The Nigerian National Petroleum Company (NNPC) Limited has met with a consortium of South Korean investors to explore investment prospects within Nigeria’s gas market.
According to media reports, the discussions are expected to enable the signing of a memorandum of understanding (MoU) which will pave the way for greenfield investments in Nigeria’s gas sector while driving various natural gas projects in the country.
“The talks were aimed at deepening the drive of NNPC Ltd. to tap into the nation’s vast gas resources to be a supplier of clean and affordable energy to the global market,” NNPC said in a press statement.
The meeting, which took place in Seoul, included manufacturing and engineering conglomerate Daewoo.
It aligns with Nigeria’s efforts to attract foreign direct investments to expand its gas industry.
Source: https://energynewsafrica.com
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