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Gas Pricing and Domestic Demand Regulations, Statutory Instrument no. 7 of 2023.

Country/Territory
Nigeria
Document type
Regulation
Date
2023
Source
FAO, FAOLEX
Original source
Federal Republic of Nigeria Official Gazette no. 35 of 2023.
Subject
Energy
Keyword
Authorization/permit Business/industry/corporations Classification/declassification Consumer protection Contract/agreement Cooperative/producer organization Energy conservation/energy production Internal trade International trade Natural gas
Geographical area
Africa, North Atlantic, Western Africa
Abstract

These Regulations, made under section 33 of the Petroleum Industry Act, No. 6, of 2021, apply to regulated and unregulated gas prices of the strategic sectors, and provide for identifying the unregulated markets; regulating the prices of marketable natural gas of the strategic sectors. The Regulations concern: quality specifications of marketable natural gas; determination of the list of industries identified as strategic sectors, including: power sector serving rural communities, power sector for electricity generation, gas based industries, industrial and commercial activities which utilise gas as energy source; pricing classification for natural gas markets in the country and its application to independent gas retailers, exporters and gas distributors; determination of domestic base and average international gas prices; measures for ensuring customer protection; adoption of free market conditions; offences and penalties.

Full text
English
Website
www.nmdpra.gov.ng

References - Legislation

Implements

Petroleum Industry Act, no. 6 of 2021.

Legislation | Nigeria | 2021

Keyword: Energy conservation/energy production, Authorization/permit, Business/industry/corporations, Community management, Concession, Consumer protection, Continental shelf, Contract/agreement, Court/tribunal, Traditional rights/customary rights, Environmental standards, Exploration, Royalties/fees, Financing, Framework law, Governance, Institution, Mining, Natural gas, Offences/penalties, Oil, Ownership, Policy/planning, Procedural matters, Social protection, Transport/storage, Sustainable development, Tax/levy, Use restrictions, Standards, Protection of environment, Enforcement/compliance, Fiscal and market measures, Indigenous peoples

Source: FAO, FAOLEX