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Nairaland Forum / Nairaland / General / Business / Natural Gas Production Rise By 8% – NNPC (5042 Views)
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|Natural Gas Production Rise By 8% – NNPC by Nwaforj44: 9:24pm On Nov 04, 2018|
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.
3 Likes 1 Share
|Re: Natural Gas Production Rise By 8% – NNPC by MANNABBQGRILLS: 9:30pm On Nov 04, 2018|
3 Likes 1 Share
|Re: Natural Gas Production Rise By 8% – NNPC by ibroopeyemi(m): 9:31pm On Nov 04, 2018|
|Re: Natural Gas Production Rise By 8% – NNPC by mustmust(m): 9:31pm On Nov 04, 2018|
Na buhari do am?
|Re: Natural Gas Production Rise By 8% – NNPC by lopezoraclenet(m): 9:31pm On Nov 04, 2018|
|Re: Natural Gas Production Rise By 8% – NNPC by AGNESikpuNNU(f): 9:32pm On Nov 04, 2018|
Poverty rising too ... nonsense news. Evil is also rising in the country under the dulllardic dictatorship.
The rise of evil
6 Likes 4 Shares
|Re: Natural Gas Production Rise By 8% – NNPC by Nobody: 9:33pm On Nov 04, 2018|
|Re: Natural Gas Production Rise By 8% – NNPC by Laju1234: 9:34pm On Nov 04, 2018|
Ok... Poverty and suffering rising among the masses too.
All follow for achievement!
|Re: Natural Gas Production Rise By 8% – NNPC by Thugnificent(m): 9:36pm On Nov 04, 2018|
|Re: Natural Gas Production Rise By 8% – NNPC by zombieTRACKER: 9:39pm On Nov 04, 2018|
Where is the impact felt...
Enough of this propaganda
Tomorrow is strike..
|Re: Natural Gas Production Rise By 8% – NNPC by AGNESikpuNNU(f): 9:41pm On Nov 04, 2018|
King44:Did you vote for this Junta?
|Re: Natural Gas Production Rise By 8% – NNPC by seunmsg(m): 9:42pm On Nov 04, 2018|
Wailers are always in severe pains once they hear good news about the country.
|Re: Natural Gas Production Rise By 8% – NNPC by Rossikki: 9:43pm On Nov 04, 2018|
|Re: Natural Gas Production Rise By 8% – NNPC by Bolustical: 9:44pm On Nov 04, 2018|
mustmust:No, na your village people?
|Re: Natural Gas Production Rise By 8% – NNPC by Bolustical: 9:45pm On Nov 04, 2018|
|Re: Natural Gas Production Rise By 8% – NNPC by zombieTRACKER: 9:45pm On Nov 04, 2018|
Tomorrow your dullard will still rush to China for money borrowing... What is there to masturbate on when I'm not a zombie
|Re: Natural Gas Production Rise By 8% – NNPC by ezinnefashionst(f): 9:45pm On Nov 04, 2018|
|Re: Natural Gas Production Rise By 8% – NNPC by deolu2000(m): 9:47pm On Nov 04, 2018|
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?
|Re: Natural Gas Production Rise By 8% – NNPC by Kennedy94(m): 9:47pm On Nov 04, 2018|
hmmm ok oo
What is the effect on common man?.Absolutely Nothing
|Re: Natural Gas Production Rise By 8% – NNPC by emmie14: 9:49pm On Nov 04, 2018|
8% or 28%.....nonsense thieves
|Re: Natural Gas Production Rise By 8% – NNPC by shammahyaro(f): 9:51pm On Nov 04, 2018|
Dear Nairalanders, pardon my typos as I haven't done this before. I'd try to summarize the issue though it isn't as simple as it is. I'm doing this without his knowledge sef.
My boyfriend has been looking for a job for the past 6months now and nothing has come forward.We stay in kaduna environs. He is a 2nd class upper graduate of industrial design and is very good with graphic design.Any job will do.God bless any one that helps.
|Re: Natural Gas Production Rise By 8% – NNPC by Princedapace(m): 9:53pm On Nov 04, 2018|
All these means more money for the country. Where is going?
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|Re: Natural Gas Production Rise By 8% – NNPC by King44(m): 9:54pm On Nov 04, 2018|
AGNESikpuNNU:I did not o
|Re: Natural Gas Production Rise By 8% – NNPC by Lanre4uonly(m): 9:56pm On Nov 04, 2018|
Good to know. But the positive effect on the common man is the most important thing.
|Re: Natural Gas Production Rise By 8% – NNPC by hundredrivas(m): 9:58pm On Nov 04, 2018|
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.
|Re: Natural Gas Production Rise By 8% – NNPC by Afonja007: 9:59pm On Nov 04, 2018|
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
|Re: Natural Gas Production Rise By 8% – NNPC by Yankee101: 10:05pm On Nov 04, 2018|
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?
|Re: Natural Gas Production Rise By 8% – NNPC by Jammiedammyboi: 10:05pm On Nov 04, 2018|
mustmust:no na Jonathan.... u ar an idiot
|Re: Natural Gas Production Rise By 8% – NNPC by ekestic1976(f): 10:18pm On Nov 04, 2018|
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?
|Re: Natural Gas Production Rise By 8% – NNPC by horlabiyi(m): 10:33pm On Nov 04, 2018|
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