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N250bn intervention ll deepen domestic gas consumption – Experts

Punch Newspapers Sections Published 30 May 2021 Industry players in the oil and gas sector have been urged to take advantage of the N250bn gas intervention fund set aside by the Central Bank of Nigeria to deepen gas consumption across the country. Oil and gas experts and economic analysts said the target of expanding the consumption of Liquefied Petroleum Gas (cooking gas) in Nigeria would be substantially achieved with the appropriate deployment of the fund.  The use of cooking gas in Nigeria increased to one million metric tonnes in 2020 from about 400MT consumption level recorded four years ago.  Operators said the increase was on the backdrop of the removal of the subsidy on kerosene, but noted that LPG penetration was still far from the national target of five million metric tonnes set for next year.

Breaking News | How CBN s N250bn Gas Plan Will Boost LPG Consumption – Experts

How CBN s N250bn gas plan will boost LPG consumption - experts

How CBN s N250bn gas plan will boost LPG consumption - experts
vanguardngr.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vanguardngr.com Daily Mail and Mail on Sunday newspapers.

OGDCL injects 12 more wells in production gathering system in nine months

Daily Times May 27, 2021 Oil and Gas Development Company Limited (OGDCL), during the first three quarters of the current fiscal year, has injected as many as 12 more operated wells in the production gathering system aimed at tackling the natural depletion in existing reserves and meeting the country’s ever-increasing energy needs. “Decline in the production was partially mitigated by injection of 12 operated wells in the system including Mela-7, Pasakhi-11, TAY South West-1, Saand-1 & 2, Umair-1, Mangrio-1, Togh Bala-1, Nashpa-10, Pasakhi Deep-6, Pasakhi West Deep-2 and Qadirpur-62 which cumulatively yielded gross crude oil and gas production of 371,918 barrels (BBL) and 6,769 Million Cubic Feet (MMCF) respectively,” according to an official report available with APP. During the period under review, the oil and gas production was impacted primarily by a natural decline at Kunnar, KPD-TAY, Dakhni, Sinjhoro and Nashpa fields. Moreover, lower production was recorded on account

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