Wednesday 27 August 2014

NNPC, SHELL, CHEVRON PAY FINES OVER GAS SUPPLY FAILURE

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)

Read more @ Thisday Live

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