AN APPRAISAL OF GAS TRANSMISSION AND TRANSPORTATION, UNDER THE PETROLEUM INDUSTRY ACT, 2021

Abstract

Abstract
The Petroleum industry Act, 2021 is a giant stride by the federal government to over haul the marketing and distribution network of as infrastructure. It provision will impact significantly on the security of supply and affordability of domestic and industrial product supply of petroleum gas if fully implemented. This article seeks to bring to the fore the need for government to galvanize both the legal Framework and institutional framework in order to realise the objectives of the PIA. The methodology utilized by the seminar paper is doctrinal research. An array of relevant statute, case laws, bye laws, treaties, and literatures of scholars in related field were consulted, reviewed and analyzed. The reason for adopting doctrinal methodology is the choice and nature of the paper topic or subject matter. The writer observed that there is inadequate as transition network and distribution facilities. Te paper also found tat is accounts for sort fall of security of supply of domestic as product. Te paper further found that the high cost or un-affordability of security of supply is as a result of scarcity of supply. The paper recommends that ambiguous provisions and imprecise language as contained in the PIA should be made explicit; there should be privatization liberalization and commercialization of the market for gas supply and security of supply. Te writer is of te opinion tat if te provisions of the PIA as in respect as distribution and transmission are fully implemented, Nigeria will be an Eldorado of as market and security of supply.