Nigeria’s new gas policy could see pricing change

By Miriam Malek 24 July 2017
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Construction work on a Nigerian power plant. (Azura Power) Construction work on a Nigerian power plant. (Azura Power)

Nigeria’s new national Gas Policy calls for a shift towards “market-led” gas pricing, but industry sources are unsure what this means and how it will be achieved.

The policy, which was approved earlier this month, outlines the government’s aims for gas in the coming years and could pave the way for new legislation. It is designed to reduce Nigeria’s reliance on oil by increasing exploration for and domestic use of gas.

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