NMDPRA Speaks On Stopping Gas Supply To GenCos Over ₦2 Trillion Debt
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has debunked claims of cutting the gas supply to power generating companies (GenCos).
The Authority described reports that it directed the stoppage of gas supply to GenCos over ₦2trn debt as “false and completely unfounded”.
Speaking via a statement on Wednesday, NMDPRA also denied instructing wholesale gas suppliers to stop further supply of gas to companies due to failure in payment obligations.
“It has absolutely no bearing on the information shared at a recent stakeholders’ engagement held in Lagos between the Authority, the OPTS, IPPG and other stakeholders in the oil and gas industry.
“The purpose of the engagement was to sensitise stakeholders on the requirements, opportunities and benefits associated with the implementation of the wholesale supply license as provided by sections 142 and 197 of the Petroleum Industry Act (PIA) 2021.
“It was a follow-up to an earlier stakeholder engagement held at the NMDPRA corporate headquarters in Abuja on November 27, 2024.
“The Authority wishes to reassure all our stakeholders and indeed the general public that at no time was the false statement made at that event and anywhere else, and are advised to completely disregard the publication as every effort is being made to ensure that the supply and distribution of natural gas and petroleum products to end users is seamless and unabated as we head into the festive season and indeed all through the coming year 2025,” the NMDPRA said.
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