The Nigeria’s oil industry regulator, the Department of Petroleum Resources (DPR), has advanced plans to optimise the country’s.16 trillion standard cubic feet (scf) gas reserves.
This, the Director for the agency, Engineer Sarki Auwalu said, would be achieved by plugging the domestic gas market hubs into the Nigeria Gas Transportation Network Code (NGTNC).
Reiterating its commitment to fast-tracking full integration of the domestic gas market hubs into the NGTNC, the agency said in a statement by its Head, Public Affairs, Mr. Paul Osu, that this is to ensure optimal impact in the country’s domestic gas market.
Engineer Sarki Auwalu made the commitment at the recent flag-off of the NGTNC, the statement made available to Platforms Africa read.
Sarki explained that leveraging on the potential of Nigeria’s current gas reserve base of 203.16 trillion cubic feet, it was pertinent to use the instrumentality of the network code transparent open access to activate critical gas market performance enablers.
According to him, this is to ensure gas availability and delivery across the country.
He said that as part of the operationalisation process of the NGTNC, DPR had established a Network Code Electronic Licencing and Administration System (NCELAS) portal on its website.
Sarki said the portal would process all licences required for operating gas transportation arrangements and administration of all regulatory roles required for the optimal performance of the network code.
He further stated that DPR had issued licences to network code transporters, shippers and agents and that migration of existing gas transportation agreements into the network code regime had begun.
The director said the regulatory agency would continue to engage all stakeholders to achieve the aspirations of the government to deepen the Nigerian domestic gas market.