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Gencos not taking enough gas nor paying for that which they take – NGA

Gas producers under the aegis of Nigerian Gas Association have said that they are ready to provide the volume of gas required for the generation of 7,000MW of electricity, as against what was being generated by Gencos across the country but that Gencos were beginning to default in terms of payment for gas and were also not accepting the required volume of gas needed to generate more electricity, The Punch reports.

Speaking on behalf of gas producers, the President, NGA, Dada Thomas, said, “When you talk to specific operators, they will tell you that it is the Gencos that are not taking the gas.” Thomas, who is also the Managing Director, Frontier Oil Limited, a key upstream oil and gas firm, added, “We have 13,000MW of generation capacity installed in Nigeria, while the technically available capacity is about 7,000MW to 8,000MW. If they (Gencos) blame their inability to meet the technical capacity on gas supply, I’m saying that it is not factually true.”

“I’ve spoken to other gas suppliers who are in the same situation where the gas off-takers, the Gencos are not taking the full amount of gas that they ought to take,” he added. The NGA president further noted that many Gencos had not even paid for the volume of gas supplied to them by gas producers. “The generating companies are not taking the gas and even the gas that they are taking they are not Paying for it,” he said.

The post Gencos not taking enough gas nor paying for that which they take – NGA appeared first on Energy News | Oil and Gas News.



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