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NNPC supplies 1.44bn litres of PMS in January – Report

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By Edith Ike-Eboh
The Nigerian National Petroleum Corporation (NNPC) claims to have supplied 1.44 billion liters of Premium Motor Spirit (PMS) also known as gasoline in January 2021.

The company disclosed this in its Monthly and Financial Operations Report (MFOR) released Tuesday in Abuja.

“To ensure energy security, the company also supplied a total of 1.44 billion liters of gasoline, or 46.30 million liters / day, across the country during the period under review,” a- he indicated.

In the gas sector, the report found that a total of 223.55 billion cubic feet (BCF) of natural gas was produced during the month under review.

He said that translates to an average daily production of 7,220.22 million standard cubic feet per day (mmscfd).

“The gas production figure of 223.55BCF also represents a 4.79% increase over production in December 2020.

“In addition, the average daily supply of natural gas to gas-fired power plants increased by 2.38% to reach 836 mmscfd, or the equivalent of an electricity production of 3,415 MW.

“For the period January 2020 to January 2021, a total of 2,973.01BCF of gas was produced representing an average daily production of 7,585.78 mmscfd during the period.

“The cumulative production of joint ventures (JV), production sharing contracts (PSC) and the Nigerian Petroleum Development Company (NPDC) contributed 65.20%, 19.97% and 14.83% respectively to total national gas production, ” It said.

He said out of the total gas production in January 2021, a total of 149.24BCF of gas was marketed, or 44.29BCF and 104.95BCF for domestic and export markets, respectively.

He said this translates into a total gas supply of 1,428.65 mmscfd in the domestic market and 3,385.57 mmscfd in the export market during the month under review.

“This indicates that 67.15% of the daily gas production was marketed while the balance of 32.85% was reinjected and used as upstream fuel or flared.

“The gas flaring rate was 7.73% for the month under review (ie 554.01 mmscfd) compared to an average flaring rate of 7.19% (ie 539.69 mmscfd) for the period of January 2020 to January 2021.

Regarding pipeline vandalism, MFOR noted that it recorded a 37.21% decrease in pipeline vandalism cases across the country during the month under review.

He also said a total of 27 pipeline points were vandalized in January 2021, down from 43 points recorded in December 2020.

He said the Mosimi area accounted for 74 percent of vandalized points, while the Kaduna and Port Harcourt area accounted for the remaining 22 and 4 percent respectively.

However, the report states that the NNPC continuously worked with local communities and other stakeholders to reduce and ultimately eliminate the threat of pipeline vandalism.

The 66th edition of the NNPC MFOR highlights the activities of the NNPC for the period from January 2020 to January 2021.

It is published in accordance with the Company’s commitment to the principles of Transparency, Accountability and Performance Excellence (TAPE). (NOPE)

(NAN)

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