MON JULY 13 2026-theGBJournal| Renaissance Africa Energy Company has secured a long-term commercial outlet for gas from its ANOH Gas Processing Facility after signing a 16-year Gas Sale Agreement with Indorama Eleme Fertilizer & Chemicals FZE, in a deal that underscores Nigeria’s push to monetise its vast natural gas reserves through domestic industrial use rather than exports.
The agreement, one of the more significant domestic gas supply contracts in recent years, will see Renaissance supply up to 60 million standard cubic feet of natural gas per day (MMscf/d) to Indorama, providing the fertiliser manufacturer with a reliable feedstock supply while creating a stable, long-term revenue stream for the indigenous energy company.
The transaction comes as Nigeria intensifies efforts to deepen domestic gas utilisation under its “Decade of Gas” initiative, with policymakers seeking to channel more gas into power generation and industrial manufacturing to diversify the economy away from crude oil dependence.
For Renaissance, which recently emerged as one of Nigeria’s largest indigenous upstream operators following its acquisition of Shell’s former onshore assets, the contract strengthens the commercial viability of the ANOH Gas Processing Facility by securing a long-term buyer for a substantial portion of its output.
The agreement also improves earnings visibility through predictable cash flows while reinforcing the company’s strategy of creating value from Nigeria’s abundant gas resources.
For Indorama, operator of one of Africa’s largest urea fertiliser plants, the agreement provides long-term certainty over a critical production input.
Natural gas serves as both the primary feedstock and energy source in fertiliser manufacturing, making reliable supply essential for maintaining production levels, improving operating efficiency and supporting future expansion.
Beyond the commercial benefits for both companies, the agreement is expected to strengthen Nigeria’s industrial value chain by supporting fertiliser production, boosting agricultural productivity and reinforcing food security.
Increased domestic fertiliser availability could help improve crop yields, reduce import dependence and contribute to broader economic diversification.
Renaissance said the agreement reinforces its commitment to unlocking the value of Nigeria’s abundant gas resources through strategic partnerships that drive industrialisation, support fertiliser production, strengthen food security and create lasting economic value.
“Our partnership with Indorama demonstrates how domestic gas can catalyse industrial development and create shared economic value,” Managing Director and Chief Executive Officer Tony Attah said.
Attah added that supplying natural gas to a major fertiliser producer supports a value chain that is critical to agricultural productivity, industrial growth and national development.
“Together, we are delivering the energy that powers industries, enables economic diversification, and supports a more prosperous future for Nigeria and Africa,” he said.
X-@theGBJournal|Facebook-the Government and Business Journal|email:gbj@govbusinessjournal.com|govandbusinessj@gmail.com
