PETROLEUM INDUSTRY ACT, 2021

Section 147: General Duties of Gas Retailer.

2021Section 147 of 320Federal Republic of Nigeria

In addition to conditions the Authority may impose under section 114 of this Act or that may be prescribed by regulation, a retail gas supply licence shall be deemed to be granted subject to the duty of the holder to—
(a) develop and maintain a safe, efficient, reliable and economical service for the retailing of marketable natural gas;
(b) carry on its business in a manner that shall promote competition and avoid monopoly in the natural gas market in Nigeria;
(c) construct, operate and maintain its gas compression and liquefaction facilities in a safe, economical, and reliable manner taking into account any strategic plans formulated by the Authority;
(d) shut down its gas compression and liquefaction facilities in emergencies in order to carry out maintenance or respond to curtailment directives issued by the Authority;
(e) conduct its activities in a safe and reliable standard in compliance with prescribed environmental, health and safety-related regulations issued under this or any other Act;
(f) publish the prices to be charged and to be paid by a person to whom the gas retailer sells natural gas in a manner to ensure adequate publicity unless the Authority direct otherwise; and
(g) comply with customer protection measures set out in sections 164, 165 and 166 of this Act.

Cite this section

Section 147, PETROLEUM INDUSTRY ACT, 2021 (2021).

https://repo.podus.ai/laws/petroleum-industry-act-2021/section/147/