ENERGY FOCUS REPORT – MAY 2020

ENERGY FOCUS REPORT – MAY 2020


A. INDUSTRY HIGHLIGHTS AND GLOBAL TRENDS NIGERIA
Oil and Gas
Oil prices rise as countries ease lockdown
Nigeria amending 2020 budget with oil at $20 per barrel – Finance Minister
IOCs under-reporting gas flare figures to evade new levies
PPPRA delays petrol price update for May amid multiple FX rates
Rivers State to review permit to oil companies as positive case emerges in oil workers
NLNG takes steps towards construction contract for $10bn Train 7 project
Nigeria, others E+P revenues to fall by $1trn
Power
FG promises IMF Nigerians will pay higher electricity tariffs
Ikeja Electric secures latest ISO certifications to record industry’s first
TCN, DisCos’ rift may worsen Nigeria’s power supply woes
Eko Disco improves electricity supply in 3 isolation centres in Lagos
Ibadan DisCo appeals to customers over bill payment
COVID-19 responsible for slow meter rollout – EKEDC
Alternative Energy
Solar, onshore wind and storage continue to get cheaper – BNEF…continue reading


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