The Federal Government has concluded arrangements to announce a new template for gas pricing for the country.
This was made known by the Nigerian Midstream and Downstream Regulatory Authority (NMDPRA) on Wednesday.
The Chief Executive Officer of the Authority,Engr. Farouk Ahmed who disclosed the news at the launch of the headquarters of “Decade of Gas,” in Abuja said that the decision was taken after a review with Olu Verhejen, Special Adviser to the President on Energy.
Ahmed said that the authority has already engaged the relevant stakeholders like the Nigerian Electricity Regulatory Commission (NERC).
He added that NMDPRA has also consulted the commercial sector that have all aligned with the new pricing template.
“Recently we have been engaging with all the stakeholders in arriving at the domestic price for gas.
“Very soon after the review with the Adviser today (Wednesday), we want to release the new price for the sector.
“We have consulted with NERC. We have consulted with the commercial sector and we have all aligned on the pricing and today we want to release the new price.”
