PETROLEUM INDUSTRY ACT, 2021

Section 153: Domestic Gas Aggregation Licence.

2021Section 153 of 320Federal Republic of Nigeria

1 Subject to sections 111 and 125 of this Act, the Authority may upon approval of an application and payment of prescribed fees, grant and issue a qualified person a domestic gas aggregation licence.

2 The duration of the domestic gas aggregation licence shall be for a period of two years effective from the date of the grant of the licence.

3 The domestic gas aggregation licence may be renewed by the Authority for further period of two years in each instance until the attainment of liquidity in the domestic gas market pursuant to the criteria of section 167 (3) of this Act, whereupon gas aggregation shall cease and the domestic gas aggregation licence shall be terminated by the Authority.

4 The board of domestic gas aggregator shall determine the fees for the services of the domestic gas aggregator and the fees shall be paid by the producer clients and customer clients in order to ensure self-financing of the domestic gas aggregator.

Cite this section

Section 153, PETROLEUM INDUSTRY ACT, 2021 (2021).

https://repo.podus.ai/laws/petroleum-industry-act-2021/section/153/