The Nigerian National Petroleum Corporation (NNPC), has said that Nigeria’s effort at attracting investors into its gas utilisation drive and creating value for the economy is responsible for different gas prices in the domestic market.
Bello Rabiu, chief operating officer, NNPC Upstream, disclosed this at the just concluded annual conference and exhibition of the Society of Petroleum Engineers (SPE) in Lagos on Wednesday.
He explained there are different gas prices for various sectors of the economy, including power, which is different from that of industries and gas-based entities like fertilisers and petrochemicals.
The NNPC chief, who did not specify the exact amount for the various categories of gas product, said the end goal was for Nigerian companies to compete favourably with companies that produce similar products around the world.
