Business

NLNG signs 20-year gas supply deals with six third-party firms

Vincent Afolabi 23 August 2025 0

Nigeria LNG Limited (NLNG) has signed long-term gas supply agreements (GSAs) with six third-party suppliers in a move to secure feedgas for its operations and support future expansion. The 20-year contracts, which come with extension options, will deliver about 1,290 million standard cubic feet

News

Gas distributors strengthen value chain as FG decries 30% market utilisation

DailyTimesNGR DailyTimesNGR 19 June 2025 0

BY TEMITOPE ADEBAYO The gas distribution chain in Nigeria is broadening through an Industry-wide synergy and cooperation to promote the ongoing gas commercialisation initiatives of the government. This is as the federal government decries poor domestic gas utilisation. This sentiment was echoed by Mrs Olu Arowolo Verheijen, Special Adviser on Energy to the President, who

Business

SPE Africa decries Nigeria’s wasted gas resources, calls for industrial growth

DailyTimesNGR DailyTimesNGR 23 March 2025 0

The Society of Petroleum Engineers (SPE) Africa has raised concerns over Nigeria’s persistent waste of natural gas, warning that poor infrastructure and low industrial capacity continue to hinder the full utilisation of the country’s vast energy resources. The group also highlighted the growing global shift towards decarbonisation, stressing the need for Africa’s petroleum

Business

Natural gas key to energy transition, as demand surges at 80%

DailyTimesNGR DailyTimesNGR 23 February 2025 0

BY MOTOLANI OSENI Despite concerns over emissions and affordability, natural gas is expected to remain a key part of the energy mix for decades, particularly in power generation, industrial processes, and transport. According to a new report from Wood Mackenzie, natural gas will play a critical role in the global energy transition, serving as a […]

News

Nigeria’s gas exports to West Africa to decline as WAPCo begins maintenance

DailyTimesNGR DailyTimesNGR 5 February 2025 0

BY TEMITOPE ADEBAYO There will be a marginal drop of major gas supply from Nigeria to Key West African countries following major asset repairs. The West African Gas Pipeline Company Limited (WAPCo), owner and operator of the West African Gas Pipeline (WAGP) has announced a scheduled major pipeline maintenance activity. These activities include the pigging […]

Top Stories

FG secures Jindal Group’s commitment to off-take natural gas for $4bn Hot Briquetted Iron Steel Plant

DailyTimesNGR DailyTimesNGR 29 October 2024 0

Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo, has successfully secured a commitment from Jindal Group to off-take about 450 million metric standard cubic feet per day (MMscfd) of natural gas to underpin a $4 billion investment in a 10 million tonnes per annum Hot Briquetted Iron (HBI) Steel Plant to be located […]

Top Stories

FG announces new gas price for electricity generating companies

DailyTimesNGR DailyTimesNGR 3 April 2024 0

The Federal Government, on Monday, announced a new price of natural gas for power generation companies. An agency of the Federal Government, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), unveiled the new domestic base price and wholesale prices of natural gas for 2024, jacking it up to $2.42 per metric million British thermal […]

News

Price of refilling cooking gas in Nigeria

Ihesiulo Grace 4 March 2024 0

The National Bureau of Statistics (NBS) has released a report stating that the average retail price for refilling a 5kg cylinder of Liquefied Petroleum Gas (cooking gas) has increased. In its latest data update, the government agency noted that in January 2024, the price of refilling cooking gas rose by 3.55% compared to December 2023, […]

Top Stories

Summit projects rapid growth in gas sector, reduction in domestic prices

DailyTimesNGR DailyTimesNGR 4 March 2024 0

A leading Nigeria gas company, UTM Offshore Ltd, owners of the first Floating Liquified Natural Gas (FLNG) company in Nigeria, has said that ‘Decade of Gas Policy’ of the Federal Government has further provided direction and clarity for investors in the gas industry. The Managing Director and Chief Executive Officer (CEO) of UTM Offshore Ltd, […]

News

FG reiterates readiness partnership on domestic gas utilisation

DailyTimesNGR DailyTimesNGR 14 February 2024 0

Mr Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), has reiterated the Federal Government’s readiness to foster collaborations and partnerships that would facilitate national goals for domestic gas utilisation and export. Ekpo said this at the 8th Sub-Saharan Africa International Petroleum and Exhibition Conference on Tuesday in Lagos. The News Agency of

Top Stories

Gas expansion: Senate summons Dangote Oil Refinery, NIPCO, 13 other firms

DailyTimesNGR DailyTimesNGR 29 November 2023 0

The Senate Committee on Gas yesterday summoned no fewer than 15 Oil and Gas companies, beneficiaries of disbursement of billions of Naira from the Nigeria Gas Expansion Program (NGEP), an intervention fund by the Central Bank of Nigeria (CBN). The invited companies include NIPCO Gas Ltd; NIPCO Plc; Hyde Energy Ltd; Lee Engineering and Construction […]

Top Stories

Marketers identify reasons for hike in cooking gas price

Ihesiulo Grace 17 April 2023 0

The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) has attributed hike in the price of cooking gas to fluctuations in exchange rate, multiple taxes, scarcity of foreign exchange, among others. Mr Bassey Essein, Executive Secretary, NALPGAM, said this in an interview with the News Agency of Nigeria (NAN) on Sunday in Lagos. Essein also […]

News

FG to begin conversion of vehicles to run on gas

Ihesiulo Grace 24 September 2020 0

By Tunde Shorunke Federal government through the Nigeria Gas Expansion Programme (NGEP) may soon start the conversion of vehicles to run on gas. This is even as the Ministry of Petroleum Resources secured a N250billion facility as part of a stimulus package for the sector. This move is aimed at creating alternative energy for motorists […]

Opinion

What will it take for 2020 to truly be the year of Gas in Nigeria?

Ihesiulo Grace 3 January 2020 0

“The Honorable Minister of State for Petroleum Resources, H.E. Chief Timipre Sylva has declared 2020 as the year of Gas for the Nation”, the news piece started. What amazing news! And certainly long overdue. As it seems, Nigerian officials have finally taken the cue. As I have said ever so often, more than an oil […]

Business

Nigeria earned $21bn from oil, gas sector in 2017 – NEITI

Ihesiulo Grace 28 November 2019 0

Abuja – The Nigeria Extractive Industries Transparency Initiatives (NEITI), says Nigeria earned 21 billion  dollars from the oil and gas sector in 2017. NEITI disclosed this in its 2017 oil and gas industry report released in Abuja on Wednesday. It said that the figure showed a 23 per cent increase from the 2016 figures of […]

Business Energy

FG to unveil beneficial ownership register in oil, gas sector soon

Ihesiulo Grace 27 November 2019 0

Abuja – Mr Waziri Adio, the Executive Secretary Nigeria Extractive Industries Transparency Initiative (NEITI) says the Federal Government will soon unveil the beneficial ownership register for the oil and gas industry. Adio, who disclosed this to newsmen in Abuja on Tuesday said the register would be unveiled on Dec. 12. The beneficial ownership register is […]

Business

Larger portion of Nigeria’s oil, gas wealth yet untapped — Total boss

Ihesiulo Grace 19 November 2019 0

Lagos – Mr Ahmadu Kida-Musa, Deputy Managing Director, Deep Water District of Total Exploration and Production Nig. Ltd., says there are still billions of barrels of oil and trillions cubic feet of gas yet to be discovered in Nigeria. Kida-Musa said that Nigeria had not fully explored its oil fields even in the “so called” […]

News

Edo govt, Army, NSCDC close ranks against infractions in oil, gas sector

Ihesiulo Grace 11 November 2019 0

The Edo State Government has strengthened ties with the Nigerian Army and the Nigeria Security and Civil Defence Corps (NSCDC) to go after individuals and groups involved in illegal activities in the oil and gas sector in the state. Commissioner for Minerals, Oil and Gas, Hon. Joseph Ikpea warned individuals and groups involved in such […]

News

NLNG begins discharge of cooking gas to Oil Jetty terminal in Lagos

Ihesiulo Grace 11 November 2019 0

Lagos – The Nigeria Liquidified Natural Gas (NLNG) says it will on Monday begin to discharge cooking gas to the New Oil Jetty (NOJ) terminal in Lagos. Its Manager, Corporate Communications and Public Affairs, Mrs Sophia Horsfall, made this known on Monday in Lagos. Horsfall spoke against the backdrop of marketers’ allegations of indiscriminate hike […]

News

Supply gas to coastal terminals outside Lagos, marketers urge NLNG

Ihesiulo Grace 10 November 2019 0

Lagos – Some cooking gas marketers have appealed to the Nigerian Liquefied Natural Gas (NLNG) to supply gas to other coastal terminals outside Lagos to reduce the inherent pressure on the terminals in the Southwest. The marketers said the appeal was necessitated by the indiscriminate hike in the price of Liquefied Petroleum Gas (LPG) commonly […]