By Udeme Akpan
Despite its over 200 trillion standard cubic feet, scf of gas reserves, Nigeria’s daily gas production dropped to 7,574.68 million metric standard cubic feet, mmscf in 2020, based on data collated from the monthly reports of the Nigerian National Petroleum Corporation, NNPC.
Year-on-Year, YoY, the output produced by the Joint Ventures, JV, Production Sharing Contracts companies and Nigerian Petroleum Development Company, NPDC, showed a drop of 4.43 per cent compared to 7,918.34 mmscf produced in the corresponding period of 2019.
However, on Quarter on Quarter, QoQ, the nation recorded 7,99.93 mmscf in the first quarter (January – March) of 2020, indicating a decrease of 2.69 per cent compared to 8,218.91 produced in the corresponding period of 2019.
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Nigeria’s daily gas production drops to 7,574.68 mmscf Investigation
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By Udeme Akpan
Despite its over 200 trillion standard cubic feet, scf of gas reserves, Nigeria’s daily gas production dropped to 7,574.68 million metric standard cubic feet, mmscf in 2020, based on data collated from the monthly reports of the Nigerian National Petroleum Corporation, NNPC.
Year-on-Year, YoY, the output produced by the Joint Ventures, JV, Production Sharing Contracts companies and Nigerian Petroleum Development Company, NPDC, showed a drop of 4.43 per cent compared to 7,918.34 mmscf produced in the corresponding period of 2019.
However, on Quarter on Quarter, QoQ, the nation recorded 7,99.93 mmscf in the first quarter (January – March) of 2020, indicating a decrease of 2.69 per cent compared to 8,218.91 produced in the corresponding period of 2019.
Vanguard News
Lack of funds, feedstock, hinder construction of 32 refineries
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By Udeme Akpan, Energy Editor
AS Nigeria continues to record high level of expired refinery licences, experts, Tuesday, identified lack of funds and feedstock, as factors militating against the construction of new plants.
The experts, who expressed their positions in different interviews with Vanguard, said such investors have the right to reapply for the renewal of their licences.
Specifically, in an interview with Vanguard, Lead Promoter, EnergyHub Nigeria, Dr. Felix Amieyeofori, said: “The investors encounter many problems, including lack of funds and feedstock. But the good thing about it is that they have the right to reapply.”