How NNPCL seals gas deals for domestic, international markets

The Nigerian National Petroleum Company Limited, on Wednesday, announced that it had signed two major agreements to deliver Liquefied Natural Gas to the domestic gas market and the international LNG market. It said the agreements were signed during two separate signing ceremonies held on the sidelines of the ongoing United Nations Climate Change Conference.

The company said in a statement issued in Abuja that it signed an MoU with Wison Heavy Industry Co. Ltd, a Chinese company, for the development of floating LNG projects in Nigeria, targeting the international LNG market. “Also, NNPC Prime LNG Ltd, an arm of NNPC Trading Ltd, signed a Supply, Installation and Commissioning Agreement with SDP Services, an independent oil and gas company, for a 421 tonnes per day LNG project targeting the domestic LNG market.

“The Floating LNG MoU was signed by the Executive Vice President, Gas, Power & New Energy, Mr Olalekan Ogunleye, on behalf of NNPC Ltd and Mr. Kai Xu, Managing Director of Wison Ltd, on behalf of his company. “Both parties agreed to work together to chart a roadmap for the project development that will lead to an investment decision,” the national oil firm stated in its statement.