Gas supply to power hits 2-year high

The Nigerian National Petroleum Corporation (NNPC) has announced gas supply to power generation hit 854.40 million Standard Cubic Feet of gas per day (mmscfd) for March 2018, translating to an equivalent power generation of 3,492MW.
The NNPC in its monthly Financial and Operations Report for March 2018 indicated a total national gas production of 253.06 Billion Cubic Feet (bcf), averaging 8,163.58mmscfd.
The March 2018 edition of the monthly financial and operations report of the 32nd in the series.
National Gas Production figures revealed that Joint Ventures (JVs), Production Sharing Contracts (PSCs) and Nigerian Petroleum Development Company (NPDC) amounted to about 69.82 per cent, 21.95 per cent and 8.23 per cent respectively.
A breakdown of natural gas off-take, commercialization and utilization showed that out of the volume of gas supplied in March 2018, a total of 152.60 bcf of gas was commercialized, comprising 40.52 bcf and 112.08bcf for the domestic and export market respectively.
This translated to a total supply of 1,307.09mmscfd of gas to the domestic market and 3,615.62mmscfd of gas supplied to the export market for the month.
The report said 59.92 per cent of the average daily gas produced was commercialized while the balance of 40.08 per cent was re-injected, used as upstream fuel gas or flared.
“Gas flare rate was 10.55 per cent for the month of March 2018, that is, 867.10mmscfd compared with average Gas flare rate of 10.24 per cent or 804.14mmscfd for the period March 2017 to March 2018”, the report said.
The monthly report stated that about 3,236.82mmscfd or 89.52 per cent of the export gas was sent to Nigerian Liquefied Natural Gas Company (NLNG) Bonny for March 2018 compared with the period (March 2017 to March 2018) average of 3,122.92mmscfd or 90.64 per cent of the export gas.
In the downstream sector, NNPC continued to ensure increased petrol supply and effective distribution of the product across the country.
The report said that in March, 2018, 2.49 billion litres of petrol were supplied by NNPC, translating to 80.26 million litres per day to sustain seamless distribution of Petroleum Products and zero fuel queue across the nation.
The monthly Financial and Operations report explained that Corporation was monitoring the daily Premium Motor Spirit (PMS), or petrol evacuation figures from depots across the nation, where necessary, joint monitoring with the support of the Nigerian Customs Service (NCS).
According to the report within the period under coverage, pipeline break stood at 224, of which 25 pipeline points either failed to be welded or ruptured/clamped.
“Thus, 199 pipeline points were vandalized as against 125 recorded last month”, it stated.
PHC-Aba and Aba-Enugu pipeline segment accounted for 177 points or 88.94 per cent of the affected pipeline points, the report revealed