The Nigerian National Petroleum Corporation (NNPC) stated that the volume of gas available to thermal power plants in Nigeria has experienced a rapid fall in price by 50per cent, from 1,400million standard cubic feet of gas per day (mmscf/d) to barely 700mmscf/d due to renewed vandalism of gas pipelines, Thisday reports
Dr. Maikanti Baru, Group Managing Director of the (NNPC) made this known when he paid a courtesy call on the Chief of Defence Staff (CDS), General Gabriel Olonishakin at the Defence Headquarters in Abuja.
He said over 3000 incidents cases of vandalism were recorded every year from 2010 to 2015, adding that in 2015 alone, pipeline losses of petrol volume of over 643 million litres valued at over N51.28 billion was incurred.
According to him, “The 2016 national budget plan was based on 2.2 million barrels per day of crude oil production, with about 700, 000bpd of oil production curtailed due to pipeline vandalism.”
He added, “Domestic natural gas supply to power was impacted with estimated drop of about 50 per cent from 1400mmscf/d to barely 700mmscf/d resulting to significant power outage exposure of between 2500MW to 3000MW as a result of direct and indirect impact.”
Statistics from the Nigerian System Operator, the nation averagely generates about 3,016.8 megawatts (MW) of electricity from power plants. The gas power plants contribute about 80 per cent of the country’s generation mix.