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

Page 7 of 17
B 60 
(3) On or before Ist March of each year, all producers selling natural 
gas to the export market shall report to the Authority — 
() 
their average export parity price for the previous year 
: and 
(h) information on the export parity price. which shall be the applicable 
export parity price where marketable natural gas is exported by such producers 
rather than raw gas, including 
the quality specifications published by the Authority. 
(4) 
On or before 
Ist March of each calendar year, the Authority shall 
determine the gas transport and processing allowance. 
(5) Transport and processing allowance shall consist of — 
(a) transport tariff for the distance over which raw gas 
is typically 
transported to a gas processing plant 
. and 
(pb) the processing tariff for 
a median capacity 
sized gas processing 
plant processing natural gas aimed solely at the domestic market. 
(6) Pending the determination of specific allowance by the Authority, 
USD$0.15 per MMBtu shall be the applicable transport tariff. 
(7) 
On or before 15th March of each calendar year, the Commission 
shall inform the Authority of the domestic gas supply price. 
(8) 
Pursuant to regulation 8(2) of these Regulations. the Authority shall 
determine the domestic base price, which shall apply from 
Ist April of each 
year until 31st March of the following 
year to all marketable gas delivery points, 
(9) 
The wholesale price for the strategic 
sectors based on domestic base 
price 
shall not be higher than the average international gas price in accordance 
with this regulation and the Second Schedule to these Regulations, unless the 
related conditions under Paragraph (1) of the Third Schedule to the Act apply. 
9.—(1) 
The Authority shall determine and publish 
the average 
international 
international gas price annually, which shall not be higher than the domestic 
Basipetces 
base price. 
(2) The average international gas price shall be based on the arithmetic 
countries that are 
average of similar natural gas prices in major emerging 
significant producers of natural gas. 
(3) The Authority may by notice publish the list 
of countries used in the 
determination of average international gas price. 
(4) 
The Authority 
shall. prior to 
fst February of cach calendar year, 
determine the latest applicable gas prices in the respective countries. 
Feed gas 
10.—(1) The Authority shall determine the applicable natural 
‘ 
gas prices 
prices 
for gas based industry on a monthly basis. bas: 
ge month end 
product prices for the current month 
in order to determine the price levels 
-d on the aver 
applicable for payments during subsequent month. 
as provided for inthe Fourth 
Schedule to the 
‘