The Nigerian Gas Master Plan - As Presented by NNPC in 2008 GAS Roadshow2

The N|ger|an Cas Haster
The N|ger|an Cas Haster

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P|an
P|an
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|nvestor Road
|nvestor Road
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show
show
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0r. 0av|d 0. |ge
0r. 0av|d 0. |ge
Croup Cenera| Hanager|8en|or Techn|ca| Adv|ser to Croup H0 Croup Cenera| Hanager|8en|or Techn|ca| Adv|ser to Croup H0
N|ger|a Nat|ona| Petro|eum 6orporat|on N|ger|a Nat|ona| Petro|eum 6orporat|on
Abuja, N|ger|a Abuja, N|ger|a
Hay 2008 Hay 2008
0JE6T|VE8 0F ThE R0A08h0w 0JE6T|VE8 0F ThE R0A08h0w
1. 1. Present an overv|ew of N|ger|a Present an overv|ew of N|ger|a' 's huge gas potent|a|s s huge gas potent|a|s
and opportun|t|es to part|c|pate |n th|s rap|d|y and opportun|t|es to part|c|pate |n th|s rap|d|y
evo|v|ng gas sector evo|v|ng gas sector
2. 2. Present an overv|ew of the measures |n p|ace to Present an overv|ew of the measures |n p|ace to
guarantee | secure |nvestments guarantee | secure |nvestments
3. 3. Prov|de a p|atform for |nvestor network|ng and Prov|de a p|atform for |nvestor network|ng and
synd|cat|on synd|cat|on
60NTENT 60NTENT
!
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0verv|ew of the N|ger|an Cas 8ector
!
!
FCN Po||cy Asp|rat|on for Cas
!
!
|nvestment 0pportun|t|es
!
!
F|sca| Terms
F|sca| Terms
!
!
Next 8teps
Next 8teps
8ource: 0|| & Cas Journa|, (0ecember 18, 200}
CA8 8E6T0R P0TENT|AL8 CA8 8E6T0R P0TENT|AL8
The Cas Resource ase The Cas Resource ase
! ! 8teady growth |n reserves 8teady growth |n reserves
! ! Recent growth from Recent growth from
deepwater bas|n deepwater bas|n
! ! Hany bas|ns rema|n untapped |n Hany bas|ns rema|n untapped |n
N|ger|a N|ger|a
! ! No ded|cated gas exp|orat|on No ded|cated gas exp|orat|on
! ! A|| gas d|scover|es to date as a A|| gas d|scover|es to date as a
resu|t of exp|orat|on for o|| resu|t of exp|orat|on for o||
! ! 8|gn|f|cant potent|a| for reserves 8|gn|f|cant potent|a| for reserves
growth w|th focused gas growth w|th focused gas
exp|orat|on exp|orat|on
h|stor|ca| Reserves Crowth h|stor|ca| Reserves Crowth
Future Reserves Crowth Potent|a| Future Reserves Crowth Potent|a|
N|ger|a's reserves potent|a| can grow to as h|gh as 00T6F, mak|ng |t the
wor|d's 4
th
|argest after 0atar
Robust Harket Potent|a| Robust Harket Potent|a|
Rap|d|y grow|ng Rap|d|y grow|ng
domest|c market domest|c market
6onso||dat|ng a 6onso||dat|ng a
reg|ona| pos|t|on reg|ona| pos|t|on
Rap|d|y grow|ng LNC Rap|d|y grow|ng LNC
export pos|t|on export pos|t|on
N|ger|a N|ger|a' 's Evo|v|ng Harket s Evo|v|ng Harket
Pos|t|on Pos|t|on
! ! Hany gas based Hany gas based
|ndustr|es re|ocat|ng |ndustr|es re|ocat|ng
! ! Hethano|, Urea Hethano|, Urea
and CTL p|ants and CTL p|ants
! ! Power sector reform Power sector reform
! ! 2.5Cw to over 2.5Cw to over
15Cw growth p|an 15Cw growth p|an
! ! west Afr|can Cas west Afr|can Cas
p|pe||ne project p|pe||ne project
advanc|ng for advanc|ng for
200mmcf|d 200mmcf|d
! ! 0emand growth 0emand growth
a|ready ev|dent a|ready ev|dent
! ! 6ont|nued progress on 6ont|nued progress on
the Trans the Trans- -8aharan Cas 8aharan Cas
Project Project
! ! NLNC T comm|ss|oned NLNC T comm|ss|oned - -
capac|ty now 22HTPA capac|ty now 22HTPA
! ! T7 p|anned T7 p|anned
! ! 0k, rass and other 3 0k, rass and other 3
rd rd
Party LNC p|ant under Party LNC p|ant under
eva|uat|on eva|uat|on
! ! N|ger|a now 2 N|ger|a now 2
nd nd
fastest fastest
grow|ng LNC capac|ty grow|ng LNC capac|ty
after 0atar after 0atar
Unprecedented Crowth |n Potent|a| 0emand Unprecedented Crowth |n Potent|a| 0emand
N|ger|a's h|stor|ca| Cas Ut|||zat|on and Forecast Potent|a| 0emand
Potent|a| growth rate of Potent|a| growth rate of
15 15- -187 annua||y, 187 annua||y,
compared w|th g|oba| compared w|th g|oba|
average of 3 average of 3- -57 57
Forecast LPC Product|on Forecast LPC Product|on
60NTENT 60NTENT
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F|sca| Terms
F|sca| Terms
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!
Next 8teps
Next 8teps
FCN P0L|6Y 0|RE6T|0N F0R CA8 FCN P0L|6Y 0|RE6T|0N F0R CA8
" " Fu||y exp|o|t the potent|a| |n gas for acce|erated Fu||y exp|o|t the potent|a| |n gas for acce|erated
econom|c deve|opment, |n pursu|t of the 107 C0P econom|c deve|opment, |n pursu|t of the 107 C0P
growth asp|rat|on growth asp|rat|on
" "6oncurrent focus on a v|ab|e domest|c, reg|ona| and 6oncurrent focus on a v|ab|e domest|c, reg|ona| and
other export markets other export markets
" " 6ompet|t|ve|y pos|t|on N|ger|an gas |n terms of cost 6ompet|t|ve|y pos|t|on N|ger|an gas |n terms of cost
compet|t|veness and compet|t|veness and sca|eab|||ty sca|eab|||ty of capac|ty of capac|ty
" "!"#$%&'#$()*"+&',#&-.#-&$),#&'#$%/)#0),-110&#)(02$,#*.)3) !"#$%&'#$()*"+&',#&-.#-&$),#&'#$%/)#0),-110&#)(02$,#*.)3)
&$%*0"'4)'"()$510&#)678)2'&9$#, &$%*0"'4)'"()$510&#)678)2'&9$#,
" ":##&'.#)"$;)14'/$&,)*"#0)#<$)7*%$&*'")%',)='4-$).<'*" :##&'.#)"$;)14'/$&,)*"#0)#<$)7*%$&*'")%',)='4-$).<'*"
" ">",-&$).022$&.*'4*#/)+0&)'44)*"=$,#2$"#, >",-&$).022$&.*'4*#/)+0&)'44)*"=$,#2$"#,
FCN P0L|6Y 0|RE6T|0N F0R CA8 FCN P0L|6Y 0|RE6T|0N F0R CA8
Repos|t|on|ng For V|ab|||ty Repos|t|on|ng For V|ab|||ty - - The Cas Haster The Cas Haster- -p|an p|an
ThE CA8 |NFRA8TRU6TURE LUEPR|NT ThE CA8 |NFRA8TRU6TURE LUEPR|NT
60NTENT 60NTENT
!
!
!
!
!
!
!
!
F|sca| Terms
F|sca| Terms
!
!
Next 8teps
Next 8teps
" " 3 centra| gas gather|ng and process|ng fac|||t|es 6PFs 3 centra| gas gather|ng and process|ng fac|||t|es 6PFs
" " west 0e|ta ( west 0e|ta (warr||Forcados warr||Forcados Area} Area}
" " 0b|afu 0b|afu (North Port harcourt} (North Port harcourt}
" " Akwa Akwa- -|bom|6a|abar |bom|6a|abar Area Area
" " 3 gas p|pe||ne transm|ss|on systems, |nc|ud|ng compressor 3 gas p|pe||ne transm|ss|on systems, |nc|ud|ng compressor
stat|ons stat|ons
" " 1200km 8outh 1200km 8outh- -North L|ne North L|ne
" " 700km western system w|th 200km offshore extens|on 700km western system w|th 200km offshore extens|on
" " 200Km |nterconnector system 200Km |nterconnector system
ThE CA8 |NFRA8TRU6TURE LUEPR|NT ThE CA8 |NFRA8TRU6TURE LUEPR|NT
2 Key |nvestment 6ategor|es 2 Key |nvestment 6ategor|es
|NFRA8TRU6TURE |NVE8THENT 0PP0RTUN|TY |NFRA8TRU6TURE |NVE8THENT 0PP0RTUN|TY
Cas Cather|ng and Process|ng Fac|||t|es Cas Cather|ng and Process|ng Fac|||t|es
8trategy 8trategy
" " These w||| be reg|ona| gas process|ng hubs These w||| be reg|ona| gas process|ng hubs
" " wet gas w||| be treated, LPC| wet gas w||| be treated, LPC|NCLs NCLs extracted, |ean gas exported |nto extracted, |ean gas exported |nto
transm|ss|on system transm|ss|on system
" " P|ants owned and operated as to|||ng fac|||t|es for 3 P|ants owned and operated as to|||ng fac|||t|es for 3
rd rd
party gas party gas
" " P|ant can a|so access and purchase 3 P|ant can a|so access and purchase 3
rd rd
party wet gas party wet gas
8cope of |nvestment 8cope of |nvestment
" " 6ompr|se gas gather|ng ||nes w|th|n des|gnated franch|se areas 6ompr|se gas gather|ng ||nes w|th|n des|gnated franch|se areas
" " Network of compressor stat|ons Network of compressor stat|ons
" " Cas treatment and LPC extract|on fac|||ty Cas treatment and LPC extract|on fac|||ty
" " LPC pr|mary storage fac|||t|es LPC pr|mary storage fac|||t|es
860PE 0F CA8 CAThER|NC|PR06E88|NC 860PE 0F CA8 CAThER|NC|PR06E88|NC
FA6|L|T|E8 |NVE8THENT FA6|L|T|E8 |NVE8THENT
Revenue 8ources
Revenue 8ources
" " Cas Process|ng fees Cas Process|ng fees
" " 0eterm|ned by econom|cs of project (bas|s for se|ect|ng f|na| |n 0eterm|ned by econom|cs of project (bas|s for se|ect|ng f|na| |nvestor} vestor}
" " |nvestment subject to rate of return regu|at|on by the Cas Regu |nvestment subject to rate of return regu|at|on by the Cas Regu|ator |ator
" " Fees to be pa|d by gas producers (secur|t|zat|on of revenues thr Fees to be pa|d by gas producers (secur|t|zat|on of revenues through ough
FCN and wor|d ank Cuarantees, FCN and wor|d ank Cuarantees, L6s L6s for Pr|vate sector buyers} for Pr|vate sector buyers}
" " |ncrementa| LPC sa|e |ncrementa| LPC sa|e
" " |ncrementa| LPC extract|on beyond qua||ty spec w||| be |ncrementa| LPC extract|on beyond qua||ty spec w||| be
owned by 6PF owned by 6PF
" " LPC can be so|d |nto domest|c and export markets LPC can be so|d |nto domest|c and export markets
Revenue 8ources
Revenue 8ources
" " 8a|e of Acqu|red 3 8a|e of Acqu|red 3
rd rd
Party Cas Party Cas
" " 6PF through extended gather|ng system can access and 6PF through extended gather|ng system can access and
purchase stranded gas purchase stranded gas
" " Target w||| be f|ared gas and or gas from marg|na| f|e|d Target w||| be f|ared gas and or gas from marg|na| f|e|d
operators |.e. 6PF can act as a phys|ca| aggregator of operators |.e. 6PF can act as a phys|ca| aggregator of
gas w|th|n franch|se area gas w|th|n franch|se area
" " 6PF can ut|||ze acqu|red gas for own export LNC p|ant or for 6PF can ut|||ze acqu|red gas for own export LNC p|ant or for
other downstream domest|c use other downstream domest|c use
6apac|ty|6APEX Phas|ng
" " Forecast Cas 0emand Forecast Cas 0emand
" " w|th|n each franch|se area, a forecast gas w|th|n each franch|se area, a forecast gas
demand has been comp||ed demand has been comp||ed
" " 0emand prof||e w||| form bas|s for capac|ty 0emand prof||e w||| form bas|s for capac|ty
and 6APEX phas|ng and 6APEX phas|ng
" " 6apac|ty forecast by 2015 6apac|ty forecast by 2015
" " western area range from 3 western area range from 3- -8bcf|d 8bcf|d
" " 6entra| Area range from 1 6entra| Area range from 1- -4bcf|d 4bcf|d
" " 8outh eastern area range 1 8outh eastern area range 1- -7bcf|d 7bcf|d
" " Add|t|ona| gas can be purchased on b||atera| Add|t|ona| gas can be purchased on b||atera|
bas|s w|th the grow|ng popu|at|on of marg|na| bas|s w|th the grow|ng popu|at|on of marg|na|
f|e|ds etc f|e|ds etc
" " 8ecur|ng the 0emand 8ecur|ng the 0emand
" " Franch|se areas de||neated Franch|se areas de||neated - - 6PF to have exc|us|ve operat|ona| 6PF to have exc|us|ve operat|ona|
access w|th|n area go|ng forward |n add|t|on to ex|st|ng capac|t access w|th|n area go|ng forward |n add|t|on to ex|st|ng capac|ty y
" " C8PA C8PA' 's s been s|gned for anchor customers w|th|n each franch|se been s|gned for anchor customers w|th|n each franch|se
area area
" " Handatory domest|c ob||gat|ons w||| underp|n base throughput Handatory domest|c ob||gat|ons w||| underp|n base throughput
0EL|NEAT|0N 0F FRAN6h|8E AREA8 0EL|NEAT|0N 0F FRAN6h|8E AREA8
CA8 FL0w 86hEHAT|6 CA8 FL0w 86hEHAT|6
3 FL0w 6ATEC0R|E8 3 FL0w 6ATEC0R|E8
! ! !"#$%&'($)*#+&,"($ !"#$%&'($)*#+&,"($
#)**-.,&#$/"0,$1$*'##.2-,$ #)**-.,&#$/"0,$1$*'##.2-,$
%-'3$*"+/# %-'3$*"+/#
45 45 6,,+$7'(,#+.8$ 6,,+$7'(,#+.8$
'2-.9"+.': '2-.9"+.':
;5 ;5 6,,+$'3:$7,7.8"+,7$ 6,,+$'3:$7,7.8"+,7$
,<*'&+$*&'=,8+ ,<*'&+$*&'=,8+
15 15 >')-7$2,$,<8,##$9"#$ >')-7$2,$,<8,##$9"#$
*&'7)8,7$'0,&$":7$ *&'7)8,7$'0,&$":7$
"2'0,$7'(,#+.8$ "2'0,$7'(,#+.8$
'2-.9"+.': '2-.9"+.':
! ! ?<8,##$9"#$*'+,:+."--@$ ?<8,##$9"#$*'+,:+."--@$
8')-7$2, 8')-7$2,
45 45 "99&,9"+,7$2@$":7$ "99&,9"+,7$2@$":7$
*)&8/"#,7$2@$+/,$>AB$$ *)&8/"#,7$2@$+/,$>AB$$
'& '&
;5 ;5 C.-"+,&"--@$:,9'+."+,7$ C.-"+,&"--@$:,9'+."+,7$
2,+3,,:$#)**-.,&$":7$ 2,+3,,:$#)**-.,&$":7$
,:7$2)@,&$":7$ ,:7$2)@,&$":7$
*&'8,##,7$+/&')9/$>AB$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ *&'8,##,7$+/&')9/$>AB$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
8trateg|c Access to Cas 8trateg|c Access to Cas
Reserves by 6PF Reserves by 6PF
" "|ncreas|ng number of 3 |ncreas|ng number of 3
rd rd
t|er o|| and t|er o|| and
gas compan|es w|th|n N|ger|a gas compan|es w|th|n N|ger|a
" " 6ompan|es w|th |ess than 1T6F gas 6ompan|es w|th |ess than 1T6F gas
reserves reserves
" " 8cope to aggregate these gas 8cope to aggregate these gas
(subject to b||atera| arrangements} (subject to b||atera| arrangements}
" " 6PF operator can ut|||ze th|s gas 6PF operator can ut|||ze th|s gas
for own export or domest|c project for own export or domest|c project
6ontractua| Framework 6ontractua| Framework
Transm|ss|on
6ompany
D+/,&$?<*'&+$C)@,&#
!E,9.':"-$A.*,-.:,#
!A)&,$F.G),%"8+.':$FH!$A-":+#
A'3,&$
A-":+#
B,&+.-.I,&
A-":+#
6,+/":'-$
A-":+#
J'(,#+.8$C)@,&#
J'(,#+.8
K+&"+,9.8
L99&,9"+'&
M
L99&,9"+,
M
K,8+'&
M
N&":#(.##.':
M
A&'8,##.:9
M
H,9'+."+,7
M
H,9'+."+,7
6ompos|te Revenue Framework 6ompos|te Revenue Framework
6PF
Cas Transm|ss|on |nvestment 0pportun|t|es Cas Transm|ss|on |nvestment 0pportun|t|es
! ! 1,135KH P|pe||ne 1,135KH P|pe||ne
! ! 5 5" " x 55KH x 55KH
! ! 48 48" " x 1080KH x 1080KH
! ! Key Harkets Key Harkets
! ! 0omest|c 0omest|c
! ! Trans 8ahara Trans 8ahara
! ! Cas Throughput Peak Cas Throughput Peak
! ! 3,800HH8cfd 3,800HH8cfd
8outh 8outh - - North 8ystem North 8ystem
! ! 3 3" "x 412km ex|st|ng x 412km ex|st|ng
ELP8 P|pe||ne, ELP8 P|pe||ne,
! ! 42 42" "x 200km offshore x 200km offshore
p|pe||ne to p|pe||ne to 8agamu 8agamu
! ! 24 24" "x 25km x 25km 8agamu 8agamu to to
Jebba Jebba
! ! Key Harkets Key Harkets
! ! 0omest|c 0omest|c
! ! wACP wACP
! ! Cas Throughput Cas Throughput
! ! 3,250HH8cfd 3,250HH8cfd
western 8ystem
! ! 30KH P|pe||ne 30KH P|pe||ne
! ! 3 3" " x 19KH x 19KH
! ! 42 42" " x 110KH x 110KH
|nterconnector 8ystem |nterconnector 8ystem
3 Cas Transm|ss|on 3 Cas Transm|ss|on
8ystems 8ystems
8trategy 8trategy
" " 3 Transm|ss|on systems to be operated |ndependent|y 3 Transm|ss|on systems to be operated |ndependent|y
" " 8ystems w||| be |nterconnected 8ystems w||| be |nterconnected
Revenue 8ource Revenue 8ource
" " Transm|ss|on tar|ff Transm|ss|on tar|ff
" " 0eterm|ned by econom|cs of project (bas|s for se|ect|ng f|na| |n 0eterm|ned by econom|cs of project (bas|s for se|ect|ng f|na| |nvestor} vestor}
" " |nvestment subject to rate of return regu|at|on by the Cas Regu |nvestment subject to rate of return regu|at|on by the Cas Regu|ator |ator
" " Tar|ff to be pa|d by gas buyers Tar|ff to be pa|d by gas buyers
6ontractua| Arrangement 6ontractua| Arrangement
" " Cas Transm|ss|on agreement between gas buyers and Cas Transm|ss|on agreement between gas buyers and
transm|ss|on company transm|ss|on company
Cas Transm|ss|on |nvestment 0pportun|t|es Cas Transm|ss|on |nvestment 0pportun|t|es
60NTENT
!
!
!
!
!
!
!
!
F|sca| Terms
F|sca| Terms
!
!
Next 8teps
Next 8teps
APPL|6ALE F|86AL TERH8 APPL|6ALE F|86AL TERH8
" " App||cab|e f|sca| term |s 6|TA App||cab|e f|sca| term |s 6|TA
" " 6|TA |ncent|ves (0ecree 18, 1998}: 6|TA |ncent|ves (0ecree 18, 1998}:
" " |n|t|a| tax free per|od of 3 yrs, renewab|e for 2 more years |n|t|a| tax free per|od of 3 yrs, renewab|e for 2 more years
(0ecree 30, 1999}. (0ecree 30, 1999}.
" " A|ternat|ve to the |n|t|a| tax free per|od (above}, an add|t|ona A|ternat|ve to the |n|t|a| tax free per|od (above}, an add|t|ona| |
|TA (|nvestment tax a||owance} of 357 wh|ch sha|| not reduce |TA (|nvestment tax a||owance} of 357 wh|ch sha|| not reduce
the va|ue of the asset. 8uch company not ent|t|ed to the |TA of the va|ue of the asset. 8uch company not ent|t|ed to the |TA of
157 |n ( 157 |n (b}(|| b}(||} be|ow. } be|ow.
" " Acce|erated cap|ta| a||owance after the tax free per|od, as Acce|erated cap|ta| a||owance after the tax free per|od, as
fo||ows fo||ows
" "An annua| a||owance of 907 w|th 107 retent|on for An annua| a||owance of 907 w|th 107 retent|on for
|nvestment |n p|ant and mach|nery (0ecree 19, 1998} |nvestment |n p|ant and mach|nery (0ecree 19, 1998}
" "An add|t|ona| |nvestment a||owance of 157 wh|ch sha|| An add|t|ona| |nvestment a||owance of 157 wh|ch sha||
not reduce the va|ue of the asset; (0ecree 30 1999} not reduce the va|ue of the asset; (0ecree 30 1999}
APPL|6ALE F|86AL TERH8 (6ontd.} APPL|6ALE F|86AL TERH8 (6ontd.}
" " Tax free d|v|dend dur|ng the tax free per|od where: Tax free d|v|dend dur|ng the tax free per|od where:
" "The |nvestment for the bus|ness was |n fore|gn currency, or The |nvestment for the bus|ness was |n fore|gn currency, or
" "The |ntroduct|on of |mported p|ant and mach|nery dur|ng the per| The |ntroduct|on of |mported p|ant and mach|nery dur|ng the per|od od
was not |ess than 307 of the equ|ty share cap|ta| of the company was not |ess than 307 of the equ|ty share cap|ta| of the company. .
" " |nterest payab|e on |oan obta|ned w|th pr|or approva| of the H|n |nterest payab|e on |oan obta|ned w|th pr|or approva| of the H|n|ster for |ster for
a gas project sha|| be deduct|b|e. a gas project sha|| be deduct|b|e.
" " The tax free per|od of a company sha|| start on the day the comp The tax free per|od of a company sha|| start on the day the company any
commences product|on as cert|f|ed by the H|n|stry of Petro|eum commences product|on as cert|f|ed by the H|n|stry of Petro|eum
resources. resources.
" " Cas ut|||zat|on under 6|TA |s def|ned as : Cas ut|||zat|on under 6|TA |s def|ned as : ? ?#<$)2'&9$#*"%)'"() #<$)2'&9$#*"%)'"()
(*,#&*@-#*0")0+)"'#-&'4)%',)+0&).022$&.*'4)1-&10,$)'"()*".4-($) (*,#&*@-#*0")0+)"'#-&'4)%',)+0&).022$&.*'4)1-&10,$)'"()*".4-($)10;$&) 10;$&)
14'"# 14'"#3)4*A-$+*$()"'#-&'4)%',3)%',)#0)4*A-*()14'"#3)+$&#*4*B$&)14'"#3) 3)4*A-$+*$()"'#-&'4)%',3)%',)#0)4*A-*()14'"#3)+$&#*4*B$&)14'"#3)%',) %',)
#&'",2*,,*0")'"()(*,#&*@-#*0")1*1$4*"$, #&'",2*,,*0")'"()(*,#&*@-#*0")1*1$4*"$,C CD D
APPL|6ALE F|86AL TERH8 APPL|6ALE F|86AL TERH8
- - Ant|c|pated Leg|s|at|ve Add|t|ons Ant|c|pated Leg|s|at|ve Add|t|ons
! !
No ant|c|pated changes |n 6|TA
No ant|c|pated changes |n 6|TA
! !
0ownstream Cas |||:
0ownstream Cas |||:
! ! Regu|atory framework for 0ownstream act|v|t|es |nc|ud|ng Regu|atory framework for 0ownstream act|v|t|es |nc|ud|ng
open access pr|nc|p|es. open access pr|nc|p|es.
! ! Estab||shes the Cas Regu|ator Estab||shes the Cas Regu|ator
! ! Regu|ator to determ|ne reasonab|e return for common use Regu|ator to determ|ne reasonab|e return for common use
fac|||t|es e.g. p|pe||ne, 6PF. fac|||t|es e.g. p|pe||ne, 6PF.
! ! Cas F|sca| Reform ||| Cas F|sca| Reform |||
! ! Removes 6onso||dat|on of Cas |nvestment w|th 0|| Removes 6onso||dat|on of Cas |nvestment w|th 0||
! ! Prov|des for a non d|scr|m|natory f|sca| reg|me for a|| Prov|des for a non d|scr|m|natory f|sca| reg|me for a||
upstream Cas p|ayers upstream Cas p|ayers
60NTENT 60NTENT
!
!
!
!
!
!
!
!
F|sca| Terms
F|sca| Terms
!
!
Next 8teps
Next 8teps
|NVE8T0R TYPE8 |NVE8T0R TYPE8
" " 0pen to a|| cred|b|e |nvestors |ook|ng to have a footho|d |n 0pen to a|| cred|b|e |nvestors |ook|ng to have a footho|d |n
the N|ger|an Cas 8ector the N|ger|an Cas 8ector through |n|t|a| |nvestment |n a through |n|t|a| |nvestment |n a
commerc|a||y v|ab|e gas |nfrastructure p|ay commerc|a||y v|ab|e gas |nfrastructure p|ay
" " 2 6ategor|es ant|c|pated 2 6ategor|es ant|c|pated
1. 1. P|pe||ne 6ompan|es P|pe||ne 6ompan|es
2. 2. Cas Cather|ng and Process|ng 6ompan|es Cas Cather|ng and Process|ng 6ompan|es
a} a} |nvestors w|th broader LNC export asp|rat|ons |nvestors w|th broader LNC export asp|rat|ons
b} b} |nvestors w|th broader domest|c |ndustry |nvestors w|th broader domest|c |ndustry
(methano|, Petrochem|ca| etc.} asp|rat|ons (methano|, Petrochem|ca| etc.} asp|rat|ons
c} c} Pure Pure- -p|ay |nfrastructure |nvestors |ook|ng to bu||d, p|ay |nfrastructure |nvestors |ook|ng to bu||d,
own and operate gas fac|||t|es for commerc|a| return own and operate gas fac|||t|es for commerc|a| return
d} d} Pr|vate Equ|ty |nvestors Pr|vate Equ|ty |nvestors
|N0|6AT|VE NEXT 8TEP8 |N0|6AT|VE NEXT 8TEP8
! ! 6|ar|f|cat|on Per|od 6|ar|f|cat|on Per|od 1 1
st st
- - 30 30
th th
June June
! ! Potent|a| |nvestors post quest|ons for c|ar|f|cat|on on webs|te Potent|a| |nvestors post quest|ons for c|ar|f|cat|on on webs|te
! ! 0uest|ons answered and shared on webs|te 0uest|ons answered and shared on webs|te
! ! ' '|nv|tat|on to b|d |nv|tat|on to b|d' ' 1 1
st st
- - 15 15
th th
Ju|y Ju|y
! ! C|oba| advert|sement (FT, Econom|st} C|oba| advert|sement (FT, Econom|st}
! ! |nvestor Express|on of |nterest |nvestor Express|on of |nterest 15 15
th th
Ju|y Ju|y - - 15 15
th th
August August
! ! |nvestors 0eve|ops |d Proposa| |nvestors 0eve|ops |d Proposa|s s 15 15
th th
August August - - 15 15
th th
0ec. 0ec.
! ! Proposa| Eva|uat|on and 8e|ect|on Proposa| Eva|uat|on and 8e|ect|on Jan Jan- -Har 2009 Har 2009
! ! 6ommencement of |nvestment 6ommencement of |nvestment Apr|| 2009 Apr|| 2009
NEXT 8TEP8 NEXT 8TEP8
www.ngmproadshow.com
www.ngmproadshow.com
For further deta||s from 1
For further deta||s from 1
st st
June
June
2008
2008
Thank You!!!
Thank You!!!

The Nigerian Gas Master Plan - As Presented by NNPC in 2008 GAS Roadshow2

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The Nigerian Gas Master Plan - As Presented by NNPC in 2008 GAS Roadshow2

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The N|ger|an Cas Haster

The N|ger|an Cas Haster

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