Gas exploitation, utilisation dependent on fiscal environment | The Guardian Nigeria News


…NNPC warns against panic buying, assures of adequate fuel supply
As the Federal Government implements its decade of gas agenda and embraces energy transition, stakeholders have argued that effective gas exploitation and domestic utilisation will depend on respect for sanctity of contracts and the regulatory environment.

According to them, gas remains the cheapest source of energy for manufacturers.

Besides, the Nigerian National Petroleum Corporation (NNPC) has assured Nigerians that there would be no fuel scarcity as speculated.

The Group Managing Director, NNPC, Mele Kyari, explained that presently, over 1.7 billion litres of Premium Motor Spirit (PMS) are available for consumption as another 2.3 billion litres are expected to be imported into the country in the coming weeks.

Kyari at the Association of Energy Correspondents (NAEC) 2021 strategic international yearly conference in Lagos, said plans are also ongoing to ensure the free flow of the commodity across the…

Source: Guardian Newspaper

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