The Nigerian National Petroleum Company (NNPC) has sealed multiple gas agreements to unleash Nigeria’s gas aspirations as a catalyst for industrial growth and enhance the African nation’s energy security.
NNPC has signed six strategic agreements, ranging from a memorandum of understanding (MoU) with Ajaokuta Steel Company Limited (ASCL); a gas sale aggregation agreement (GSAA) with ASCL; a gas supply agreement (GSA) with UTM FLNG; a network entry agreement with Chevron Nigeria; another network entry agreement with AGPC; and a third such deal with NNPC Exploration & Production Ltd (NEPL).
These deals are said to mark a significant milestone in Nigeria’s journey toward the government’s gas-based industrial revitalization and enhanced energy security. The signing of the agreements was witnessed by Ekperikpe Ekpo, Minister of Petroleum (Gas); Senator Heineken Lokpobiri, Minister of Petroleum ( Oil); Olu Verheijen, Special Adviser to President on Energy; Oritsemeyiwa Eyesan, Commission Chief Executive of NUPRC; and Rabiu Umar, Authority Chief Executive of NMDPRA.
Bayo Bashir Ojulari, GCEO NNPC, commented: “What we are witnessing today is not just about signing agreements. It is about igniting the engine of Nigeria’s industrialization. Gas is the key. It is source of revenue and profit. It is also the only product that can have that level of industrial impact on Nigeria, more than any other hydrocarbon.”