Abuja, July 12, 2023 – The Nigerian Midstream and Downstream Regulatory Authority (NMDPRA) will release the new gas pricing template today.
Farouk Ahmed, the Chief Executive of authority, announced this in Abuja on Wednesday.
He said that the authority had reviewed the new gas pricing template with Olu Verheijen, the Adviser to President Bola Tinubu on Energy,
Ahmed also the authority had already engaged the relevant stakeholders like the Nigerian Electricity Regulatory Commission (NERC) as well as consulted with the commercial sector and all had aligned with the new pricing template.
“Recently we have been engaging with all the stakeholders in arriving at the domestic price for gas.
“Very soon after the review with the Adviser today (Wednesday), we want to release the new price for the sector.
“We have consulted with NERC. We have consulted with the commercial sector and we have all aligned on the pricing and today we want to release the new price.” (GBN)
