Investor Presentaiton

DIAGNOSIS OF THE GAS SECTOR Other Commercial Issues ■ Gas Agreements ■ Significant portion of currently supplied domestic gas not backed by a standard GSPA As investment deepens in the sector, bankable GSPAs are required Outstanding Debt ■ IOCS/NNPC are owed over N10 bn by the domestic market (largely PHCN) from supplies made historically over the last few years Other commercial issues such as lack of world class agreements, unpaid debts contribute to making the domestic gas market a less attractive market for the investors

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