“We have extended our Direct Sales Direct Purchase (DSDP) contract by six months, to sustain supply of PMS through the country. The DSDP contract in reality ended in August and it is very dangerous period to begin to retender for that because we are facing the winter, these are the difficult “embers months’’ that we normally avoid fuel scarcity.
The Nigeria-Morocco 700 kilometers gas pipeline project kicked off in Rabat, Morocco on Thursday with the signing of a Memorandum of Understanding (MoU) between Nigeria National Petroleum Company, NNPC, Limited, the Office National des Hydrocarbures et des Mines (ONHYM) of Morocco and the Economic Commission of West Africa States, ECOWAS.
According to NLNG’s Managing Director and Chief Executive Officer, Dr Philip Mshelbila, the Company had signed an MoU with UNEP in the last quarter of 2022, stating that the signing demonstrated the Company’s commitment to reduce methane emissions from its operations as part of its decarbonisation journey.
The new regulations are: Midstream and Downstream Petroleum Operations Regulations, 2023, Assignment or Transfer of License and Permit Regulations, 2023; Petroleum Measurement Regulations, 2023;. Gas Pricing and Domestic Demand Regulations, 2023; Petroleum (Transport and Shipment) Regulations, 2023 as well as Natural Gas Pipelines Tariff Regulations, 2023.
NDPHC, from data gathered by energy TIMES, was billed N854,104,159 million, having consumed 861,007.18 million cubic feet of gas in the month of January.
