By Anthony Isaac
The Ministry of Petroleum Resources in conjunction with Department of Petroleum (DPR) will formally launch the National Gas Transportation Network Code on Monday, February 10 2020 as part of the opening day of the 3rd edition of Nigeria International Petroleum Summit holding in Abuja.
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.
A statement by the organisers in Abuja on Wednesday said 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 statement quoted the DPR as saying that “the review of the Network Code licensing framework and development of all its ancillary agreements have been firmed”.
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 Muhammadu Buhari and Minister of State for Petroleum Resources, Chief Timipre Sylva were very passionate about it.
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). Yet the acreages accounted for about 36.08% of the Nation’s total production in 2018.
