The Nigerian National Petroleum Corporation (NNPC) has disclosed that it increased gas supply to power plants by 19.14 percent in April and transferred about N219.16 billion crude oil proceeds from domestic crude oil and gas sales to the Federation Account Allocation Account (FAAC).
In a press release in Abuja, NNPC’s spokesperson, Kennie Obateru, stated that the growth equaled 788millon standard cubic feet of gas per day (mmscfd), capable of producing 2,873 megawatts of electricity.
The total output of 226.51 billion cubic feet equivalent to the average daily production of 7,786.17 million, translating to 3.73 percent improvement over the figure for the month before, was reported in April, NNPC noted in its Monthly Financial and Operations Report (MFOR) for April.
External oil receipt of $193.05 million was posted in the month, NNPC confirmed.
“Out of this figure, a total of 136.44BCF of gas was commercialized, consisting of 36.99BCF and 99.45BCF for the domestic and export market, respectively.
“Out of the 1,233.01mmscfd of gas supplied to the domestic market in April 2020, about 787.70mmscfd, representing 63.88 percent was supplied to gas-fired power plants, while the balance of 445.31mmscfd or 36.12 percent was supplied to other industries,” it added.
The report mentioned that 0.94 billion litres of gasoline representing 31.37 million litres per day for the month in the downstream sector.
Vandalised pipeline points scaled up by 19 to 65 between March and April. The Atlas-Cove Mosimi stretch was worst hit by pipeline breach, accounting for 55 percent of cases. Mosimi Ore contributed 22 percent while the rest were responsible for 23 percent of the incidents.