National gas transportation network code to go-live Monday — Official
The Technical Adviser, Gas Business and Policy Implementation to Minister of State for Petroleum Resources, Justice Derefaka, has said the National Gas Transportation Network Code will “Go-Live” on Monday.said in a statement on Saturday in Lagos that the move was to deepen gas utilisation in Nigeria.
Mr Derefaka said the Network Code, as encapsulated in the National Gas Policy , was critical to the government’s objective in firming up the country’s domestic gas obligation as well as promotion. He said: “It is a major policy thrust of government to unlocking the potential of gas as a resource and revenue earner for Nigeria which has declared 2020 as the Year of Gas.“It is believed that the implementation of the code would provide for investors in gas, the confidence to invest heavily in the sector and enable Nigeria consolidate on the multiplier effect of gas on the economy.”
He said, “The Network Code will also enable new ways of doing business in the Nigerian domestic gas market.“Every gas meant for domestic use either for power, petrochemical or industrial, will have a single entry and exit point to cut short the sharp practices prevalent in the current supply and distribution system.”
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