Library / Gas Pricing and Domestic Demand Regulations 2023
Gas Pricing and Domestic Demand Regulations 2023
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S. 1. No. 7 of 2022 PETROLEUM INDUSTRY ACT, NO. 6, 2021 GAS PRICING AND DOMESTIC DEMAND REGULATIONS. 2023 [9th Day of February, 2023] In exercise of the powers conferred on ii by section 33 ef the Petroleum Industry Act, No. 6. 2021 (“the Act") and all other powers enabling it in that behalf, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (“the Authority”) make the following Regulations — 1.—(1) The objectives of these Regulations are to — (a) regulate the prices of marketable natural gas of the strategic sectors under the Act : and (h) identify the unregulated markets and make provisions for such market. : 2. These Regulations apply to regulated and unregulated gas prices of the strategic sectors. 3.—(1) The Authority shall by notice publish on its website or any other means. the quality specifications of marketable natural gas. (2) Where the Authority intends to change the quality specifications, it shall publish the change not later than six months prior to the implementation of the change. (3) Where the quality specifications of natural gas are changed by the Authority, existing gas purchase and sales contracts or other firm delivery commitments of marketable natural gas, shall be adjusted to the new specifications within a timeframe specified by the Authority. (4) Where a gas transportation pipeline is for own use. but subjected to third party access, the agreed parameters of the gas specification shall be reported to the Authority for approval. 4.—(1) For the purpose of implementing the provisions of section 167 of the Act, the Authority shall, by notice in the Federal Government Gazette. publish the list of industries constituting the strategic sectors, provided that — (a) the power sector shall not include mini-arids that are self-contained and disconnected from the National grid ands rve rural or other communities based primarily on renewable power, but in some cases, may have fossil fuels as backup power : (b) the power sector shall not include captive and embedded power plants used exclusively for electricity generation fora single user, unless such user qualify under subregulation 4(d) of this regulation as commercial sector : : Commence: ment. Objectives. Application. Quality specifications of nuairketable natural gas Determination of the
RegulationsPDF20232023-024