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/

Why isn't there electricity?

edit:

Yayy! FTC. I never expected it all thanks to God (Atheists are vexing; who cares)

No electricity still.
Cooking gas price has almost doubled.

.

OK......... It's their work oooo

Light nko?? Pms and salaries no gree increase too

Nice one

steadily we are getting there

Good, the idiiats that voted the dulllarhd are the ones suffering most

Does that make cooking gas cheap??
Nigeria is a joke

Ngasky:
steadily we are getting there

getting where?

Yet prices never come down.....

And yet, DARKNESS pervades the country?..
This govt is most useless & only thrives on cheap propaganda....swallowed hook line n sinkers by f.ools!

Jossyroyal1:
I fought all temptations to read d whole post but its just too boring for me to read
is it just me

Why is gas more expensive dan it was last 2 months. APC and lies:

But gas is even more expensive now.... kilofa?

Una don start again with lies. Cooking Gas is so expensive. Gas supposed to be the cheapest commodities in Nigeria.

pembisco:
Good, the idiiats that voted the dulllarhd are the ones suffering most

& we will vote him again..

LIKE if you want PMB exist


SHARE if you will still vote for PMB in 2019

By this news we should expect shortage or further increase in price, , ,

ND gas.

AND THE PRICE KEEP GOING UP.

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.

Abeg today na Sunday....no light . no cooking gas

Ok but whr d light

Which gas? Abeg make we hear word

Speak for urslf. Some of thise supporters don get sense

drtee247:


& we will vote him again..

: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?

apcmustwin:
getting where?

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

where is that minister of darkness

Ngasky:


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

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.