The Gas Aggregation Company Nigeria Limited (GACN) was established for the purpose of stimulating growth of natural gas utilization in the Nigerian domestic market, further to the statutory requirement of the National Domestic Gas Supply and pricing regulations.
Nexus Alliance Limited worked with GACN to develop, install and commission a solution by which GACN can manage the aggregation process mentioned below and associated with gas sales in Nigeria.
The Gas Aggregation Company Nigeria Limited (GACN), the “Aggregator”, as part of its functions as stipulated in The National Domestic Gas Supply and Pricing Policy 2008, is to manage and coordinate payments for gas supplies to Sellers under the FGN stipulated Domestic Supply Obligation (DSO) as derived from the Gas Sale & Aggregation Agreements (GSAAs) and Price Aggregation Rules.
These Price Aggregation Rules will apply to all GSAA gas volumes sold under the FGN stipulated Domestic Supply Obligation as maybe communicated to Supplier(s) from time to time by Department of Petroleum Resources (DPR). As part of the conditions for GSAA, supplier signs unto a Price Aggregation Rules Agreement (PARA) which is the base for revenue aggregation under this process. References in the attached Price Aggregation Rules Agreement to specific Articles refer to the standard Gas Sale & Aggregation Agreement also attached. GSAAs under this framework will follow a common template, although specific bilateral terms or conditions may vary.
The PAR System, developed by Nexus, is a software system to be used for the seamless administration of the aggregation process to enable GACN carry out its obligations both under the GSAA and Price Aggregation Rules Agreement.