The Nigerian National Petroleum Company Limited (NNPC Ltd) has signed six strategic agreements with key partners including Gas Supply Agreement (GSA) and other gas transportation deals, marking a significant milestone in Nigeria’s journey towards industrial revitalisation and enhanced energy security.
The agreements, executed on the sidelines of the ongoing 25th NOG Energy Week, in Abuja include: an MoU with Ajaokuta Steel Company Limited (ASCL) ; a Network Entry Agreement with Chevron Nigeria Ltd; , and a Network Entry Agreement with NNPC Exploration & Production Ltd (NEPL) among others
According to the Group Chief Executive Officer, NNPC Ltd, Bayo Bashir Ojulari, the agreements underscore NNPC Ltd.’s commitment to advancing the Federal Government’s gas-based industrialisation agenda, driving sustainable economic growth and enhancing Nigeria’s energy security.
“What we are witnessing today is not just about signing agreements. It is about igniting the engine of Nigeria’s industrialisation. Gas is the key. It is source of revenue and profit. It is also the only product that can have that level of industrial impact on Nigeria, more than any other hydrocarbon.”, Ojulari stated.
He noted that the agreements signal a new era of strategic partnerships that will drive local content, enhance energy security and accelerate Nigeria’s journey towards becoming a global industrial powerhouse.
“We are on a journey, even as we look forward to greater collaboration with industry partners.”
The signing of the various landmark agreements was witnessed by the Minister of Petroleum (Gas), Rt. Hon. Ekperikpe Ekpo; Minister of Petroleum ( Oil), Senator Heineken Lokpobiri; Special Adviser to the President on Energy, Olu Verheijen; Commission Chief Executive of NUPRC, Oritsemeyiwa Eyesan and Authority Chief Executive of NMDPRA, Rabiu Umar.
(Editor: Anoyoyo Ogiagboviogie)
