On 2nd November 2017, the DPR organised a DSO Stakeholders Forum at Eko Hotel and Suites, Victoria Island, Lagos with the theme “Solving the Challenges in the Domestic Gas Market Value Chain”. The focus of the forum was on sustaining gas supply to the domestic market to promote usage in Gas to Power (GTP), Gas-based Industries (GBI) and the commercial sub sector.
In adherence to the provisions of the “National Gas Supply and Pricing Regulations 2008, Paragraph 2”, the DPR is authorised to allocate gas quantities by way of Domestic Gas Supply Obligations (DSO) to petroleum producers. The DPR subsequently monitors and guides the domestic gas market to ensure compliance.
The objective of the Domestic Gas Supply and Pricing Regulation 2008 includes:
- To make adequate gas available to the domestic gas market
- Underpin the realization of the Gas Master Plan
- Grow and make the domestic gas sector robust
- Develop key pipeline and gas plant infrastructure
- Eliminate routine gas flaring
On 12th October 2016, DPR made a presentation to all industry stakeholders on the theme “Developing Market Synergies”. During this forum, DPR showcased and provided insights on the future of the domestic gas market.
Nigeria currently ranks ninth in the world for proved and probable natural gas reserves, estimated at about 199TCF as at 1st January 2017. The country is often referred to as a “gas province”, with further studies showing an undiscovered gas resource potential in excess of 600TCF.
The forum was largely attended and drew participation from industry stakeholders like; Chevron, SPDC, NNPC, TOTAL, SEPLAT, GACN, NGPTC, NDPHC, Egbin PLC, INDORAMA, SIEMENS etc. Several presentations were made and interactive sessions provided the platform to proffer solutions for the domestic gas market.