“Power Plants Consumed 8,362mmscf/d Gas in 2015” – Report

The Nigerian National Petroleum Corporation, NNPC, wheeled out a total of 8,362 million standard cubic feet daily (mmscfd) of gas to about 24 gas-fired power plants in 2015.

The figures are contained in the corporation’s financial and operations report for 2015. Analysis of the report released recently showed that over 75 per cent of the electricity consumed last year was produced by gas-fired plants.

The total supply resulted in an average of 694mmscfd gas for the generation of 2,957mw all through the year.

It showed that the month of August 2015 had the highest gas supply to the power plants as about 812 mmscfd gas was supplied to produce 3,472mw.

That represented 87 per cent of the whole power generation as the hydropower plants – Kainji/Jebba and Shiroro plant contributed only 13 per cent electricity to the national grid.

The NNPC and the Nigerian Gas Company (NGC) stated at a meeting of the power sector participants in Lagos last week that it was working on completing more gas infrastructure to enable the supply of more gas to power.

The new price regime for domestic gas approved by the Nigerian Electricity Regulatory Commission (NERC) for power generation started in January 1, 2015.

The new price regime was also confirmed by the former Group Executive Director (GED) for Gas and Power Directorate at the NNPC, David Ige. The NERC approved the upward review of the gas price from $1.5 per thousand cubic feet (mcf) to $2.5 per mcf (transport inclusive).