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NEWS

NMDPRA Releases New Gas Prices Today

July 12, 2023 • 1 min read

After a review with the Adviser to President Bola Tinubu on Energy, Olu Verheijen, the Nigerian Midstream and Downstream Regulatory Authority (NMDPRA) will release the new gas pricing template today.

The authority’s Chief Executive Officer, Engr. Farouk Ahmed broke the news at the launch of the headquarters of “Decade of Gas” in Abuja.

He noted that the authority had already engaged the relevant stakeholders like the Nigerian Electricity Regulatory Commission (NERC).

He added that NMDPRA had also consulted the commercial sector that had all aligned with the new pricing template.

He said: “Recently we have been engaging with all the stakeholders in arriving at the domestic price for gas.

“Very soon after the review with the Adviser today (Wednesday), we want to release the new price for the sector.

“We have consulted with NERC. We have consulted with the commercial sector and we have all aligned on the pricing and today we want to release the new price.”