The Nigerian National Petroleum
Corporation (NNPC) has said Nigerians should expect boost in electric power
generation in the country because of the recorded improvement in gas supply. This
was disclosed in the monthly financial and operations report of the NNPC which
was released yesterday in Abuja.
According to the report, the
average national daily gas production in the country stands at 226.918 billion
cubic feet (bcf) which translates to over 7.319 million standard cubic feet of
gas per day (mmscfd); which is relatively sufficient to ensure steady power
supply.
Also, the daily average national
gas supply to power plants increased to 689mmscfd or the equivalent to power
generation of 3056mw. The supply is also over 29 per cent higher than the
corresponding supply record in 2016.
However, pipeline sabotage in the
country increased from 49 downstream pipeline vandalised points in February
2017 to 94 in March 2017; representing over 91 per cent increase relative to
the previous months despite Federal Government’s and the NNPC’s continuous
engagement with stakeholders.
Nevertheless, there is a
noticeable improvement compared to corresponding period of March 2016, which
posted 259 cases.
Also, in the downstream sector,
the report shows the NNPC has in stock inland supply of over 1.2 billion litres
of petrol sufficient for more than 34 days forward consumption.
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