ENERGY FOCUS REPORT JUNE 2020

ENERGY FOCUS REPORT JUNE 2020


ENERGY FOCUS REPORT – JUNE 2020

A. INDUSTRY HIGHLIGHTS AND GLOBAL TRENDS

NIGERIA

Oil and Gas

Ø OPEC+ agrees to extend deep oil output cuts through July

Ø Nigeria’s oil & gas sector attracted $10m capital inflow in Q1 2020

Ø Deadline for PIB faces challenges; first drafts unlikely in FEC before mid-June

Ø Operators support local pricing template for LPG in Nigeria, West Africa

Ø  Nigeria’s efforts to cut gas flaring delayed by COVID-19 restrictions

Ø  PPPRA removes price cap on petrol

Ø  PPPRA clears oil marketers to import petrol

Ø  DPR commences bidding rounds for marginal oil fields

Ø  NNPC digitalizes its operations, begins online sale, tracking of petroleum products

Ø  FG may generate N3.17bn from oilfield bid round fees

 

      Power

Ø  Buhari approves Nigeria, Siemens electricity deal funding

Ø  Lagos State set to begin meter production

Ø  NERC gives DisCos deadline of 2021 to meter all customers

Ø  Lagos to probe independent power plants management

Ø  GenCos kick against privatisation reversal, allege N1tn debt

Presidential power sector reform group seeks World Bank…continue reading