ENERGY FOCUS REPORT – MARCH 2020

ENERGY FOCUS REPORT – MARCH 2020


A.    INDUSTRY HIGHLIGHTS AND GLOBAL TRENDS

 

NIGERIA

 

Oil and Gas

 

Ø  Falling oil price, coronavirus threatens Nigeria’s N10.59tr budget, ECA

Ø  Nigeria and other OPEC members agree to cut 1.5m barrels of oil production

Ø  FG to back $2.59bn AKK gas pipeline with sovereign guarantee

Ø  Dangote Subsea Pipeline to boost Nigeria’s gas supply, reduce flaring

Ø  US, European refiners to face competition as Dangote targets 2021

Ø  Domestic consumption of LPG hit 90,000 metric tonnes in January 2020

 

      Power

Ø  NNPC looks to diversify into power sector

Ø  Power sector credit ratings threatened by talks of re-nationalisation Power distribution firms reject 17,657MW as power outage persists

Ø  Power outages in Nigeria remain major obstacle for tech sector growth

Ø  TCN engineers save FG N1.040bn from Ilashe substation project

Ø  Eko Disco plans to meter all customers by March 2021

Ø  IBEDC to distribute 973,155 meters to consumers

Ø  InfraCredit, USAID sign pact, co-guarantee N13bn bond to boost power…continue reading