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FG introduces competitive gas pricing to boost investment

•Industrial concerns to be excluded from price increase In a move aimed at increasing investment in gas gathering and production, as well as sustaining optimum supply, the Federal Government will increase the price of natural gas supplied to the Nigerian Gas Company (NGC) by multinational oil companies. Taking a cue from the arrangement with the Power Holding Company of Nigeria (PHCN) whereby the price at which gas is sold to it was graduated from 60 cents to $1 and then to $2 and above, a similar ...
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Added July 05, 2010
from Businessday Nigeria