A structured marketplace for short and medium-term gas
The GasTrade NG spot market connects participants with surplus gas to buyers requiring short-term or medium-term volumes, through transparent, time-bound market rounds.
Market process
- 1
Sellers declare available gas
- 2
GasTrade aggregates available volume
- 3
Market opens
- 4
Registered buyers receive market notice
- 5
Buyers submit price and quantity bids
- 6
Bidding window closes
- 7
Bids are ranked
- 8
Available gas is allocated
- 9
Seller allocation is confirmed
- 10
Contract / trade confirmation
- 11
Daily nominations
- 12
Gas delivery
- 13
Metering & reconciliation
- 14
Settlement
Market discipline
This workflow is administered by GasTrade NG's trading desk and is configurable — administrators can adjust bidding windows, allocation rules and approval requirements as the market matures. No irreversible commercial transaction is executed automatically; authorised GasTrade NG personnel review and approve allocations before trade confirmation is issued.
Market data
Monthly Weighted-Average Price
Indicative $/MMBtu across all GasTrade NG market rounds
Current spot market activity
| Market | Supply Point | Delivery Period | Available Volume | Indicative Price | Bid Deadline | Status | Action |
|---|---|---|---|---|---|---|---|
| MR-2026-014 | Oben Interconnect (OB3) | October 2026 | 42 MMscf/d | $2.65–$3.15/MMBtu | 18 Sep 2026, 14:00 WAT | Active | View market → |
| MR-2026-013 | Escravos Gas Plant Injection (ELPS) | October 2026 | 65 MMscf/d | $2.70–$3.05/MMBtu | 19 Sep 2026, 14:00 WAT | Active | View market → |
| MR-2026-012 | Alagbado Off-take (ELPS) | September 2026 | 30 MMscf/d | $2.80–$3.20/MMBtu | 05 Sep 2026, 14:00 WAT | Pending | View market → |
| MR-2026-011 | Kaduna Off-take (AKK) | September 2026 | 18 MMscf/d | $3.05–$3.45/MMBtu | 01 Sep 2026, 14:00 WAT | Matched | View market → |
| MR-2026-009 | Oben Interconnect (OB3) | August 2026 | 38 MMscf/d | $2.60–$2.95/MMBtu | 04 Aug 2026, 14:00 WAT | Completed | View market → |
- Supply Point
- Oben Interconnect (OB3)
- Delivery Period
- October 2026
- Available Volume
- 42 MMscf/d
- Indicative Price
- $2.65–$3.15/MMBtu
- Bid Deadline
- 18 Sep 2026, 14:00 WAT
- Supply Point
- Escravos Gas Plant Injection (ELPS)
- Delivery Period
- October 2026
- Available Volume
- 65 MMscf/d
- Indicative Price
- $2.70–$3.05/MMBtu
- Bid Deadline
- 19 Sep 2026, 14:00 WAT
- Supply Point
- Alagbado Off-take (ELPS)
- Delivery Period
- September 2026
- Available Volume
- 30 MMscf/d
- Indicative Price
- $2.80–$3.20/MMBtu
- Bid Deadline
- 05 Sep 2026, 14:00 WAT
- Supply Point
- Kaduna Off-take (AKK)
- Delivery Period
- September 2026
- Available Volume
- 18 MMscf/d
- Indicative Price
- $3.05–$3.45/MMBtu
- Bid Deadline
- 01 Sep 2026, 14:00 WAT
- Supply Point
- Oben Interconnect (OB3)
- Delivery Period
- August 2026
- Available Volume
- 38 MMscf/d
- Indicative Price
- $2.60–$2.95/MMBtu
- Bid Deadline
- 04 Aug 2026, 14:00 WAT
Where gas can be delivered
Escravos–Lagos Pipeline System
A major western corridor carrying gas from the Niger Delta toward Lagos and the south-west power and industrial load centres.
Oben–Obiafu–Obrikom Pipeline
A central trunkline connecting major gas processing hubs and feeding onward transmission corridors, including AKK.
Ajaokuta–Kaduna–Kano Pipeline
A northern corridor extending gas supply toward Ajaokuta, Kaduna and Kano to support industrial and power demand in the north.
Contracting framework
- Gas Trading Agreement — Purchase Confirmation
- Short-Term Gas Trading Agreement
- Gas Trading Agreement — Firm Delivery
- Sale Agency Agreement
Frequently asked questions
Who can participate in the spot market?
Companies that have completed GasTrade NG's institutional registration, KYC/KYB review and been approved for trading access.
How is available gas allocated?
Bids are ranked by GasTrade NG's rules-based matching engine considering price, volume, pipeline compatibility, delivery point and buyer credit status, then reviewed by an authorised trading administrator before confirmation.
Can I see other participants' bids?
No. Buyers cannot see competing buyers' identities or bids, and sellers cannot see competing sellers' confidential information. Only aggregated, anonymised market information is published.
What happens after allocation?
Allocated participants receive a trade confirmation referencing the applicable standard form agreement, followed by daily nomination and delivery processes.
Is a listing on GasTrade NG a binding offer?
No. Information on GasTrade NG does not constitute an automatic binding offer unless expressly identified as such. A transaction becomes binding only following the processes in the applicable executed GasTrade NG agreement and an authorised trade confirmation.