• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, August 7, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

NNPCL seals LNG deals for domestic, international markets

NNPC

The Matters Press by The Matters Press
December 7, 2023
Reading Time: 2 mins read
0
We have nothing to hide – NNPC

Abuja, Dec. 7, 2023: The Nigerian National Petroleum Company Limited (NNPC Ltd.) has signed two major agreements to deliver Liquefied Natural Gas (LNG) to the domestic gas market and the international LNG market.

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

Held on the sidelines of the UN Climate Change Conference (COP28), NNPC Ltd. signed a Memorandum of Understanding (MoU) with Wison Heavy Industry Co. Ltd., a Chinese company, for the development of floating LNG project, targeting the international 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 and New Energy, Olalekan Ogunleye, on behalf of NNPC Ltd., and Mr Kai Xu, Managing Director, Wison Ltd, on behalf of his company.

A statement on Wednesday by the Chief Corporate Communications Officer, NNPC Ltd., Olufemi Soneye, said the development would further boost natural gas utilisation in the country and enhance Nigeria’s gas revenue.

Speaking shortly after the signing ceremony, Ogunleye said NNPC Ltd. was committed to delivering gas to industries nationwide and accelerating the Company’s gas commercialisation efforts through the floating LNG Project.

“We see both projects as having enormous impact all over Nigeria because they are central to the commercialisation of Nigeria’s abundant gas resources and ensuring that our country earns much-needed foreign revenue from its abundant gas assets.

“It is also consistent with NNPC Management’s drive to deliver on Mr President’s gas and power aspirations across the country,” Ogunleye said.
Similarly, the Small-Scale LNG (SSLNG) Project agreement was signed by the Managing Director, NNPC Trading Ltd., Mr Lawal Sade, on behalf of NNPC Prime LNG Ltd., while Mr Abhinav Modi, Managing Director, SDP Services Ltd., signed on behalf of his company.
The SSLNG Project, which will be located at Ajaokuta in Kogi State, will ensure the efficient supply of LNG to the Autogas/Compressed Natural Gas (CNG) and industrial/commercial customers nationwide.

Also, in his address after the deal, Sade said the SSLNG Project would boost the domestication of LNG utilisation by supporting the growth of auto-gas initiatives across the country.

“We are looking at a timeframe of 12 months from execution to the commissioning of the project.

“The project will deliver about 420 tonnes of LNG per day into the domestic market, which will enhance efficient delivery of gas to the auto-gas/CNG and industrial customers in line with Presidential mandate,” Sade added.

While expressing their delight at signing the agreements, the partners pledged to work with NNPC Ltd. to deliver the projects within schedule and in the most cost-effective manner.

Both parties agreed to work together to chart a roadmap for the project development that will lead to an investment decision.

The LNG Project is expected to be operational by December 2024.

Tags: NNPC
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
TCN upgrades Egbin Transmission Substation

TCN completes 80% projects in Lagos on platform of CBN’s Intervention

What Central Bank did to First Bank, experts excited as new directors emerge

Run from ``loan sharks’’, First bank warns SMEs

Recommended Stories

Nigeria has not taken decision yet on fuel subsidy

Atiku still confused, repetitive over‎ Fuel Subsidy Withdrawal

July 19, 2025
PENCOM launches radio programme

PFAs invest in stocks as new strategy

February 10, 2022
Islamic bank moves to establish 200 milk collection centres in Kano

Uganda looks to North Africa for a market for its milk

March 18, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

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
Call Us