National Gas Transportation Network Code goes live August 10 -

The National Gas Transportation Network Code launched in February, by Timipre Sylva, minister of state for Petroleum Resources will go live on August 10, 2020.

The Network Code will open a vista of opportunities for investors interested in the gas sub-sector of the oil and gas industry. As encapsulated in the National Gas Policy (2017), the networking code is critical to the government’s objective in firming up the country’s domestic gas obligation as well as promoting export.

It will ensure that the wrong quality gas does not go into the pipeline in addition to guaranteeing gas pipeline integrity, open access to a pipeline, and a common understanding of metering. The review of the Network Code licensing framework and development of all its ancillary agreements have been firmed.

The code will also provide a uniform platform in terms of guidelines for agreements between buyers and sellers which will ensure transparency and eliminate existing bottlenecks. It is a major policy thrust of government to unlocking the potentials of gas as a resource and revenue earner for Nigeria

It is believed that the implementation of the code would provide for investors in gas, the confidence to invest heavily in the sector, and enable Nigeria to consolidate on the multiplier effect of gas on the economy.

Justice Derefaka, Technical Adviser, Gas Business & Policy Implementation, To the Honorable Minister of State, Petroleum Resources said he is the best gift of the year to the gas sector and indeed the international investor community even as the Honorable Minister of State, Petroleum Resources, H.E Chief Timipre Sylva has towards the end of last year declared this year 2020 as the ‘Year of Gas’.

“Once we go live on Monday, 10th August, The Network Code will time as a gas market liberalization enabler aimed at ensuring gas pipeline integrity, open access to a pipeline and common understanding on metering with a set of rules and protocols designed to govern the operations of gas network players in a way that impacts the gas market as part of efforts towards transparency and efficiency in the operation of pipelines in the country,” Derefaka said.

Isaac Anyaogu

Isaac Anyaogu is an Assistant editor and head of the energy and environment desk. He is an award-winning journalist who has written hundreds of reports on Nigeria’s oil and gas industry, energy and environmental policies, regulation and climate change impacts in Africa. He was part of a journalist team that investigated lead acid pollution by an Indian recycler in Nigeria and won the international prize - Fetisov Journalism award in 2020. Mr Anyaogu joined BusinessDay in January 2016 as a multimedia content producer on the energy desk and rose to head the desk in October 2020 after several ground breaking stories and multiple award wining stories. His reporting covers start-ups, companies and markets, financing and regulatory policies in the power sector, oil and gas, renewable energy and environmental sectors He has covered the Niger Delta crises, and corruption in NIgeria’s petroleum product imports. He left the Audit and Consulting firm, OR&C Consultants in 2015 after three years to write for BusinessDay and his background working with financial statements, audit reports and tax consulting assignments significantly benefited his reporting. Mr Anyaogu studied mass communications and Media Studies and has attended several training programmes in Ghana, South Africa and the United States

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