Nigeria’s domestic gas production has plunged by 50 percent following the recent incessant attacks launched on production plants across the country.
This development has constrained gas supply to power plants in the country, thus causing a slide in power output. Power supply has consequently dropped since March, plunging lower in May 2016.
According to the Nigerian National Petroleum Corporation, NNPC, in its latest financial and operations report for April, Nigeria has lost over 1,500 megawatts of power supply to the damage of the Farcados 48-inch export pipeline which is the country’s major artery that accounts for 40-50 percent of gas production.
The 48-inch export line operated by Shell, NNPC and other JV partners was vandalized in February 2016 crippling export of crude oil from the terminal.
The report stated: “About 380,000bopd remained shut-in due to vandalism of the 48” sub-sea export line on 15th February, 2016. Hence, all March cargoes were deferred until the repair is completed.”
