The NNPC Gas Marketing Ltd (NGML), a subsidiary of the NNPCL, and its Unincorporated Joint Venture partner, NIPCO Gas Ltd, have executed a Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Limited.
The agreement was to supply natural gas to the company’s proposed Liquefied Natural Gas (LNG) plant in Lekki Free Trade Zone, Lagos State.
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Under the terms of the agreement, executed on Thursday, the NGML-NIPCO UJV will supply 80million standard cubic feet (mmscf) per day of natural gas to the Ssonic Petroleum LNG plant for 20 years.
The agreement was contained in a press release by the NNPCL Chief Corporate Communications Officer, Olufemi Soneye, on Friday.
As contained in the release, the gas supply agreement is part of efforts by the NNPCL to boost domestic gas utilisation for the nation’s industrial and economic growth.
It was also to promote the use of gas as a cleaner, cheaper and more environmentally friendly fuel in keeping with the goal of reducing global warming, it was added.
