Page 9 - AfrOil Week 28 2022

AfrOil PERFORMANCE AfrOil

Algerian gas flows to Spain via the Medgaz pipeline have declined this year (Image: Wikimedia)

(The latter country hosts a section of the GME, flows from 312 MWh (31.936 mcm) per day as
which begins at the Hassi R’Mel gas field. Algiers of March 14 to 234 MWh (23.952 mcm) per day
did offer to make up for the halt of transit ship- as of May 1.
ments through Morocco by increasing deliveries These more recent reductions occurred after
through alternative routes, such as the Medgaz Algerian authorities responded to the Spanish
pipeline, but it is not clear whether it has been government’s endorsement of a Moroccan plan
able to keep this promise in full.) to grant autonomy to the territory of Western
Meanwhile, Enagas noted that Algeria also Sahara by threatening to halt gas exports to
made a 25% supply cut this year, reducing gas Spain. ™

Nigeria sees long queues

as gasoline prices spike

NIGERIA FILLING stations in Lagos, Abuja, Niger and
other regions were selling gasoline (known
locally as premium motor spirit, or PMS) at
a price of up to NGN250 ($0.60) per litre on
July 10, a significant increase over the govern-
ment-approved retail price of NGN165 ($0.39),
local newspaper Punch revealed.
The price hikes come as long queues wors-
ened throughout the country, due to the insuf-
ficient supply of products by the Nigerian
National Petroleum Co. Ltd (NNPC Ltd), the Queues at filling stations are lengthening (File Photo)
sole importer of gasoline into Nigeria.
Punch also said that black marketers were February, but the issue has grown worse. Fuel
selling fuel at an even higher price, as specula- marketers have denied hoarding petroleum
tors sought to make a quick buck in the chaos. products and have placed the blame squarely on
Abuja has seen long queues to refill cars since NNPC Ltd.

Week 28 13•July•2022 www. NEWSBASE .com P9