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FG's N5bn Gas Fund Dormant at GACN as Shortages Cripple Power Generation, Supply – THISDAYLIVE

FG's N5bn Gas Fund Dormant at GACN as Shortages Cripple Power Generation, Supply – THISDAYLIVE
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The Changing Landscape For Nigeria's Strategic Gas Aggregator - Energy and Natural Resources


Introduction
On 28th September, 2020, the Presidency submitted the Petroleum
Industry Bill 2020 (
the Bill ) to the
National Assembly for consideration. This is the latest version of
the Bill after several previous efforts, dating back to almost two
decades, to enact a new body of laws for the petroleum industry
failed in the past. The Bill retains most of the functions and
powers of the gas aggregator, a role currently being performed by
Gas Aggregation Company of Nigeria (GACN) in the Nigerian gas
sector. There are, however, certain changes introduced by the Bill
that could affect the structure and operations of GACN. ....

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