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GACN ACHIEVES YET ANOTHER POSITIVE RECOGNITION OF ITS CONTRIBUTION TO THE GAS SECTOR

Featured in Business Day Publication Celebrating 50 Major Indigenous oil Majors in Nigeria.

Businessday, Nigeria leading and influential business and financial daily, has published a landmark edition aimed at celebrating 50 major indigenous players in the Nation’s oil and gas industry.

Businessday stated that GACN was selected having closely monitored the company’s impressive corporate governance practices, its track record and reputation in the oil and gas sector, as well as its flexible adaption to emerging challenges and demands of the volatile oil and gas markets.

GACN management considers the honour a charge to do more and bring to bear GACN’s culture of excellence in all facets of its Gas sector initiatives and activities.

In a special report dated 1st April 2021 captioned “GACN at a Glance’’, The Newspaper highlighted GACN’s notable key achievements as well as new initiatives.

GACN Considers that this recognition is due to the consistent support of its stakeholders as well as key oil and Gas industry leaders such as The Honourable Minister of State for Petroleum H.E, Chief Timipre Sylva, the GMD NNPC, Mallam Mele Kyari, and the Nigerian Gas Association.

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CORPORATE SYNERGY BETWEEN GACN AND NGA

GACN currently is in a drive towards strengthening its corporate visibility and relevance. One of the most crucial aspect to any organization is its visibility. This will rightly position GACN before ideal audience and invariably provide adequate service as required. The choice of having corporate synergy with the Nigeria Gas Association (NGA) is one good step towards achieving this goal. GACN as a member, seeks for a better way to actively participate in the activities of the organization and consequently impact its existence and the gas industry at large. The NGA is the Apex organization representing the varied and numerous stakeholders in the gas sector within the Nigerian oil and gas industry. NGA anticipate and drive legislation and policies. Promote investment in the Nigerian gas sector. Strives to be the industry resource centre of choice and encourage best practices and acceptable standards. With the merits of NGA, having a corporate synergy will further strengthen the corporate visibility of GACN.

The Nigerian Gas Association (NGA) recently hosted their second edition of their industry multilogues. It is a two-day event which featured over 300 participants across the globe with 35 local and international speakers, on February 25 and 26, 2021.  The president of the Nigerian Gas Association Mrs Audrey Joe-Ezigbo in her welcome address espoused that the combination of how crude oil prices and falling crude oil export due to the pandemic has incapacitated Nigeria’s fiscal position, in order to cushion the economy and boost industrialisation the country must harness it vast domestic Gas potential with immediate effect.

The inauguration of the new executive committee was also conducted with Mr Ed Ubong as the new president of the organization. He emphasized and pledge that his administration will always engage and partner industry players in the gas chain and addressing its challenges and unfolding new ideas and initiatives.

GACN was honoured to host a memorable and important meeting on the 20th April 2021 with NGA to deliberate, discuss and address varied issues in the gas sector. After an insightful robust deliberation on gas commercialization and operationalization were new action plan was mapped out to further strengthen their collaborations to forge ahead. Pleasantries were exchanged and pictures were taken.

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What is Stress?

What is Stress?

Stress is the body’s natural response to changes in our life. These changes can be positive or negative and because life involves constant change, our goal should not be to eliminate all stress as that is impossible but to eliminate unnecessary stress and effectively manage the rest.

The National Institute of Mental Health (NIMH) recognizes two types of stress:

Acute Stress: This type of stress is short-term and is a more common form of stress. It often develops when we consider the pressures of events that have recently occurred or face upcoming challenges in the near future. For example, we may feel stressed about an upcoming work project or an examination. Acute stress will usually disappear once we meet the task. The short-term effects of acute stress include headaches, an upset stomach, as well a moderate amount of distress.

Chronic Stress: This type of stress develops over a long period and is more harmful. It occurs when we can not see a way to avoid the stressors and stop seeking solutions. For example, it can be caused by a traumatic experience or a continuous negative occurrence. Chronic stress makes it difficult for the body to return to a normal level of stress hormone activity and can go unnoticed for a while, as people can become used to feeling agitated or hopeless.

A lifestyle of frequent stress can lead to anxiety, depression, heart disease, high blood pressure, low body immunity, PTSD, sleeping difficulties, stomach upset, erectile dysfunction, etc.

Signs of Stress

Fatigue, Aggressiveness, Irritability, Frustration, Depression, Restlessness, Forgetfulness, Headaches, Muscle spasms, Nervous twitches, Chest or Back Pain, etc.

Stress Associated Behaviors

Food cravings or not eating at all, sudden angry outbursts, drug & alcohol misuse, higher tobacco consumption, social withdrawal, frequent crying, relationship problems, etc.

Treatment

Medicine: Doctors will not usually prescribe medications for coping with stress unless they are treating an underlying illness such as depression or an anxiety disorder. In such cases, antidepressants will be prescribed. There is however a risk that the medication will only mask the stress rather than help resolve it. People struggling with overwhelming stress are strongly encouraged to seek medical assistance.

Stress Relieve: This includes exercise, reduction in the intake of alcohol, drugs & caffeine, a balanced diet, priority/time management, rest, constant communication with loved ones, acknowledging the stressors, etc.

Noticing the signs and symptoms of stress is the first step to taking action.

Stress Management Techniques

Removing or changing the source of stress, altering how we view stressful events, lowering the effects that stress might have on our bodies, learning alternative ways of coping, etc.

 

An unknown author once said, and i quote “Don’t stress the Could Haves, If It Should Have, It Would Have.”

Image: https://www.yummymummyclub.ca/blogs/dr-kim-foster-wicked-health/how-to-create-a-stress-management-plan

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Health, Safety, Security and Environment Brief

HEALTH TIPS

There have been reports of a third wave of COVID-19 in various countries and a warning from the Presidential Taskforce on COVID-19 for Nigerians to be wary of neglecting the guidelines set by NCDC. Thus, it is essential for individuals to take responsibility for the protection of themselves, loved ones, and the community. The following key points may prove useful for the upcoming festive season:

  1. Endeavour to continually adhere to Covid-19 protocol:
  • Use facemask
  • Wash hands
  • Maintain 2metres physical distance in public places

2. Use of vitamins and minerals can boost your immune system and keep you healthy.

SECURITY TIPS

Additionally, the security situation in Nigeria has recently been compounded by various issues such as Ethno-religious conflicts, Proliferation of Arms, Kidnapping (for ransom), Terrorism and Insurgency, Armed Robbery, Cultism, Secessionist Groups, Fraud, etc.

As is said, there is no Sec_rity without “U”. Hence, Personal security is vital, neglect may be very traumatic. Some Recommendations are highlighted below:

  • Avoid making unguarded statements and altercations, especially involving ethnoreligious issues.
  • Keep a low profile and be conservative with information sharing (especially on social media) to avoid attracting unnecessary attention.
  • Avoid predictable routines and late-night outings especially in identified ‘red zones.
  • Be informed about security arrangements in your community and endeavor to make adjustments where necessary.
  • It is advisable to maintain a cordial relationship with security personnel in your community. Also, engage them on recent trends and mitigation steps.
  • If you have loved ones in boarding schools, find out what additional security arrangements are in place to safeguard the Students, as well as Academic and Non-Academic Staff from wanton attacks.
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GACN Board confirms appointment of Company Secretary & Legal Adviser (CSLA) and Manager Corporate Services

At the 36th Board meeting which took place on 11th March 2021, the members of the Board of Directors of Gas Aggregation Company of Nigeria Limited (GACN) unanimously passed a resolution for the confirmation of the Acting CSLA and Corporate Services Manager.

Mrs. Tayo Rhodes-Vivour is hereby appointed as Company Secretary & Legal Advisor while. Mrs. Omosigho Egbon is appointed as the Manager, Corporate Services of GACN.

The Management and Staff of GACN felicitate with both Managers and wish them success.

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NSIA, OCP AFRICA, NNPC, MPN, AND GACN EXECUTE TERM SHEET FOR GAS SALE.

The execution of the Term Sheet for a Gas Sale and Aggregation Agreement (GSAA) between Nigerian National Petroleum Corporation (NNPC), Mobil Producing Nigeria Limited (MPN), NSIA Agriculture Investment Company Limited (NAIC), OCP Africa SA and Gas Aggregation Company of Nigeria (GACN) took place on 2nd March 2021.

The execution ceremony which took place at the Mohamed VI Polytechnic University (UM6P) in Benguerir, Morocco was graced by key stakeholders in the Nigerian and Moroccan Oil and Gas sector. In attendance were His Excellency, Chief Timipre Sylva, Honourable Minister of State for Petroleum Resources; Mostafa Terrab, Chairman and CEO of OCP; Mele Kyari, GMD NNPC; Engr Yusuf Usman, COO Upstream, NNPC; His Excellency, Mr. Udom Emmanuel, Executive Governor of Akwa Ibom State; Mr. Uche Orji, Managing Director NSIA; Engr. Simbi Wabote, Executive Secretary, Nigerian Content Development and Monitoring Board, amongst other notable dignitaries.

The objective of the Term Sheet is to outline the commercial principles for the long-term supply of gas by the Sellers (NNPC and MPN) to the Buyer (NAIC and OCP Africa SA) whose project is an Ammonia and Phosphate based fertilizer plant in Akwa Ibom State. This term Sheet is planned to be implemented in Q3 2021 through a Gas Sale and Aggregation Agreement (GSAA) which is to be executed by the parties.

The Managing Director and Chief Executive Officer of GACN; Mr. Olalekan Ogunleye stated in his speech that “GACN is resolutely committed to working collaboratively with all project participants to effectively facilitate the Gas Supply arrangement”.

In closing, the MD GACN charged all parties to work collectively to ensure that the GSAA is executed as planned and that the Multipurpose Industrial Platform project serves as a yardstick for future economic development cooperation between the Federal Republic of Nigeria and the Kingdom of Morocco.

The NSIA/OCP Multipurpose Industrial Platform project is a backward integration initiative, which builds on the successes of the Presidential Fertilizer Initiative (PFI) and other sovereign bilateral initiatives between the Federal Republic of Nigeria and the Kingdom of Morocco in terms of balance of trade.

 

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Federal Government of Nigeria prioritizes Diversification of the Economy through Gas Industrialization

In furtherance of the FGN’s drive towards ensuring that gas significantly contributes to the growth of the nation’s economy through gas to power generation, creation of new industries, and export of natural gas, the following infrastructure are currently being prioritized to support the FGN’s initiative:

Escravos – Lagos Pipeline System (ELPS 2)

The ELPS 2 is a 342km x 36” pipeline constructed to double the installed capacity of the existing ELPS from 1.1Bscf/d to 2.2Bscf/d.

The pipeline was constructed by Nigerian National Petroleum Corporation (NNPC) and spans from Oben node at PS1 in Delta State to Itoki at PS5 in Ogun State.

Ajaokuta–Kaduna–Kano (AKK) pipeline

The AKK pipeline is a proposed 614km x 48 pipeline. The AKK pipeline forms phase one of the 1,300Km long Trans-Nigeria Gas Pipeline Project (TNGP) – the single largest gas pipeline project scheduled to be executed in the history of Nigeria.

The AKK gas pipeline is planned to transport natural gas from Ajaokuta in Kogi State to Kano in Kano State. The pipeline will originate from Ajaokuta and pass through Abuja and Kaduna before ending at a terminal gas station in Kano. The AKK project would enable the injection of 3.5 Bscf/d into the domestic gas market upon completion.

The NNPC flagged off the construction of the pipeline in July 2020 and is expected to be completed in Q1 2023.

 Obiafu – Obrikom – Oben (OB3) pipeline

The OB3 pipeline (also called the East-West pipeline) is a proposed “127km x 48” pipeline with a projected capacity of 2Bscf/d. The pipeline will originate and run from the Obiafu-Obrikom gas plant near Omoku, Rivers State to the Oben node in Edo State.

The OB3 pipeline is currently being constructed by NNPC with an expected completion date of Q2 2021.


Pipeline Image by https://en.wikipedia.org/wiki/Pipeline_transport

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GACN appointed as Shippers’ Agent under the Nigerian Gas Transportation Network Code

Consistent with the Federal Government’s objective of improving gas supply to the domestic market, the Department of Petroleum Resources (DPR), on 8th August, 2020, granted a license to Gas Aggregation Company Nigeria Limited (GACN) to act as an Agent for Licensed Shippers within the framework of the Nigerian Gas Transportation Network Code (NGTNC).

The NGTNC is a contractual framework between the gas transportation Network Operator (NGC) and Shippers (Gas Buyers and Sellers). The NGTNC which was operationalized on 10th August, 2020, specifies terms and guidelines for operation and use of the gas transportation network with the aim of providing open and competitive access to gas transportation infrastructure in line with global best practices.

GACN is the first and currently the ONLY licensed Shippers’ Agent on the Network Code.

GACN will optimize its strategic position in the Nigerian gas market to create value for Shippers who appoint GACN as Agent. Some of the benefits which GACN promises to offer its appointing Shippers include: effective and optimized Shipper portfolio management, market optimization of the gas transportation network, reduction in transaction cost and operational burden of Shippers, seamless value chain Stakeholder management and focused alignment, amongst others.

GACN is currently engaging DPR, NGC and other relevant Stakeholders to facilitate the timely implementation of the NGTNC.

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Public Hearing on Petroleum Industry Bill (PIB)

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.

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Security Tips For The New Year 2021

  1. Keep abreast of daily national news update via radio, print, or electronic media;

There have been several reports of armed banditry and kidnapping in Kaduna; herdsmen/farmers clash in North East and North East; South West Governors ultimatum to Miyetti Allah; Arewa Consultative Forum’s warning to South West Governors on verbal attacks and threats on herdsmen, abduction of passengers by suspected Fulani herdsmen along Lagos-Benin-Ore road and recent attacks on lone joggers on the bridge in the early hours of the morning in Lagos. Before you embark on any journey, please check security reports of your intended destination. Ensure proper journey management and avoid unnecessary inter-state trips. Additionally, you may wish to subscribe to news alerts.

  1. Avoid late-night movements;

It is advisable to conclude all journeys before 8pm. This is not the season to attend overnight concerts or social events. Also, ensure to have adequate means of identification on you at all times. Inform family members of your intended movements and call to update them, if you experience any unexpected delays, change in plans, or emergencies.

  1. Adhere to existing curfews;

Be informed of the state-wide curfews imposed as a result of the COVID-19 pandemic. If you are unavoidably outdoors beyond the curfew, please cooperate with Policemen at check-points when stopped and interrogated. 

  1. Avoid ostentatious behavior;

Dress modestly, avoid public display of wealth and carrying large sums of cash, utilize the alternative electronic modes of payment and banking platforms.

  1. Restrict detailed personal conversations whilst outside the home;

It is also advisable to avoid having loud telephone conversations about personal details such as finance, business transactions, or travel plans whilst in public. If necessary, reduce your voice pitch or delay such conversations until you have privacy.

In conclusion, PLEASE STAY SITUATIONALLY AWARE AND SAFE!!!!!!!!!

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