NNPC Records 16% Increase in Gas Supply to Power in November
The Nigerian National Petroleum Corporation (NNPC) in November increased the daily supply of natural gas for gas-powered plants in the country by 16.53% to 645mmscfd.
The Corporation disclosed this in it’s Monthly Financial and Operations Report (MFOR) released on sunday.
Advertisement
According to a statement by the NNPC spokeperson Samson Makoji,the 645mmscfd gas supply translates to power generation of 2,178MW.
The October 2019 gas supply to power averaged 553mmscfd to generate 2,050 MW.
The report further stated that national gas production in November 2019 stood at 228.65billion Cubic Feet (BCF), translating to an average daily production of 7,621.68Million Standard Cubic Feet per day (mmscfd).
A breakdown of the report shows that a total of 3,091.24BCF of gas was produced, between November 2018 and November 2019, representing an average daily production of 7,882.27mmscfd during the period.
Advertisement
In the period under review production from Joint Ventures (JVs), production Sharing Contracts (PSCs) and Nigerian Petroleum Development Company (NPDC) contributed about 69.50%, 21.06% and 9.44% respectively to the total national gas production.
Out of the total volume of gas supplied in November 2019, 137.02BCF of gas was commercialized, consisting of 35.29BCF and 101.73BCF for the domestic and export market respectively.
This translates to a total supply of 1,176.40mmscfd of gas to the domestic market and 3,391.04mmscfd of gas supplied to the export market for the month, implying that 59.91% of the average daily gas produced was commercialized, while the balance of 40.09% was re-injected and used as upstream fuel gas or flared.
Gas flare rate was 8.29 % for the month under review, translating to 632.37mmscfd, compared with an average gas flare rate of 8.80% , which is 692.97mmscfd for the period November 2018 to November 2019.
The report said an export sale of crude oil and gas of $504.44million was recorded in November 2019; indicating an increase of 4.39 per cent compared to the previous month.
Advertisement
According to the November report, crude oil export sales contributed $383.89 million (76.10 per cent) of the dollar transactions compared with $396.94 million contribution in the previous month; while the export gas sales amounted to $120.55million in the month.
It said the November 2018 to November 2019 Crude Oil and Gas transactions indicated that crude oil & gas worth $5.46billion was exported.
Reports on pipelines during the period under review showed that the Corporation recorded 94% increase in destruction of pipeline infrastructure across the country in November 2019
Analysis explained that 68 pipeline points were vandalized, representing about 94% increase from the 35 points that were breached in October 2019.
A breakdown of the breach indicated that the Mosimi-Ibadan axis accounted for 31% of the breaks, Atlas Cove-Mosimi network witnessed 19% while Ibadan-Ilorin and other routes accounted for 15% and 35% respectively.
Makoji however noted that NNPC, in collaboration with the local communities and other stakeholders, would continuously strive to reduce and eventually eliminate this menace.
