Library / Extraordinary Federal Republic of Nigeria Official Gazette No. 35
Extraordinary Federal Republic of Nigeria Official Gazette No. 35

Page 12 of 17
17.—{1) 
The National Gas Supply and Pricing Regulations, 2008, 
is 
revoked. 
(2) The revocation of the Regulations specified in subregulation (1) of 
this regulation shall not affect anything done or purported to be done under or 
pursuant to the revoked Regulations. 
(3) Gas prices under the revoked Regulations is preserved under these 
Regulations 
till Ist 
April, 2023. 
18. 
In these Regulations — 
“dct means the Petroleum Industry Act, No. 6, 2021 
: 
“Adjusted EPP™ means price of gas in the domestic market on considering 
raw gas price, processing price, marketable gas price and gas volumes 
: 
“Capped Free Market Price” means the price applicable 
to gas 
distributors on the basis of section 167(7) of the Act: 
“Commission” means the Nigerian Upstream Petroleum Regulatory 
Commission (NUPRC) 
: 
“Domestic Base Price means the price determined pursuant to section 
167(1) and the Third Schedule to the Act. and shall apply to power sector 
pursuant to section 167(5) of the Act and the commercial sector pursuant 
to section 167(6) of the Act and gas based industry 
; 
“Domestic Gas Supply Price” means the price established by the 
Commission on the basis of gas supply curves submitted by the lessees, for 
the purpose of allocating the domestic gas delivery obligations pursuant to 
the Act and Regulations 
: 
“Energy Intensive” means any commercial or industrial activity, where 
the cost of energy. 
in terms of electricity and fossil fuels, represents 
a 
significant part of the total cost of operations 
: 
“Export Parity Price (“EPP”) means the price received 
by 
natural 
gas producers from NLNG or other gas exporters for raw gas at the 
Measurement point in the field on an arm's length basis for the purpose of 
exporting natural eas as LNG or by export pipeline and for the sale of 
natural gas liquids at the exit of the facilities of the buyer 
: 
“Feed Gas Price” means a gas price for one of the gas based industries 
pursuant to the Fourth Schedule to the Act: 
“Free Market Basis” means sales ona voluntary seller and voluntary 
buyer basis, and shall be at arm’s length sales 
: 
: 
“Free Market Prices” means prices entered into on a free-market basis 
: 
“Gas Conditioning” means the treatment of raw 
gas through de- 
hydration. nitrogen removal, hydrogen-sulfide removal. carbon-dioxide 
removal or other similar Processes, but not including NGL removal or 
fractionation. with the purpose of producing marketable gas or raw vas 
suitable for transportation to a gas processing plant or for sale or delivery 
to the market 
: 
B 65 
Revocation, 
savings 
and 
transitional 
provisions. 
Interpretation,