Nigerian state-owned energy company NNPC Ltd has signed six long-term gas agreements with industry partners aimed at boosting domestic gas supply, supporting industrialisation and strengthening the country’s energy security, the company said.
The agreements, signed on Tuesday during the 25th NOG Energy Week in Abuja, include a Memorandum of Understanding (MoU), a Gas Sale Aggregation Agreement (GSAA), a Gas Supply Agreement (GSA) and three Network Entry Agreements.
The deals include an MoU and a GSAA with Ajaokuta Steel Company Limited (ASCL), a GSA with UTM FLNG, and Network Entry Agreements with Chevron Nigeria Ltd, AGPC and NNPC Exploration & Production Ltd (NEPL).
NNPC Group Chief Executive Officer Bayo Bashir Ojulari said the agreements support the federal government’s gas-led industrialisation strategy and are expected to increase gas availability for domestic consumers.
“What we are witnessing today is not just about signing agreements. It is about igniting the engine of Nigeria’s industrialisation,” Ojulari said. “Gas is the key. It is a source of revenue and profit. It is also the only resource that can have this level of industrial impact on Nigeria, more than any other hydrocarbon.”
He said the agreements establish a standardised framework for gas utilisation that will unlock additional domestic supply and reinforce the role of natural gas in driving economic growth.
Ojulari said the agreements also mark a new phase of collaboration between NNPC and its partners, which he said would promote local content development, improve energy security and support Nigeria’s ambition to become a major industrial economy.
The signing ceremony was witnessed by Minister of State for Petroleum Resources (Gas) Ekperikpe Ekpo, Minister of State for Petroleum Resources (Oil) Heineken Lokpobiri, Special Adviser to the President on Energy Olu Verheijen, Nigerian Upstream Petroleum Regulatory Commission Executive Commissioner Oritsemeyiwa Eyesan and Nigerian Midstream and Downstream Petroleum Regulatory Authority Chief Executive Farouk Ahmed.
The agreements have tenures ranging from 15 to 20 years.
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