An Overview of Nigeria’s Domestic Gas Pricing Framework

The publication discusses the regulated domestic gas market and the interplay between the Domestic Base Price and the pricing framework for this market.

To ensure supply to the strategic sectors within the regulated market and to provide a pathway for determining the gas supply curves, the Domestic Gas Pricing Framework places gas delivery obligations on upstream producers and imposes reporting obligations on stakeholders in relation to gas sales conducted and the corresponding contract prices.

The publication also highlights the role of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in determining the Domestic Base Price and the anticipated transition to a free-market status.