There are strong indications that Nigeria’s electricity supply may soon witness a positive turn around as the Nigerian National Petroleum Corporation (NNPC) increased daily average natural gas supply to the nation’s gas power plants by 123% to 730 million standard cubic feet per day (mmscf/d).
This was contained in the latest report signed by the Group General Manager, Group Public Affairs Division, Nigerian National Petroleum Corporation (NNPC), Ndu Ughamadu.
The corporation, in its June 2017 Monthly Financial and Operations Report released today, said the gas supply was for June 2017 as against 327mmscf/d in the corresponding period in 2016.
According to the report, gas supply to power plants increased slightly by 0.13% from 729mmscf/d in May 2017 to 730mmscf/d in June 2017.
The report also indicated that nationwide petroleum products supply continued to record remarkable stability following the performance of Nigeria’s three refineries which produced between five and six million litres of Premium Motor Spirit (PMS), also known as petrol, per day in June 2017.
The refineries also produced between five and six million litres of Automotive Gas Oil (AGO), also known as diesel, per day in the period under review.
“The Corporation has maintained seamless nationwide supply and distribution of petroleum products which guarantees stable products and queue-free filling stations across the nation,” the report stated.
As reported, the performance of the Port Harcourt Refinery continued to improve with a boost to the midstream value chain as it inched towards sustained commercial operations.
It however, noted that the pump price of diesel crashed by 42% nationwide following strategic intervention by the corporation in May 2017.
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With respect to pipeline vandalism, the report showed that the corporation recorded about 86 cases of pipeline breaks across the country in the period under review.
It further indicated that, out of these 86 cases, 77 were due to pipeline vandalism, which represents almost 40% increase relative to cases recorded in the previous month (May 2017).
The report added that while the Port Harcourt-Aba line recorded the highest pipeline breaches of 55 points (66%), there was also an unusual upsurge in the activities of vandals along Kaduna-Zaria line which witnessed 13 vandalized points during the period.
There was also a slight decrease in the nation’s gas production compared to previous month which stood at 227.15BCF or an average of 7,571.50 mmscfd, the report noted.
This, the NNPC explained, was despite sustaining the success recorded by its enhanced crude oil evacuation and oil lifting in June 2017, following the re-opening of the Forcados Oil Terminal (FOT) on 31st March, 2017.
The NNPC further called on Nigerians to continue to support the corporation in the area of security with a view to ensuring zero vandalism of the nation’s oil and gas infrastructures