Bloomberg: Nigeria Eases Grip on Gas Prices to Boost Power-Plant Supply

Nigeria’s energy regulator said it’s prepared to approve higher prices for natural-gas supply to ensure increased deliveries to the nation’s ailing power plants.

The Nigerian Electricity Regulatory Commission will consider endorsing contracts above the regulated rate between a “willing buyer and willing seller,” Chairman Sam Amadi said in an interview in Lagos.

The West African country needs to increase deliveries of gas to power stations to boost generation for its 170 million people. 

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