Dizeani Allison Madueke, Petroleum Minister
Chineme Okafor
The seeming non-existence of a central authority to regulate operations of gas producers and suppliers in Nigeria’s oil and gas industry is said to be a major constraint to the Federal Government’s gas-to-power initiative.
THISDAY was recently informed by sources in the federal ministries of power and petroleum resources that the gas-to-power scheme, which was put together to ensure adequate supply of gas to thermal power plants, by major producers and suppliers of gas may not yield desired results owing to several unhealthy factors, that could have been addressed if there was a stern regulator in place.
These sources who spoke on condition of anonymity explained that for instance, the Gas Supply Agreement (GSA), which was signed by leading gas producers and suppliers to the Power Holding Company of Nigeria (PHCN) is skewed in view of its content.
According to them, the GSA, which was signed by companies like Shell and Agip for the supply of gas to PHCN thermal power plants was without a vital content.
Also, the Gas Transportation Agreement (GTA), it was gathered, was ostensibly extricated by suppliers possibly to shed off the responsibility of transporting their gas to convenient points for PHCN plants....
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