Nigerian government has inaugurated the national gas transportation network that sets out the terms and gas transportation specifically between gas producers, shippers and their agents

NNPC said the inauguration of the network code was an opportunity to enhance gas delivery.

The objectives according to the, Timipre Sylva, Junior Minister, Petroleum is that it would  help to grow the gas infrastructure, expand gas utilisation, curb gas flaring and provide codes to standardise the gas value chain in line, and go a long way in deepening economic development, improve gas supply and  attract more investment opportunities in the nation’s gas value chain.

Sylva said, “It is my firm belief that the implementation of the network code which is a set of rules and principles guiding the use of and operations of gas transportation network system will deepen the domestic gas market. It will also unleash the potentials of accelerated growth and economic development for our nation.

In the coming months, this code together with related intervention will improve gas supply to power, growth of gas based industries, domestic Liquefied Natural Gas, LNG, Liquefied Petroleum Gas, LPG, Compressed Natural Gas, CNG penetration, as well as enhance revenue to the government and create investment opportunities for our people.”

Slyva said the Nigerian Petroleum Resources, the government organ in the Petroleum Resources Ministry with the statutory responsibility of ensuring compliance to petroleum laws, regulations and guidelines, had developed the Network Code Electronic Licensing and Administrative System, NCELAS, which would be used by the regulator to receive process and issue all applicable licenses to all network players as well as administer all regulatory roles required to ensure the optimal market impact.

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Source: OilReviewAfrica

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