The Gas Aggregation Company of 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”.
What we do
Some of our key activities include:
Process gas request made by potential buyer
Conduct due diligence on buyers
Accept buyers to the gas demand pool
Manage allocation of gas from suppliers to buyers
Issue Gas Purchase Order (GPO) to buyers and sellers
Facilitate negotiation of Gas Sales & Aggregation Agreement (GSAA)
Manage Escrow Account on behalf of Sellers
Receipt and verification of gas payment by buyers
Periodic computation of aggregate gas price for sellers
Payment of suppliers from Escrow account
Manage dispute resolution process for stakeholders