About Us

Gas Aggregation Company Nigeria Limited (GACN) was established by the Federal Government of Nigeria in 2010, further to the National Domestic Gas Supply and Pricing Regulations, 2008 “The Regulation” for the implementation of the Nigerian Gas Master Plan and Management of Domestic Supply of Gas to the market.

The Domestic Gas Aggregator is amongst other things responsible for ensuring adequate supply of Gas to the strategic sectors of the Domestic market for the purpose of enhancing natural gas usage to achieve the much-desired industrialization in Nigeria.

Overview

GACN at a glance

  • The Domestic Gas Aggregator referenced in the domestic GasSupply & Pricing Regulations 2008 mandates
  • A regulated nonprofit making company, incorporated on 5th, January, 2010
  • One-stop shop between gas buyers and suppliers to manage the Domestic supply obligations (DSOs) of gas producers
  • Central to implementation of the commercial framework
  • Management of Escrow account
  • Receipt and verification of gas payment from buyers
  • Periodic computation of Aggregate Gas Price
  • Payment of Gas suppliers from Escrow  account
  • Management of dispute resolution process in respect of gas payment
  • Interface with the regulator on Domestic Supply Obligations (DSO) and gas availability

Who we are

Gas Aggregation Company Nigeria Limited

Gas Aggregation Company Nigeria Limited (“GACN”) was incorporated in January, 2010 further to the National Domestic Gas Supply and Pricing Regulations, 2008 (the Regulations) as the “Strategic Aggregator” for the Nigerian domestic gas market and the vehicle for the implementation of the Nigerian Gas Master Plan.

The strategic position of GACN is further solidified by the enactment of the Petroleum Industry Act, 2021 (the “PIA”) which amongst others, mandates the domestic gas aggregator to support and manage the implementation of the Domestic Gas Delivery Obligation (formerly known as the Domestic Gas Supply Obligation) for the purpose of enhancing natural gas utilization in Nigeria. This is consistent with the objectives of the Federal Government of Nigeria to pursue a sustainable growth path by leveraging gas for the economic growth of the country, and for the enhancement of Nigeria’s energy transition.

What we do

Key GACN Functions under the Regulation and Governance Documents:

Ensure that the Domestic Gas Demand Requirement is achieved.

facilitate availability of adequate gas volumes to the strategic sector.

liaise with the Gas transportation network Operator for efficient, equitable & transparent access to gas transportation Network.

Our Focus

GACN 2022 Business Priorities

  • Developing a post PIA "Willing Buyers - Willing Sellers" business sustainability strategy for GACN
  • Effective implementation of the post PIA restructuring of GACN
  • Obtain a domestic gas aggregation license from the Authority
  • Manage the transition from 100% AOC funding arrangement to a self financing- Financial autonomy arrangement based on fees for GACN's services
  • Maximize GACN's position as the preeminent aggregator to ensure it's preeminence in Gas commercialization landscape as a competitive advantage over any newly registered aggregator
  • Support the Authority, MPR, and gas sector in securing clarity on the post PIA gas pricing for the respective strategic sectors
  • Drive climate change and energy transition (Gas Flare Commercialization, Clean Energy/Carbon Swap framework, Gas-to-Chemical initiative
  • Promotion of Gas sector investment - strategic engagement with international investment group, financing community, potential investors to expand gas investment in-country
  • Decade of gas implementation support