According to NNPC, the development has continued to threaten government’s efforts in sanitizing the downstream sector of the oil and gas industry, especially the move to make country a net exporter of refined petroleum products. The report indicated that vandalism remains the biggest problem of operations at the downstream sector, putting the corporation at a disadvantageous position while it lasted.Of the 194 cases, the NNPC noted that PHC-Aba and Aba-Enugu pipeline segment of the network accounted for 187 points or 86.57 per cent. In the monthly report, gas-to-power supply as at January 2018 stood at 731 million metric standard cubic feet (mmscf) per day as against 387mmscf/d in January 2017, representing 88.89 per cent increase. The document reads in part: “An average of 731mmscf/d of gas was sent to over 20 domestic thermal power plants in the month of January 2018, generating a thermal power output of 3,076 megawatts (mw) to the national grid, representing 76.7 per cent of the total national power generation.”It indicated that an additional 365mmscf/d of gas was supplied to the industrial sector to power over 50 companies in the period under review to boost the nation’s economy. The total gas production for the month was put at 8,169mmscf/d out of which 14 per cent was supplied to the domestic market, 43 per cent for export, while 31 per cent was re-injected and the balance flared.

Source: The Guardian May 14, 2018 04:30 UTC