• Latest
  • Trending
  • All
NNPC, Dangote reach New Agreement with 10-year  gas deal

NNPC, Dangote reach New Agreement with 10-year gas deal

Ondo Deputy Speaker and Majority Leader resign

Ondo Deputy Speaker and Majority Leader resign

Chief of Army Staff Oluyede relocates to Markurdi over Herdsmen Attacks

Chief of Army Staff Oluyede relocates to Markurdi over Herdsmen Attacks

‘How driver lost control’ – Survivor Narrates Accident that killed 22 Kano Athletes

‘How driver lost control’ – Survivor Narrates Accident that killed 22 Kano Athletes

Nigerian Government Announces Public Holidays for Sallah Celebrations

Nigerian Government Announces Public Holidays for Sallah Celebrations

The progress of Kano state is non – negotiable – Engr. Yusuf

Kano Declares 12-day Sallah Holiday for Schools

Kwara mobile court convicts 135 sanitation violators |

Kwara Law Students Appeal for Immediate Release of Law School Scholarship Funds

‘We have recovered reasonable amount’ – EFCC gives update on N1.3trn CBEX crypto fraud

‘We have recovered reasonable amount’ – EFCC gives update on N1.3trn CBEX crypto fraud

Daura v U.B.N PLC: Landmark Supreme Court Decision on ‘Estate and Debt’ Responsibilities after Death

Daura v U.B.N PLC: Landmark Supreme Court Decision on ‘Estate and Debt’ Responsibilities after Death

PROHIBITION OF RIBĀ (INTEREST-BASED TRANSACTIONS) IN ISLAMIC FINANCE: CONCEPT AND SIGNIFICANCE

PROHIBITION OF RIBĀ (INTEREST-BASED TRANSACTIONS) IN ISLAMIC FINANCE: CONCEPT AND SIGNIFICANCE

Hajj 2025: Saudi Arabia deports Sheikh Gumi back to Nigeria

Hajj 2025: Saudi Arabia deports Sheikh Gumi back to Nigeria

JUST IN: Wike seals PDP National Secretariat in Abuja

JUST IN: Wike seals PDP National Secretariat in Abuja

JAMB Announces Date to release UTME Result for resit Candidates

99% Scores Below 200 in Resit UTME – JAMB

  • About Us
  • Advertise with Us
  • Editorial Policy
Friday, June 6, 2025
  • Login
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus
No Result
View All Result
iDeemlawful
No Result
View All Result
No Result
View All Result
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Commentary
  • Editorial
  • Campus
Home Business News

NNPC, Dangote reach New Agreement with 10-year gas deal

by iDeemlawful
November 14, 2024
A A
NNPC, Dangote reach New Agreement with 10-year  gas deal
FacebookTwitterWhatsapp

The NNPC Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company (NNPC) Limited, has executed a Gas Sale and Purchase Agreement (GSPA) with Dangote Petroleum Refinery and Petrochemicals FZE, marking a substantial step towards bolstering Nigeria’s industrial capabilities.

According to a statement on Wednesday by the Chief Corporate Communications Officer of NNPC, Olufemi Soneye, the deal was agreed upon at Dangote Group’s corporate headquarters in Falomo, Lagos.

Signed by the Managing Director, NGML, Justin Ezeala and the President/CEO of the Dangote Group, Aliko Dangote, it outlines the supply of natural gas for power generation and feedstock at the Dangote Refinery, in Ibeju-Lekki, Lagos State.

RelatedPosts

FULL LIST: Dangote Refinery slashes Petrol Prices across Nigeria

$3bn Refinery Fraud: N80bn found in sacked MD’s Bank Accounts

Why Tinubu sacked Mele Kyari, NNPCL Board – Officials

NNPCL increases Petrol Price

The statement said the agreement outlines the supply of 100 million standard cubic feet per day (MMSCF/D) of natural gas to support power generation and serve as feedstock for the refinery located in Ibeju-Lekki, Lagos State.

Under the terms of the agreement, NGML will provide a firm daily supply of 50MMSCF/D, with an additional 50MMSCF/D as interruptible gas, over an initial 10-year period, with options for renewal.

This deal underscores a commitment to enhancing Nigeria’s domestic gas utilisation, aligning with the policies set forth by President Bola Ahmed Tinubu to leverage the nation’s extensive gas reserves to fuel industrial growth and economic development.

“This major milestone is in line with President Bola Ahmed Tinubu’s policy of utilizing Nigeria’s abundant gas resources towards revamping the nation’s industrial growth and kickstarting its economic prosperity.

“This development, which sees a huge investment of this nature penned with zero capital expenditure (CAPEX) outlay, has been described by many as unprecedented in the history of NGML or any gas Local Distribution Company (LDC) in the country.

“Under the terms of the agreement, NGML will supply 100 million standard cubic feet per day (MMSCF/D), 50MMSCF/D being firm supply and the rest 50MMSCF/D interruptible natural gas supply to the refinery for an initial period of 10 years, with options for renewal and growth.

“This collaboration is a significant step toward ensuring the operational success of the Dangote Refinery and enhancing Nigeria’s domestic gas utilization. NNPC Ltd, through NGML, its gas marketing subsidiary, continues to lead efforts in promoting the use of domestic gas to support industries and businesses nationwide,” the statement said

Tags: Dangote refineriesNNPCPetrol
Previous Post

Nigeria Needs $10billion Investment For 24-hour Electricity – Power Minister

Next Post

Reforming FIFA’s Transfer Rules: The Lassana Diarra Trial, Legal Implications, and Future Prospects

iDeemlawful

iDeemlawful

Related Posts

FULL LIST: Dangote Refinery slashes Petrol Prices across Nigeria
Business News

FULL LIST: Dangote Refinery slashes Petrol Prices across Nigeria

Nigeria Pays Back all N2.59trn IMF Debt
Business News

Nigeria Pays Back all N2.59trn IMF Debt

FCCPC Replies  Meta’s threat to Quit Nigeria over ₦220 Million Fine
Business News

FCCPC Replies Meta’s threat to Quit Nigeria over ₦220 Million Fine

NNPC reduces NMDPRA fee Per-Litre petrol in New Pricing Template
Business News

$3bn Refinery Fraud: N80bn found in sacked MD’s Bank Accounts

15 Die in Kwara road Accident
Business News

Easter: Jubilations As Kwara Workers Receive April Salaries

Can Nigerians still Placed Fund Withdrawal? – What you need to know as CBEX crashes
Business News

Can Nigerians still Placed Fund Withdrawal? – What you need to know as CBEX crashes

Angry Youths loot CBEX Office in Ibadan [Video]
Business News

Angry Youths loot CBEX Office in Ibadan [Video]

Masquerades lead Protest in Kwara over ‘Outrageous’ Electricity Charges
Business News

Masquerades lead Protest in Kwara over ‘Outrageous’ Electricity Charges

Subscribers get  New Ultimatum to Reclaim Airtime on Deactivated Lines
Business News

Subscribers get New Ultimatum to Reclaim Airtime on Deactivated Lines

MTN explains Why Data Plans Quickly Finish says ‘No Reason To Steal’
Business News

MTN explains Why Data Plans Quickly Finish says ‘No Reason To Steal’

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

iDeemlawful

Copyright © 2019–2025 Deemlawful Media

  • About Us
  • Advertise with Us
  • Editorial Policy

Connect With Us

No Result
View All Result
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus

Copyright © 2019–2025 Deemlawful Media

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In