Economy

National gas transportation network code to go-live Monday — Official

National gas transportation network code to go-live Monday — Official
Written by Maritime First

…As ExxonMobil Nigeria gets new chief executive***

Mr. Justice Derefaka, Technical Adviser,  Gas Business and Policy Implementation to Minister of State for Petroleum Resources, says the National Gas Transportation Network Code (NGTNC) will “Go-Live” on Monday.

Derefaka, also Programme Manager, Nigerian Gas Flare Commercialisation Programme (NGFCP), said in a statement on Saturday in Lagos that the move was to deepen gas utilisation in Nigeria.

Mr. Justice Derefaka, Technical Adviser, Gas Business and Policy Implementation to the Minister of State for Petroleum Resources

The NGTNC,  also known as the ”Network Code”, was inaugurated on Feb. 10 by the Minister of State for Petroleum Resources, Chief Timipre Sylva.

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Derefaka said the Network Code, as encapsulated in the National Gas Policy (2017), was critical to government’s objective in firming up the country’s domestic gas obligation as well as promotion.

According to him, the review of the Network Code licensing framework and development of all its ancillary agreements have been firmed.

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.

“President Muhammadu Buhari (Minister of Petroleum Resources) and Sylva are very passionate about it.

“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.”

According to him, the Network Code Go-Live aims to operationalise and harmonise gas balancing arrangements to support the completion

and functioning of the Nigerian gas market.

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.

He said the Go-Live of the Network code would open up new developments in the gas supply chain including  intensification of gas use in the transportation sector (in both Liquefied Natural Gas and Compressed Natural Gas forms).

Derefaka added that it would also increase usage of Liquefied Petroleum Gas for cooking which would reduce Nigeria’s carbon emissions and deforestation.

In the meantime, ExxonMobil on Saturday announced the appointment of Richard Laing as Chairman and Managing Director of its three affiliates in Nigeria.

Mr. Ogechukwu Udeagha, Manager, Media and Communications, ExxonMobil confirmed in a statement in Eket.

The three affiliates are Mobil Producing Nigeria Unlimited, Esso Exploration and Production Nigeria Limited and Esso Exploration and Production Nigeria (Offshore East).

Udeagha said that the appointment takes effect from Aug. 1.

He said that Laing replaced Paul McGrath, who has been appointed Vice President, Global Projects for ExxonMobil in Houston after more than three years in Nigeria.

“Prior to his appointment, Laing was executive director of oil and gas production and related support groups for all of the ExxonMobil affiliates in Nigeria.

”Laing joined ExxonMobil in 1989 and has held variety of engineering, planning, safety and managerial positions in upstream and downstream operations while working in the U.K, Qatar, U.S. and Nigeria,” he said.

Udeagha said that Laing holds a bachelor’s degree in Mining and Petroleum Engineering from the University of Strathclyde, Glasgow and Master’s in Petroleum Engineering from Heriot-Watt University, Edinburgh.

Responding, Liang said; “It is a privilege to lead the ExxonMobil team in Nigeria and build on the work that Paul McGrath had done over the last three years.

“I look forward to the work that lies ahead and continuing the company’s outstanding relationships,” Liang said.

 

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Maritime First