INDUSTRY EVENT in an open, transparent, and free market environment.
to improve gas deliverability and availability.
“Thus, our drive as a nation should be early attainment to the Willing Buyer; Willing Seller market status. Any transitional pricing arrangements, today, must be structured to quickly give way for market-led pricing regime and conditions”
He said the government was also working towards the expeditious passage of the Petroleum Industry Bill (PIB) which would enhance clarity in legislative, regulatory, fiscal, and administrative frameworks in the industry.
The DPR boss commended President Muhammadu Buhari and the Minister of State for Petroleum Resources, Chief H.E Timipre Sylva, for their outstanding leadership in deepening gas utilization in Nigeria.
“This bill, when passed into law, will eliminate the uncertainties and bottlenecks associated with gas development in Nigeria and accelerate the growth of the Nigerian gas market to a fully developed and matured status.
He said these efforts had culminated in the establishment of the National Gas Expansion Programme, National Gas Transportation Network Code and the National Gas Flare Commercialisation Programme. Auwalu said it also includes the ongoing construction of the ELPSII, OB3 and AKK pipelines as critical backbone gas infrastructure required
“Specifically, on gas matters, the PIB provides for the following: promotion of dedicated gas exploration and development, gas terms, fiscal separation of gas as a commodity. It will also enhance the domestic gas delivery obligation, tariffing structure & methodology, open access regimes and revised gas pricing framework, to mention but a few,” he added.
The virtual Pre-Conference Summit had limited in person attendance at the Transcorp Hilton, Abuja of gas players at the highest level and thousands of delegates joining virtually across various platforms, the event which discussed the road map towards a gas-powered economy by 2030 was organized by the Ministry of Petroleum Resources and sponsored by the Nigeria LNG Limited (NLNG). As with previous editions, the Nigerian International Petroleum Summit (N.I.P.S) 2021 will also facilitate close interaction with high level political decision makers, government officials, industry specialists, other relevant agencies and the private sector. Scheduled to hold on the 6th – 10th of June 2021, the co-located international exhibition will allow companies to showcase their expertise and market their goods and services directly to decision makers across the Oil and Gas value chain.
NCCF: NCDMB Sets Up $20m Loan Support For Women In Business ...Emphasizes Need for Increased Women Participation in the Industry
T
he Nigerian Content D evelo p m ent a n d M onitoring B oard (NCDMB) has announced the setting up of a $20million loan scheme to support women in business especially in the oil and gas sector. Executive Secretary of the Board, Engr. Simbi Wabote, stated this at a virtual roundtable by the Diversity Sectoral Working Group (SWG) of the Nigerian Content Consultative Forum (NCCF). In his remarks, Wabote stated that the mandate of the Board has always been the need to promote local content in every sphere of the oil and gas sector. Majorwaves Energy Report APRIL 2021, Vol 4 No 4
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