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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(9) Upon satisfactory due diligence, 
a domestic gas aggregator shall 
issue the gas purchase order to a wholesale customer. 
(10) A gas purchase order shall specify — 
(a) 
the lessee expected to supply the required natural gas 
: 
(h) the quantity and quality of marketable natural gas 
to be supplied to a 
wholesale customer 
; 
(c) the price payable by the wholesale customer based on sections 167 
and 168 of the Act at the marketable gas delivery point 
; 
(d) 
the location for the delivery of the natural gas pursuant to section 
110(7) of the Act, 
(e) 
the delivery schedule 
; and 
(7) such other details as may 
be determined by the domestic gas 
aggregator. 
(11) 
Where the location referred to 
in subregulation 
10(d/) of 
this 
regulation is different from the marketable gas delivery point, the wholesale 
customer shall be responsible for the applicable transport tariff from the 
marketable gas delivery point to such location. 
(12) The issuance of a gas purchase order by 
a domestic gas aggregator 
shall be sufficient evidence that quantity of gas has been allocated to the 
wholesale customer pursuant to the domestic market demand requirement. 
(13) A domestic gas aggregator shall allocate gas purchase orders in the 
same sequence as indicated by the Authority under regulation 10(1) of these 
Regulations, provided that the domestic gas aggregator may make such 
modifications as required in order to ensure that each producer provides all 
the required volumes of one or more wholesale customers. 
(14) 
Upon the issuance of the gas purchase order to a producer, the 
producer and wholesale customer may enter into 
a gas purchase and sale 
agreement pursuant to section 156 of the Act, provided that where the parties 
intend to continue to make use of the escrow account mechanism under section 
154(g) of the Act, the parties shall continue to adhere to the — 
(a) aggregated prices determined by the domestic gas 
on Domestic Based Price 
; and 
2gregator based 
(b) wholesale prices determined by the Authority on a yearly basis for 
the power and commercial sector, and on monthly basis for the gas based 
industries. 
(15) Where a producer and wholesale customer enter into a gas purchase 
and sale agreement, or other agreement prior to the effective date of the Act, 
and such agreement continues, the domestic gas aggregator shall send an 
adjustment to the earlier gas purchase order, in order to adjust the order to the 
provisions of the Act.