BREAKING: FG Increases Gas To Power Price To $2.42/MMBTU

•  FG Increases Gas To Power Price To $2.42/MMBTU.

• Announcement made by CEO Engr. Farouk Ahmed.

• Increase aims to reflect market changes and ensure sector sustainability.

EKO HOT BLOG reports that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has changed the price of gas to power from $2.18MMBTU to $2.42MMBTU.

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The Authority Chief Executive, Engr. Farouk Ahmed, made the disclosure in a document titled: “Announcement of the Year 2024 Domestic Based Price (DBR) and Applicable Wholesale of Natural Gas for Strategic Sectors.”

More details to come…..

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