NMDPRA, Stakeholders Collaborate To Address Wholesale Gas Challenges

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By Rukayat Adeyemi

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has reiterated its commitment to addressing and resolving critical regulatory challenges within the wholesale supply sector for natural gas and petroleum liquids.

The Chief Executive Officer of NMDPRA, Mr Farouk Ahmed, said this during a stakeholder sensitisation on Monday in Lagos.

Ahmed, who was represented by his Secreatary and Legal Adviser, Dr Joseph Tolorunse, said that the workshop aimed at clarifying and enhancing the implementation of regulations governing wholesale supply operations of natural gas and petroleum liquids in Nigeria.

The News Agency of Nigeria (NAN) reports that a central topic of the workshop was the 0.5 per cent levy associated with the Midstream Downstream Gas Infrastructure Fund.

Ahmed said that this levy would be reassessed to ensure compliance with the Petroleum Industry Act (PIA), which was introduced in August 2021, replacing…



Source: News Agency of Nigeria