An agency of the Federal Government, the Nigerian Midstream and Downstream Petroleum Regulatory Authority , unveiled the new domestic base price and wholesale prices of natural gas for 2024, jacking it up to $2.42 per metric million British thermal units, from the previous rate of $2.18mmbtu.
Ahmed said the Petroleum Industry Act 2021 assented to by President Bola Tinubu on August 16, 2021, and gazetted in August 2021, provided a clear regulatory framework for the determination of a market-based pricing regime for the domestic gas market. “ The price must be of a level to bring forward sufficient natural gas supplies for the domestic market on a voluntary basis by the upstream producers.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più: