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FG Launches New Gas Transportation Network Code
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Timipre Sylva/File Photo
The Federal Government has inaugurated a new Nigerian Gas Transportation Network Code (NGTNC) to enhance gas production and revenue generation in the country.
The code was inaugurated by the Minister of State for Petroleum Resources, Timipre Sylva at the opening of the Nigeria International Petroleum Summit (NIPS) in Abuja on Monday.
He said that the code would help to guide gas transporters and suppliers as 2020 had been declared the year of gas.
“On Feb. 10, the Nigerian Gas Transportation Network Code shall apply to all gas transportation arrangements between gas transporters and gas shippers as defined in the Code.
“The transporter and all existing users of the transportation network shall, within six months of the date of this Directive, migrate from existing Gas Transportation Agreements to the Network Code by executing the necessary Ancillary Agreements.
“All new and intending users shall make use of the network based on the terms and conditions provided in the Network Code.
“The Network Code remains the uniform protocol for users of the Gas Transportation Network and can only be modified in accordance with relevant provisions therein, the ancillary agreements are negotiated by the relevant parties,’’ he said.
