Home Oil & Gas Nigeria launches new gas transportation code to increase revenue

Nigeria launches new gas transportation code to increase revenue

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The Nigerian government on Monday launched a new gas infrastructure network code to increase revenue generation and enhance local gas production.

   The code, according to the minister of state for petroleum Timipre Sylva, would help to guide gas transporters and suppliers as “2020 had been declared the year of gas.”

   Sylva said the Nigerian Gas Transportation Network Code (NGTNC) would apply to all gas transportation arrangements between gas transporters and gas shippers.

   The minister said the move was in line with the government’s policy to reinforce and expand gas supply and stimulate demand through a nationwide gas expansion program.

   “The code would provide open and competitive access to gas transportation infrastructure and development of the Nigerian gas sector,” he said.

   It will also optimally explore and produce the resource in driving the government’s aspirations for energy security, economic diversification, job creation, and enhanced revenue generation, the official further said.

   “Gas and its derivatives as envisaged in the National Gas Policy will surely catalyze our economic growth and the need for gas transportation infrastructure has to a large extent to be put in place for the sector to develop,” he added.

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