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First with the News

Oil & Gas: NLNG Seeks Mid/Downstream Regulator Partnership To Boost Investment, Gas Supply

January 26, 2022
in Economy, Top Stories
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By Emmanuel Nduka

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has assured the Nigerian Liquefied Natural Gas (NLNG) of its readiness to enter partnership towards solving Nigeria’s energy challenges and increase gas supply.

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Chief Executive Officer of NMDPRA, Engr. Farouk Ahmed gave this assurance in Abuja when he received the management of the NLNG on a courtesy visit to his office.

While commending the NLNG for its focus in prioritising domestic supply which has had a significant impact on deepening gas consumption in the country, Ahmed reiterated the Government’s goal of deepening LPG/CNG, especially for Autogas as an alternative to Premium Motor Spirit (PMS) to cushion the effect in situation of upward spike in oil prices.

He assured that as the regulator of the midstream and downstream, it will put in place policies that will not stifle businesses but rather level the playing field and stimulate economic growth and job creation in the industry.

Responding, Managing Director, NLNG, Dr Philip Mshelbila, said the Company will continue to priotise the growing domestic LPG market and increase utilisation by supplying 100 per cent, its propane and butane production.

Mshelbila also revealed the ongoing plans of the NLNG to commence operation for the Nigerian domestic LNG market this year, in line with the government’s plans to boost local consumption. He explained that the move was part of the NLNG’s dedication to participate in industrialising Nigeria by providing efficient energy in line with the Government’s developmental initiatives and as one of the two focus areas of the company.

Tags: Farouk Ahmedheritage timesheritagetimesmediaNLNGNMDPRAOil & GasPhilip Mshelbilathe heritage timesthtthtafrica
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