Afrindustria/ Gas Gap Monitor

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

Extraordinary Federal Republic of Nigeria Official Gazette No. 35

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(2) 
A 
licensee ofa gas based industry shall provide the Authority with 
information as the Authority may require from time to time in order to determine 
the feed gas prices. 
H(i) 
Prior to 
15th March of every 
year, 
a gas aggregator shall 
Domestic 
obtain from the Commission the domestic gas delivery obligation volumes 
— gas 
ag 
ation. 
allocated to gas producers. 
(2) 
The Authority shal! notify a domestic gas aggregator of the domestic 
gas demand requirement for the strategic sectors pursuant to regulation 5(3) 
of these Regulations. 
(3) 
The volumes reported 
by 
the Authority pursuant 
to the Third 
sub-regulation (2) of this regulation shall 
Schedule to the Act and 
unde 
correspond, subject to any adjustments arising from failure to -— 
(ct) supply under section 110(10) of the Act 
: and 
(b) engage 
in wholesale purchase of marketable gas reported pursuant 
to subregulation (2) 
of this regulation. 
(4) Where the volumes reported by the Commission and Authority do 
hot correspond, the domestic gas 
aggregator shall report back to the Commis: 
ary, the 
- 
Commission or the Authority or both. shall adjust the volumes in order to 
finalise the domestic gas delivery obligation to be managed by the domestic 
gas aggregator. 
ion 
and the Authority. the possible discrepancies, and where neces: 
(5) Where the volume of the allocated domestic gas delivery obligation 
is less than the domestic gas demand requirement due to insufficient voluntary 
supplies. the domestic gas aggregator shall develop and apply the curtailment 
scheme as approved by the Authority pursuant 
to section 154 (c) of the Act, to 
the requirements of wholesale customers in order for the volumes to correspond 
and advise the respective wholesale customers to enter into agreements with 
producers on a free market basis. 
(6) The Authority shall upon approval of 
an application and paymentof 
prescribed fees. grant and issue a qualified person a domestic gas aggregation 
licence. which shall be valid fora period of two years, effective from the date 
of the grant of the licence. 
(7) 
A wholesale customer who w ishes to be a client of a domestic gas 
aggregator and who has reported the required volumes under the domestic 
gas demand requirement to the Authority 
shall propose such volumes with the 
domestic gas aggregator and apply for the corresponding gas purchase order, 
(8) 
Upon receipt 
of an application, 
a domestic gas ag 
ttor shall 
conduct due diligence on a wholesale customer, to determine 
its ability 
to 
engage in the wholesale purchase of marketable natural eas,