The Nigerian National Petroleum Company Limited (NNPC Ltd) on Tuesday, signed several agreements with partners, these agreements ranged from Gas Supply Agreement (GSA), gas transportation deals among others.
The agreements, executed on the sidelines of the ongoing 25th NOG Energy Week, in Abuja, include: an MoU with Ajaokuta Steel Company Limited (ASCL) ; a Gas Sale Aggregation Agreement (GSAA) with Ajaokuta Steel Company Limited (ASCL); a GSA with UTM FLNG; a Network Entry Agreement with Chevron Nigeria Ltd; a Network Entry Agreement with AGPC, and a Network Entry Agreement with NNPC Exploration & Production Ltd (NEPL).
According to Bayo Ojulari, group chief executive officer, NNPC Ltd, the agreements underscore the company’s commitment to advancing the Federal Government’s gas-based industrialisation agenda, driving sustainable economic growth and enhancing Nigeria’s energy security.
“What we are witnessing today is not just about signing agreements. It is about igniting the engine of Nigeria’s industrialisation. 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.”, Ojulari stated.
