1.44 billion litres PMS supplied in January, says NNPC

The Nigerian National Petroleum Corporation supplied a total of 1.44 billion litres of Premium Motor Spirit, also known as petrol, in January 2021.

The corporation disclosed this on its ‘Monthly and Financial Operations Report’ released on Tuesday.

According to the report, the corporation supplied the 1.44 billion litres of petrol translating to 46.30 million liters/day, across the country to guarantee energy security.

The report also revealed that a total of 223.55 billion cubic feet of natural gas was produced in the month under review, which translated into an average daily production of 7,220.22 million standard cubic feet per day.

The 223.55bcf gas production represented a 4.79 per cent increase over output in December 2020.

Further analysis on the report showed that the daily average natural gas supply to gas power plants increased by 2.38 per cent to 836mmscfd, equivalent to power generation of 3,415 megawatts.

For the period of January 2020 to January 2021, a total of 2,973.01bcf of gas was produced, which represented an average daily production of 7,585.78mmscfd.

Production from Joint Ventures, Production Sharing Contracts and Nigerian Petroleum Development Company contributed about 65.20 per cent, 19.97 per cent, and 14.83 per cent respectively to the total national gas production.

A total of 149.24bcf of gas was commercialised consisting of 44.29bcf and 104.95bcf for the domestic and export markets respectively, in the month under review.

It further disclosed that this translated to a total supply of 1,428.65mmscfd of gas to the domestic market and 3,385.57mmscfd to the export market.

It added that 67.15 per cent of the daily gas output was commercialised while a balance of 32.85 per cent was re-injected and used as upstream fuel or flared.

Gas flare rate was 7.73 per cent or 554.01mmscfd in the reviewed month, compared to an average gas flare rate of 7.19 per cent or 539.69mmscfd in the period of January 2020 to January 2021.

The corporation recorded a decrease in cases of pipeline vandalism, put at 37.21 per cent across the country, which indicated a total of 27 pipeline points vandalised in January 2021 down from 43 points recorded in December 2020.

Ehime Alex
Ehime Alex
Ehime Alex reports the Capital Market, Energy, and ICT. He is a skilled webmaster and digital media enthusiast.

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