Shell Nigeria Gas Credits Pricing Reforms for Output Growth

Shell Nigeria Gas has reported an increase in domestic gas production, attributing this growth to recent pricing reforms that introduced a clearer price framework and reduced policy uncertainties in the sector. During a business forum in Abuja, Ralph Gbobo, Managing Director of Shell Nigeria Gas, stated that these reforms have bolstered confidence in the domestic gas market.

The introduction of gas-focused policies, particularly the Petroleum Industry Act, marks a significant shift in the industry, reinforcing the role of gas in Nigeria's energy strategy. The reforms are expected to enhance investor sentiment and encourage production commitments for domestic gas projects.

Shell Nigeria Gas, which has been operational since 1998, currently serves 150 customers across various states, including Abia, Bayelsa, Ogun, and River State. The company aims to create a sustainable market by aligning supply and demand and improving infrastructure development.