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GACN was formed in line with statutory requirement of the Nigerian Domestic Gas Supply & Pricing Regulations of 2008.
GACN was formed in line with statutory requirement of the Nigerian Domestic Gas Supply & Pricing Regulations of 2008.
Implementation of Domestic Gas Supply Obligation
Ensure Balanced growth of the domestic gas projects
Network Administration
Support the development of Commercial Gas trading platform
Implement GACN Gas Purchase Order “GPO” allocation, facilitate GSAA execution and contract administration
Serve as a critical enabler for the attainment of Gas sector development objectives
GACN was formed in line with statutory requirement of the Nigerian Domestic Gas Supply & Pricing Regulations of 2008.
GACN was formed in line with statutory requirement of the Nigerian Domestic Gas Supply & Pricing Regulations of 2008.
Implementation of Domestic Gas Supply Obligation
Ensure Balanced growth of the domestic gas projects
Network Administration
Support the development of Commercial Gas trading platform
Implement GACN Gas Purchase Order “GPO” allocation, facilitate GSAA execution and contract administration
Serve as a critical enabler for the attainment of Gas sector development objectives
The House of Representatives Ad-hoc Committee on the Petroleum Industry Bill (PIB) organized a two-day public hearing on the PIB on 27th and 28th January 2021. The public hearing which was attended by industry stakeholders including NNPC, OPTS, state governments, host communities, GACN, etc. sought to address lingering issues in the oil and gas industry.
The Bill seeks to create governing institutions with clear and separate roles to promote transparency, good governance and accountability in the administration of Nigeria’s petroleum resources. The Bill also seeks to establish a framework for the creation of a self-financing Domestic Gas Aggregator. In contemplation of the role of the Aggregator for the stimulation of the growth of the domestic gas market under the PIB, GACN like other stakeholders submitted and adopted its memorandum at the public hearing.
The PIB promises to enhance the growth of Nigeria’s oil and gas industry, modernize our fiscal system, encourage competitiveness and create harmony for all stakeholders.
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.