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GUIDELINES FOR WHOLESALE GAS AND PETROLEUM LIQUIDS SUPPLY OPERATIONS_GUIDE_2_2024

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Applicable to  
• 
Midstream and Downstream Petroleum 
Operators  
• 
Lease Holders  
GUIDELINES FOR WHOLESALE GAS AND PETROLEUM LIQUIDS 
SUPPLY OPERATIONS  
Code: NMDPRA Guide- 2-2024 
Revision Date: 9th September 2024 
 
This is a property of the Nigerian Midstream and Downstream Petroleum Regulatory Authority. All rights reserved.  
12 
 
 
7 
GLOSSARY 
Abbreviations, terms and references used in this document are explained hereunder:  
Abbreviation 
Meaning 
ACE 
Authority Chief Executive 
BBL 
Barrels 
BSCFD 
Billion Stand Cubic Feet Per Day 
BS & W 
Basic Sediment and Water 
CBN 
Central Bank of Nigeria 
COQ 
Certificate Of Quantity and Quality 
FMITI 
Federal Ministry of Trade and Investment  
FPSO 
Floating Production Storage and Offloading 
GBI 
Gas Based Industry  
GPSA 
Gas Purchase and Sales Agreement  
GTC 
Gas To Commercial  
GTP 
Gas To Power 
MDPFR 
Midstream and Downstream Petroleum Fees Regulations 2024 
MDPOR 
Midstream and Downstream Petroleum Operations Regulations 2023 
NMDPRA 
Nigerian Midstream and Downstream Petroleum Regulatory Authority 
NUPRC 
Nigerian Upstream Petroleum Regulatory Commission 
MMSCFD  
Million Stand Cubic Feet Per Day 
PIA 
Petroleum Industry Act 2021