NNPC Seals Six Gas Agreements to Power Nigeria’s Industrial Drive
The Nigerian National Petroleum Company Ltd. finalised six key gas deals at the 25th Nigeria Oil and Gas Energy Week in Abuja. These pacts include a memorandum and gas sale agreement with Ajaokuta Steel Company, a wet gas sale deal with UTM Floating LNG, and network entry arrangements with Chevron Nigeria Ltd., AGPC and NNPC Exploration and Production Ltd. NNPC’s Group Chief Executive Officer said the partnerships will deepen gas utilisation, boost domestic supply and strengthen the Nigerian Gas Transportation Network Code. One agreement secures three million standard cubic feet per day for the Ajaokuta Steel Complex, while another commits 200 million cubic feet daily to the UTM FLNG project ahead of a final investment decision. Witnessed by petroleum resources ministers and regulatory chiefs, these signings are expected to inject up to 800 million cubic feet of gas into the domestic network. The move aims to support power plants, gas-based industries and strategic infrastructure, fast-tracking Nigeria’s gas-based industrialisation drive.
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