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Wed, Apr 02, 2025
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NNPCL, Ssonic Petroleum seal 80mmscf/d Gas Supply Deal
By emmanuel MALAGU
MD, NGML, Justin Ezeala and CEO of Ssonic Petroleum, Ifeoma Douglas at the Gas Supply Agreement Signing Ceremony
The NNPC Gas Marketing Limited (NGML), and NIPCO Gas Limited, have signed an Agreement with Ssonic Petroleum Limited to supply Natural Gas to the Company’s Proposed Liquefied Natural Gas (LNG) Plant in Lagos State.
NGML, a Subsidiary of the NNPC Limited and its Unincorporated Joint Venture (UJV) Partner, NIPCO, executed the Gas Sale and Purchase Agreement (GSPA) with Ssconic to supply Gas to its Plant located at Lekki Free Trade Zone, Lagos state.
The NNPC Limited’s Spokesperson, Olufemi Soneye, in a Statement on Friday in Abuja, said under the Terms of the Agreement executed, the NGML-NIPCO UJV would supply 80 million standard cubic feet (mmscf) per day of Natural Gas for 20 years.
He said the Gas Supply Agreement was part of efforts by the NNPC Limited to boost Domestic Gas Utilisation for the Nation’s Industrial and Economic Growth.
This Development, he said would promote the use of Gas as a Cleaner, Cheaper and more Environmentally Friendly Fuel in keeping with the Goal of reducing Global Warming.
Credit NAN: Texts excluding Headline
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