Company seals six strategic agreements, including a 20-year gas supply deal and network expansion expected to inject 800MMscf/d into Nigeria’s gas system.
The Nigerian National Petroleum Company Limited (NNPC Ltd) has signed six strategic agreements aimed at accelerating gas-based industrialisation, including a 20-year gas supply deal to support the revival of the Ajaokuta Steel Complex.
The agreements, signed during the 25th NOG Energy Week in Abuja, also include a 15-year gas supply agreement between the NNPC/Seplat Energy Joint Venture and UTM FLNG Ltd to provide 200MMscf/d of gas for the floating LNG project.
NNPC also executed Network Entry Agreements with Chevron Nigeria Limited, AGPC and NNPC Exploration and Production Limited (NEPL), a move expected to inject up to 800MMscf/d of natural gas into the domestic transportation network.
NNPC Group Chief Executive Officer, Bayo Ojulari, described the agreements as a major step towards Nigeria’s industrialisation, saying they would strengthen energy security, expand domestic gas utilisation and support the development of critical infrastructure across the country.
The agreement with Ajaokuta Steel also includes plans to collaborate on producing steel pipes for major gas pipeline projects, including the African-Atlantic Gas Pipeline and the Escravos-Lagos Pipeline System Phase 3.