NPDC Supplied Half a Trillion Cubic Feet, Earned ₦210Billion, from Natural Gas Supply, in 2020

By Toyin Akinosho

Nigeria Petroleum Development Company (NPDC) supplied 529.7Billion standard cubic feet of gas to 13 companies in 2020, earning ₦210Billion for its effort, according to the audited 2020 annual report of the Nigeria National Petroleum Corporation (NNPC), released in September 2021.

NPDC, the NNPC’s E&P operating subsidiary, supplied close to half of the volumes to NLNG, the report says.

NLNG, intriguingly received 256Bcf of gas throughout the year, or around 700Million standard cubic feet a day.

The least offtaker of gas from NPDC in 2020 was Dangote Fertilizer, which is also NPDC’s newest customer, as it started operations in 2020.

The NLNG data is intriguing because the only acreages in NPDC portfolio…Click here to read full article


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