#Country Updates #News #Nigeria #Upstream Oil & Gas News

Nigeria To Consider Willing Seller, Willing Buyer Scheme In Gas Sector

Nigeria is considering a proposal of Willing Seller, Willing Buyer in the gas sector, whereby producers and consumers of natural gas alike can agree on gas prices, whereas the product will be available at all times.

The minister of state petroleum resources, Mr. Timipre Sylva who dropped the hint during a webinar hosted by the Nigerian Association of Petroleum Explorationists (NAPE) said however that special protections will be built in to ensure supply to wholesale customers in strategic sectors.

The strategic sectors include the power sector, gas-based industries and commercial sectors with significant off take possibilities.

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Source: OrientEnergyReview

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