The Nigerian National Petroleum Corporation (NNPC) said it recorded around $121.63m loss in February, when gas supply decline of 70mmscf/d to power plants due to vandalism of the Forcados export line, The Nation reported.
The Forcados Terminal in Delta State, which is one of Nigeria’s biggest terminals, has the capacity to export about 400,000b/d of oil and it was supposed to export 250,000b/d between February and May 2016. However, in February the company declared its force majeure on the line, which is expected to be repaired not before May.
The corporation also informed that the Warri refinery was not in working order in January and February, while Kaduna refinery did not produce in February, All Africa wrote.
The NNPC also noted in its February oil and gas report that gas supply to power stations dropped 70mscf/d to 664mscf/d, stating that in January average gas supply was 734mscf/d. This led to power supply dipping to 3,065MW in February down from 3,237MW recorded in January.