The Nigerian National Petroleum Corporation (NNPC) says 230.35 Billion Cubic Feet (BCF) of natural gas has been produced in the country in July.

The Corporation, in its Monthly Financial and Operations report for July, said the production averaged a daily output of 7,678.17 million Standard Cubic Feet (mmscfd).

It said the sum represented 8.81 per cent increase compared to the previous month, June 2018.

The report indicated that for the period July 2017 to July 2018, 3,084.09 BCF of gas was produced, representing an average daily production of 7,834.62 mmscfd.

It added that the daily average natural gas supply to gas power plants stood at 744.86 mmscfd, equivalent to power generation of 2,898 MW.

It explained that from the period to date, production from Joint Ventures (JVs), Production Sharing Contracts (PSCs) and Nigerian Petroleum Development Company (NPDC) contributed about 69.38 per cent, 21.69 per cent and 8.93 per cent respectively to the total national gas production

A further breakdown of the numbers showed that out of the total volume of gas supplied in July 2018, 127.19 BCF of gas was commercialised, comprising 35.55 BCF and 91.65 BCF for the domestic and export market.

“This translates to a total supply of 1,184.81 mmscfd of gas to the domestic market and 3,055.00 mmscfd of gas supplied to the export market for the month.

“It implies that 55.98 per cent of the average daily gas produced was commercialised, while the balance of 44.02 per cent was re-injected, used as upstream fuel gas or flared,’’ it said

On Gas Flaring, the report said gas flare rate was 9.33 per cent, (706.96mmscfd), compared with average gas flare rate of 10.44 per cent ( 816.73mmscfd) for the period July 2017 to July 2018.

The Report also revealed that the corporation continued to ensure increased PMS supply and distribution across the country to sustain seamless distribution of petroleum products and zero fuel queue across the nation.

It noted that 2.18 billion litres of white products were distributed and sold by the Petroleum Products Marketing Company (PPMC) in July 2018 compared with 1.46 billion litres in June 2018.

According to the report, the sales comprised 1.84 billion litres of petrol, 0.13billion litres of kerosene and 0.21 billion litres of diesel, while total special products sold for the period was 10.70 million litres.

This, it added, comprised 0.87 million litres of other special products and 9.83 million litres of LPFO or 16 per cent, 12 per cent and 6 per cent respectively.

The report disclosed that during the period under review, pipeline break stood at 204, of which 16 pipeline points either failed to be welded or ruptured/clamped.

It also indicated that 188 pipeline points were vandalised as against 165 recorded last month, with Ibadan-Mosimi accounting for 124 points or 66 per cent of the vandalised pipeline, while Aba-Enugu, PHC-Aba and other locations accounted for the rest.

“A total of 1,858 vandalized points were recorded between July 2017 and July 2018,’’ it added.

In the Upstream Sector, the report disclosed that average crude oil price stood at 72.57 dollars per barrel in July 2018 as against 72.67 dollars per barrel in June 2018.

Industry watchers attributed the oil price decline to the slight rise in the global inventories, saying the scenario was expected to continue in the second half of 2018.

In July, the OPEC Reference Basket (ORB) increased marginally by 0.07 per cent to finish the month at 73.27 dollars per barrel, compared to the previous year ORB of 68.48 dollars per barrel in the same period, indicating a higher value of 4.7 or 7 dollars per cent.

https://www.akelicious.net/2018/11/natural-gas-production-rise-by-8-nnpc.html

Good

Ftc

Na buhari do am?

Ok

Poverty rising too ... nonsense news. Evil is also rising in the country under the dulllardic dictatorship.
The rise of evil

HMM

Ok... Poverty and suffering rising among the masses too.

All follow for achievement!

Good news

Where is the impact felt...

Enough of this propaganda

Tomorrow is strike..

King44:
TALKING ABOUT "CORRUPTION" NIGERIANS SHOULD PLEASE SAVE US, WE UNILORIN STUDENTS FROM HIKE OF SCHOOL FEES, INITIALLY WE PAY #25,000 TO #28,000 DEPENDING ON FACULTY NOW THEY ARE FORCING US TO PAY #45,000 + AND HIGHER THAN THAT DEPENDING ON FACULTY AND THE FEE DOES NOT INCLUDE OTHER CHARGES LIKE BANDWIDTH ETC, (FEDERAL UNIVERSITY O) AND ITS SO SADDEN THAT THEY ARE WARNING STUDENTS NOT TO EVEN PROTEST ONLINE WHEN ITS OBVIOUS WE CAN'T DO A PEACEFUL PROTEST WITHIN THE SCHOOL FOR THE FEAR OF RUSTICATION aka FACE TANKE, IF THIS CONTINUE WITHOUT BEING CHECKED UNILORIN WOULD BE THE FIRST FED UNIVERSITY TO COERCE STUDENT TO PAY ABOVE NORMAL FEE COMPARED TO WHAT OTHER FEDERAL UNIVERSITIES PAY eg OAU, UNILAG etc, THEY SHOULD CONSIDER SOME STUDENTS WHO HAS NO PARENTS ETC AND HAVE LOOK FOR THEIR FEE THEMSELVES VIA HARD LABOUR OR CONTRIBUTION FROM FELLOW STUDENTS ALL FINGERS ARE NOT EQUAL
#lalasticlala
#Seun
Kindly share n Repost

Did you vote for this Junta?

zombieTRACKER:
Where is the impact felt...

Enough of this propaganda

Tomorrow is strike..

Wailers are always in severe pains once they hear good news about the country.

mustmust:
Na buhari do am?

YES. ABSOLUTELY.

Hmmn

seunmsg:


Wailers are always in severe pains once they hear good news about the country.

Tomorrow your dullard will still rush to China for money borrowing... What is there to masturbate on when I'm not a zombie

https://www.youtube.com/watch?v=YG7w7Dm8g24

This has to reflect on the retail price of the commodity for it to have effect on the common man. I recall that over the same period while all these statistics were recorded , the retail price of 12kg of LPG still ranges between #3800-4000 or more in some places,so how does this news bring easiness to the common man? Another propaganda from these scammers in govt?

hmmm ok oo

What is the effect on common man?.Absolutely Nothing

8% or 28%.....nonsense thieves

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All these means more money for the country. Where is going?
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AGNESikpuNNU:
Did you vote for this Junta?

I did not o

Good to know. But the positive effect on the common man is the most important thing.

If i were to be the president i will stop gas flaring by oil drilling firms i will build eletricity producing gas plant by each oil well so that the gas that was to be flared will be used to produce electricity that way nigeria will have 80,000mw of eletricity.

Nigeria has enough gas reserves to produce eletricity for the whole of africa for the next hundred years but corruption, lack of interest and top notch ideas will not make us harnes this great resource.

If Nigeria is producing 10million barrels of oil a day Nigeria will still be backward,Nigeria so much natural gas still is not cheap for the poor people ,electricity is still the same water corporation dat one don go like nitel, the only thing that change in Nigeria is all this new aluminium zinc and New moblie phones, inshort Austria of 1888 is more develope than Nigeria of today

Gas production up
Oil production stable
Oil & Gas prices up
Buhari still borrowing
Buhari still selling govt assets
Buhari still running deficit budget
At least PDPset up excess crude account
What has APC done with all these windfalls?

mustmust:
Na buhari do am?

no na Jonathan.... u ar an idiot

Thugnificent:
Someone should please help me out with airtel airtime of any amount as i need badly 09074843276.... God bless!

You're here also! How many pleas shall fetch you a donation of one thousand Naira? On the other platform, I advised you to reach out to Salvation Army! Remember? Or, or, you in the occult?

Olay