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Nairaland Forum / Nairaland / General / Business / Gas Production Rises By 31% In Three Months (8288 Views)
A.P. Moller – Maersk Grows Revenue By 31% To $10.1bn / Natural Gas Production Rise By 8% – NNPC / Nigeria’s Gas Production Rises As Shell Completes Project (2) (3) (4)
Gas Production Rises By 31% In Three Months by Truth234(m): 8:33am On Feb 12, 2017 |
The national production of gas in Nigeria has witnessed a consistent monthly rise following the gradual decline in the spate of vandalism of oil and gas facilities across the country. Specifically, the latest report from the Nigerian National Petroleum Corporation showed that the gas production rose by 55.1 billion standard cubic feet between September and November last year, representing 31.68 per cent increase. An analysis of the figures from the national oil firm revealed that during the peak period of pipeline vandalism between April and early August 2016, Nigeria’s gas production fell by 54.5BCF. This, however, started picking up in August when the country posted a total gas production of 173.9BCF. In September, October and November of last year, the production figures appreciated to 204.9BCF, 219.6BCF and 229BCF, respectively. The NNPC said, “Pipeline sabotage in the country continues to reduce due to the Federal Government and the NNPC’s sustained engagements with stakeholders. Only 43 downstream pipeline vandalised points were recorded in the month of November as against 101 in October 2016. This also represents 78.92 per cent reduction relative to November, 2015 (that is 204 vandalised points).” The NNPC also said, “In October, 2016, there was 56 per cent drop in the number of pipeline vandalised points relative to September, 2016 (from 179 vandalised points in September to 101 in October).” Similarly, the Minister of Power, Works and Housing, Mr. Babatunde Fashola, confirmed recently at an event in Abuja that the decline in vandalism had prompted a rise in electricity generation and noted that this would be much better if vandals desisted from pipeline vandalism. Fashola had said, “As the gas lines are back, we can immediately recover 3,000MW of power in addition to the 3,500MW that we have now. So, we will automatically be going to over 6,500MW. Therefore, we will continue to appeal to them in the way that the President and the Vice-President are appealing.” Meanwhile, the NNPC noted that a total of 229BCF of natural gas was produced in the month of November, 2016, translating to an average daily production of 7,629.90 million standard cubic feet per day. It stated that for the period of December 2015 to November 2016, a total of 2,628.41BCF of gas was produced, representing an average daily production of 7,184.14mmscfd during the review period. It added that production from the JVs, PSCs and NPDC contributed about 67.82 per cent, 24.31 per cent and 7.87 per cent, respectively, to the total national gas production in November. “Total gas supply for the period December 2015 to November 2016 stood at 316.89BCF and 1,131.61BCF for the domestic and export market, respectively,” the corporation said. It went on to explain that from the 849.8mmscfd of gas supplied to the domestic market in November 2016, about 528mmscfd of gas, representing 62.13 per cent, was used for gas-fired power plants while the balance of 321.8mmscfd or 37.87 per cent was supplied to other industries. “Similarly, for the period of December 2015 to November 2016, an average of 865.89mscfd of gas was supplied to the domestic market, comprising of an average of 538.04mmscfd or 62.14 per cent as gas supply to the power plants and 327.85mmscfd or 37.86 per cent as gas supply to industries,” it added. http://investorsking.com/gas-production-rises-31-three-months/ 1 Like 1 Share |
Re: Gas Production Rises By 31% In Three Months by Horlufemi(m): 8:35am On Feb 12, 2017 |
Why isn't there electricity? edit: Yayy! FTC. I never expected it all thanks to God (Atheists are vexing; who cares) 6 Likes |
Re: Gas Production Rises By 31% In Three Months by ZeroTolerance: 8:37am On Feb 12, 2017 |
No electricity still. Cooking gas price has almost doubled. 10 Likes |
Re: Gas Production Rises By 31% In Three Months by philtex(m): 8:43am On Feb 12, 2017 |
. |
Re: Gas Production Rises By 31% In Three Months by Chidex2442(m): 8:43am On Feb 12, 2017 |
OK.........
It's their work oooo |
Re: Gas Production Rises By 31% In Three Months by tillaman(m): 8:46am On Feb 12, 2017 |
Light nko?? Pms and salaries no gree increase too 2 Likes |
Re: Gas Production Rises By 31% In Three Months by Jossyroyal1: 8:46am On Feb 12, 2017 |
Nice one 6 Likes |
Re: Gas Production Rises By 31% In Three Months by Ngasky(m): 8:51am On Feb 12, 2017 |
steadily we are getting there |
Re: Gas Production Rises By 31% In Three Months by pembisco(m): 8:52am On Feb 12, 2017 |
Good, the idiiats that voted the dulllarhd are the ones suffering most 1 Like |
Re: Gas Production Rises By 31% In Three Months by Ademat7(m): 9:01am On Feb 12, 2017 |
Does that make cooking gas cheap?? Nigeria is a joke 2 Likes |
Re: Gas Production Rises By 31% In Three Months by apcmustwin(f): 9:02am On Feb 12, 2017 |
Ngasky:getting where? |
Re: Gas Production Rises By 31% In Three Months by Rich4god(m): 9:03am On Feb 12, 2017 |
Yet prices never come down..... 1 Like |
Re: Gas Production Rises By 31% In Three Months by Nobody: 9:05am On Feb 12, 2017 |
And yet, DARKNESS pervades the country?.. This govt is most useless & only thrives on cheap propaganda....swallowed hook line n sinkers by f.ools! 1 Like |
Re: Gas Production Rises By 31% In Three Months by DavidEsq(m): 9:08am On Feb 12, 2017 |
Jossyroyal1:Why is gas more expensive dan it was last 2 months. APC and lies: 5 Likes
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Re: Gas Production Rises By 31% In Three Months by gurunlocker: 9:12am On Feb 12, 2017 |
But gas is even more expensive now.... kilofa? 3 Likes |
Re: Gas Production Rises By 31% In Three Months by just2endowed: 9:13am On Feb 12, 2017 |
Una don start again with lies. Cooking Gas is so expensive. Gas supposed to be the cheapest commodities in Nigeria. 2 Likes |
Re: Gas Production Rises By 31% In Three Months by drtee247(m): 9:15am On Feb 12, 2017 |
pembisco: & we will vote him again.. 1 Like |
Re: Gas Production Rises By 31% In Three Months by BrightAhiah(m): 9:18am On Feb 12, 2017 |
LIKE if you want PMB exist SHARE if you will still vote for PMB in 2019 2 Likes 1 Share |
Re: Gas Production Rises By 31% In Three Months by alsudaes1(m): 9:19am On Feb 12, 2017 |
By this news we should expect shortage or further increase in price, , , |
Re: Gas Production Rises By 31% In Three Months by Nobody: 9:24am On Feb 12, 2017 |
ND gas. 1 Like |
Re: Gas Production Rises By 31% In Three Months by Ahmeduana(m): 9:28am On Feb 12, 2017 |
AND THE PRICE KEEP GOING UP. 1 Like |
Re: Gas Production Rises By 31% In Three Months by Orjitex15(m): 9:33am On Feb 12, 2017 |
I don't believed dis cooked story cus a kg of gas in makurdi is #500 as against #300. if it is like dat,dey should hav price control team to help reduce d price of gas per kg. if not one will go for charcoal instead. 1 Like |
Re: Gas Production Rises By 31% In Three Months by maxzzo1(m): 9:42am On Feb 12, 2017 |
Abeg today na Sunday....no light . no cooking gas 1 Like |
Re: Gas Production Rises By 31% In Three Months by Slimzjoe(m): 9:51am On Feb 12, 2017 |
Orjitex15: can you cook Egusi soup with charcoal ![]() |
Re: Gas Production Rises By 31% In Three Months by kings09(m): 10:03am On Feb 12, 2017 |
Ok but whr d light |
Re: Gas Production Rises By 31% In Three Months by ceejay80s(m): 10:03am On Feb 12, 2017 |
Which gas? Abeg make we hear word 1 Like |
Re: Gas Production Rises By 31% In Three Months by kings09(m): 10:07am On Feb 12, 2017 |
Speak for urslf. Some of thise supporters don get sense drtee247: 1 Like |
Re: Gas Production Rises By 31% In Three Months by Raziii(m): 10:31am On Feb 12, 2017 |
:oNigeria matter don tAs at last year november, a 12.5kg gas was about #3,500 but yesterday I got it for #4,500. So it means during the time of shortage, gas was cheaper than in time of excess. I can't wrap my head around this one. Or do we import gas too? 1 Like |
Re: Gas Production Rises By 31% In Three Months by Ngasky(m): 10:38am On Feb 12, 2017 |
apcmustwin: To where Nigeria ought to be in the committee of nations. Wheather we like it or not there's nowhere like home. Long live Federal Republic of Nigeria |
Re: Gas Production Rises By 31% In Three Months by Blackfire(m): 10:50am On Feb 12, 2017 |
where is that minister of darkness 1 Like |
Re: Gas Production Rises By 31% In Three Months by Raziii(m): 10:56am On Feb 12, 2017 |
Ngasky:i can't agree any less with you... A country doing around 2000 - 3500 megawatts of electricity for a population of 170m people, there is obviously no place like home. OBJ, GEJ and PMB were tagged as the messiah before taking over power despite not having any enviable track record in leadership or governance, surely there is no place like home. |
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