Nigeria Strikes Energy Gold – Historic 1.29 Billion Daily Gas Deal Transforms National Power Play
The Nigerian National Petroleum Company Limited and five upstream gas suppliers have signed landmark 20-year Gas Supply Agreements with Nigeria Liquefied Natural Gas Limited for the delivery of 1.29 billion standard cubic feet of feedgas daily, marking a transformative moment for the country’s energy sector.
The agreements were signed with SNEPCO-Sunlink HI project, TEPNG AMNI JV IMA project, NNPCL-First E&P JV, SNG NGML, Oando-NNPC E&P, and TEPNG JV Ubeta. The massive gas supply will be gradually scaled up over time and includes extension options.
NNPC Group Chief Executive Officer Bayo Ojulari described the agreements as “a giant step towards value creation and sustainable gas supply,” adding that they open opportunities for both local and international industry growth. The deals aim to bridge prolonged shortfalls in upstream gas availability and represent a major boost for Nigeria’s energy transition agenda.
NLNG Managing Director Philip Mshelbila called the milestone “a turning point in NLNG’s journey,” noting that recent years had seen operations significantly impacted by pipeline disruptions, including vandalism and sabotage. The agreements reinforce Nigeria’s role in the global energy market while strengthening feedgas supply to the Bonny Island plant.
Sources: Punch and ThisDay
