GAS AGGREGATION COMPANY OF NIGERIA
The Gas Aggregation Company Nigeria Limited (GACN) was incorporated in Nigeria on January 2010 for the purpose of stimulating growth of natural gas utilization in the Nigerian domestic market.
GACN was formed in line with statutory requirement of the Nigerian Domestic Gas Supply & Pricing Regulations of 2008. GACN is therefore the vehicle for implementation of the Nigerian Gas Master Plan (NGMP) commercial framework. The NGMP requires the establishment of a Strategic Aggregator for the domestic gas market, whose responsibilities will include processing request from gas buyers, managing allocation of gas to buyers, facilitating GSAA negotiations, managing escrow account on behalf of gas sellers, among other things. GACN is therefore your trusted “Strategic Aggregator”.
PARMs is a robust management software developed with multiple user interphase by GACN in collaboration with the industry to management gas revenues and administer Aggregation in line with executed gas supply contracts and industry endorsed Price Aggregation Rules Agreement (PARA)
This is a centralized hub for access to real time information on gas supply and demand within the country.
The platform currently in its development state and when completed will integrate existing market information and contract administrative data to facilitate a gas trading services within the domestic market.
It will also help determine actual and projected gas demand and supply within the domestic. It is anticipated that this will help foster the emergency of short terms and spot gas contract within the Nigerian Gas Market.