NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company (NNPC), signed a 10-year Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals. NGML will supply 100 million standard cubic feet per day (MMSCF/D) of gas to Dangote Refinery to support local production and stimulate industrial growth.
The agreement, signed by NGML Managing Director Justin Ezeala and Dangote Group CEO Aliko Dangote, emphasizes natural gas as a power source and feedstock for the refinery in Ibeju-Lekki, Lagos. Chief Corporate Communications Officer Olufemi Soneye noted that this aligns with President Bola Tinubu’s economic policy of utilizing Nigeria’s abundant gas resources to spur industrial expansion.
This landmark agreement, executed without capital expenditure, includes a 50MMSCF/D firm supply and an additional 50MMSCF/D interruptible supply for a decade, with renewal options. It reinforces NGML’s commitment to domestic gas usage, benefitting industries nationwide and ensuring energy security through strategic gas initiatives across Nigeria.
, a subsidiary of the Nigerian National Petroleum Company (NNPC), signed a 10-year Gas Sale and Purchase...){kind=link}