The average Natural Gas supply to power plants of 729
million standard cubic feet of gas per day (mmscfd) in May 2017 was
63.74 per cent higher than the daily gas supply to the plants, of
446mmscfd, during the same month in 2016.
The report said the average national daily gas production for May 2017
stood at 242.70billion cubic feet (BCF) or an average of 7,829.11mmscfd,
representing a slight increase, compared with April gas production of
672mmscfd.
It also stated that NNPC, within the period under review, activated
plans to build 500million standard cubic feet of gas-per-day metering
plant to serve the planned capacity expansion of Egbin Power Plant.
The report, the 22nd edition, like the previous ones, is designed to
promote and sustain effective communication with stakeholders.
According to the report, the three refineries in Port Harcourt, Warri
and Kaduna were operational in May 2017, with a minimum of 6m litres of
PMS, otherwise called petrol, and a similar quantity of Automotive Gas
Oil, also known as diesel, loaded out from the refineries daily.
The three NNPC refineries have a combined nameplate capacity of 445,000 barrels of crude oil per stream day.
The report indicated that the rehabilitation of the refineries would restore their nameplate capacities.
Diesel price, the report also noted, witnessed a nationwide crash by as
much as 42 per cent following strategic intervention by the Corporation
to sustain supply of diesel and avoid the first quarter, 2017 unpleasant
experience when retail price of AGO shot to an all-time high of N300
per litre. The intervention pushed the product’s retail prices as at May
2017 to rally between N175 and N200 across the country.
Another highpoint of the May report is that there was a decline in the
incidents of oil pipeline breaks which had, in recent time, witnessed a
steady reduction through the months following the sustained
community/stakeholders’ engagement initiative.
It further said that the number of pipeline breaks recorded within the
period stood at 55, which was an improvement compared to 82 vandalized
points recorded in April 2017. This figure represents about 33 per cent
reduction relative to the previous months and also a remarkable
improvement to corresponding period of May 2016 which recorded 260
cases.
During the period under review, the reports informed that NNPC stepped
up efforts to actualize government’s initiative on co-location of some
refineries.
The issue is available on the NNPC website and in national dailies as well as some online news portals.
NDU UGHAMADU
Group General Manager
Group Public Affairs Division
Nigerian National Petroleum Corporation
Abuja
20th July 2017
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