Chinazor Megbolu |
The Federal Government has announced that the National Gas Transportation Network Code, which was inaugurated in February, 2020 will kick off August 10, 2020.
The project, which was mulled by the Minister of State for Petroleum Resources, Timipre Sylva, will go live on August 10, 2020.
The Federal Government disclosed the programme will boost opportunities for would- be investors interested in the gas sub-sector of the oil and gas industry.
The Minister noted the network code is critical to the government’s objective in boosting the nation’s domestic gas obligation as well as promoting export as enshrined in the National Gas Policy (2017).
The Federal Government also noted that the initiative will ensure that the wrong quality gas does not go into the pipeline and also guaranteeing gas pipeline integrity.
In addition, it buttressed the project will open access to a pipeline, and a common understanding of metering as well.
Furthermore, it maintained that the code will also provide a uniform platform in the areas of guidelines for agreements between buyers and sellers, towards ensuring transparency and eliminate existing bottlenecks.
It is a major policy thrust of government to unlocking the potentials of gas as a resource and revenue earner for the country.
The Technical Adviser, Gas Business & Implementation, to the Honorable Minister of State, Petroleum Resources, Mr. Justice Derefaka, hinted that Sylva is the best gift of the year to the gas sector.
“Once we go live on Monday, 10th August, the Network Code will time as a gas market liberalisation enabler aimed at ensuring gas pipeline integrity, open access to a pipeline and common understanding on metering with a set of rules and protocols designed to govern the operations of gas network players in a way that impacts the gas market as part of efforts towards transparency and efficiency in the operation of pipelines in the country,” he said.
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