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LequteMan
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Owners of N-Gas, have been fined by Ghana for failing to adhere to a contract to supply gas to the country, according to ThisDay.
Excerpt:
The Nigerian National Petroleum Corporation (NNPC), Shell Petroleum Development Company (SPDC) and Chevron Nigeria Limited, owners of N-Gas, the main supplier of gas to Ghana’s Volta River Authority (VRA), through the West African Gas Pipeline (WAGP) are paying a fine of $20 million for failure to meet their contractual obligations on gas supply to the Ghana’s electricity producing company.
N-gas, a company jointly-owned by Shell, Chevron and the NNPC, buys gas from oil companies in Nigeria and transport the gas to its customers in Benin, Togo and Ghana, through the $1 billion WAGP, which is operated by the West African Gas Pipeline Company (WAPCo).
The International Project Agreement (IPA) signed in May 2003 by WAGPCo and the governments of Benin, Ghana, Nigeria and Togo, with the secretariat of the Economic community of and West African States (ECOWAS) as witness, provides that N-Gas be allocated a space in the pipeline that could transport up to 200million standard cubicfeet of gas per day.
Click here to read more
#NNPC #Shell #Chevron #Ghana #Nigeria
Excerpt:
The Nigerian National Petroleum Corporation (NNPC), Shell Petroleum Development Company (SPDC) and Chevron Nigeria Limited, owners of N-Gas, the main supplier of gas to Ghana’s Volta River Authority (VRA), through the West African Gas Pipeline (WAGP) are paying a fine of $20 million for failure to meet their contractual obligations on gas supply to the Ghana’s electricity producing company.
N-gas, a company jointly-owned by Shell, Chevron and the NNPC, buys gas from oil companies in Nigeria and transport the gas to its customers in Benin, Togo and Ghana, through the $1 billion WAGP, which is operated by the West African Gas Pipeline Company (WAPCo).
The International Project Agreement (IPA) signed in May 2003 by WAGPCo and the governments of Benin, Ghana, Nigeria and Togo, with the secretariat of the Economic community of and West African States (ECOWAS) as witness, provides that N-Gas be allocated a space in the pipeline that could transport up to 200million standard cubicfeet of gas per day.
Click here to read more
#NNPC #Shell #Chevron #Ghana #Nigeria
