Home Business NLNG signs landmark long-term gas supply agreement with six key suppliers to...

NLNG signs landmark long-term gas supply agreement with six key suppliers to its Bonny plant

664
0
Access Pensions, Future Shaping

SAT AUG 23 2025-theGBJournal| Nigeria LNG (NLNG) Friday signed a long-term landmark gas supply agreements with six third-party suppliers to deliver up to a total of 1,290 million standard cubic feet of gas per day (mmscf/d) or 13.3 bcm/yr to its Bonny plant.

The six suppliers are SNEPCO-SUNLINK H1 project, TEPNG-AMNI JV IMA project, NNPCL-First E&P JV project, SNG-NGML, Oando-NNPC E&P and TEP JV Ubeta.

NLNG said the volumes will be gradually scaled up over a period of time.

”These agreements are a turning point in NLNG’s journey, restoring reliability of supply and ensuring we remain firmly on the path of growth and expansion,” says Philip Mshelbila, NLNG managing Director/CEO.

According to NLNG management, the development marks a historic shift.

”The bold diversification is about securing continuity and supporting NLNG’s expansion, as well as advancing the Federal Government’s Decade of Gas agenda.”

Analysts describes the deal as a great addition to the country’s energy landscape.

NNPC GCEO, Bayo Ojulari speaking on the deal said the agreement is a dream come true for Nigeria and NLNG.

”It is a proud moment for the founding partners-the shareholders- for their open arms in really bringing in other parties.”

X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com

Access Pensions, Future Shaping
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments