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

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

Які сюрпризи може принести стильний аксесуар, якщо поряд з вами парик 24

MARITAL DESERTION: ABANDONING A MARRIAGE PARTNER OR RUNNING AWAY FROM MARRIAGE

MARITAL DESERTION: ABANDONING A MARRIAGE PARTNER OR RUNNING AWAY FROM MARRIAGE

Regulatory Compliance of Cryptocurrency: A Comparative Analysis of Nigeria Law vis- a-vis Global Law

Regulatory Compliance of Cryptocurrency: A Comparative Analysis of Nigeria Law vis- a-vis Global Law

NNPC Boss Ojulari Allegedly Forced to Resign

Presidency opens up on Alleged ‘Forceful Resignation’ of Ojulari as NNPC Chairman

Boxing legend Muhammad Ali’s brother dies

Boxing legend Muhammad Ali’s brother dies

NNPC Boss Ojulari Allegedly Forced to Resign

NNPC Boss Ojulari Allegedly Forced to Resign

FG Plans Mandatory Drug Tests for Undergraduate Students, Reveals Commencement Date

FG Plans Mandatory Drug Tests for Undergraduate Students, Reveals Commencement Date

Angry Youths loot CBEX Office in Ibadan [Video]

EFCC Gives Update on CBEX Funds Recovery

Dino Melaye dumps PDP, says ‘Party is impotent’

Dino Melaye dumps PDP, says ‘Party is impotent’

When Wolves Wear Sheep’s Clothing by Fatimah Hamid

Killer Of Kwara Final-Year Student Sentenced To Death

Girlfriend stabs Boyfriend to Death in Ondo for Cheating

Girlfriend stabs Boyfriend to Death in Ondo for Cheating

CAC sets Deadline to delist 100,000 Dormant Companies

CAC sets Deadline to delist 100,000 Dormant Companies

  • About Us
  • Advertise with Us
  • Editorial Policy
Friday, August 8, 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

Presidency opens up on Alleged ‘Forceful Resignation’ of Ojulari as NNPC Chairman

NNPC Boss Ojulari Allegedly Forced to Resign

After $3b repairs, NNPC Considers Selling Nigeria’s 445,000 bpd Refineries

Why NNPC Refineries May Never Work Again – Dangote

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

CAC sets Deadline to delist 100,000 Dormant Companies
Business News

CAC sets Deadline to delist 100,000 Dormant Companies

Business News

After $3b repairs, NNPC Considers Selling Nigeria’s 445,000 bpd Refineries

31 African Countries Affected by 3-Month Validity of US Visa: FULL LIST
Business News

31 African Countries Affected by 3-Month Validity of US Visa: FULL LIST

Why NNPC Refineries May Never Work Again – Dangote
Business News

Why NNPC Refineries May Never Work Again – Dangote

Reactions as CAC’s AI system approves ‘BokoHaram Hub’, ‘Nigeria Must Scatter’, others for Business Names
Business News

Reactions as CAC’s AI system approves ‘BokoHaram Hub’, ‘Nigeria Must Scatter’, others for Business Names

Nigerian Banks resume International Transactions on Naira Cards
Business News

Nigerian Banks resume International Transactions on Naira Cards

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

Court rejects CBEX promoters’ bail Application

What Benefits Tinubu’s New Tax Laws Mean for Nigerians and Businesses?
Business News

What Benefits Tinubu’s New Tax Laws Mean for Nigerians and Businesses?

CAC Increases Service Fees from  August 1
Business News

CAC Increases Service Fees from August 1

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

CBEX Resumes Operations, asks Nigerian Investors To Deposit $200

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