NNPC, Indorama Sign 5.48trn MoU For Natural Gas

NNPC, Indorama Sign 5.48trn MoU For Natural Gas

The Nigerian National Petroleum Company Limited (NNPCL) has signed a N5.48 trillion ($7 billion) gas supply deal with Indorama Eleme Petrochemicals Limited.

According to the NNPCL, the agreement is aimed at promoting the use of natural gas by large-scale gas utilization industries.

The Group Chief Executive of NNPCL, Mele Kyari, signed the agreement, highlighting that Section 64(i) of the Petroleum Industry Act (PIA) empowered NNPCL to develop and operate such industries.

Kyari stressed that natural gas and its associated liquids will drive economic growth, increase crude oil exports, and foster job creation.

ATTENTION: Click HERE to join our WhatsApp group and receive News updates directly on your WhatsApp!

A statement it issued Saturday, September 16, 2023, in Abuja read;

NNPC Limited signs a landmark Memorandum of Understanding with Indorama Eleme Petrochemicals Limited on gas supply in a bid to promote the use of natural gas by large-scale gas utilization industries.”

Indorama is a Singapore-based corporate group that manufactures a variety of products including polyethylene, polypropylene, polyester fiber, Spandex filament, spun yarns, fabrics, nitrogen fertilizers, phosphate fertilizers, cotton fiber, and medical gloves.

It is one of the world’s leading producers in the intermediate petrochemicals industry and a global manufacturer of wool yarns.

The company was founded by Indian businessman Aloke Lohia in 1994.


Residents Groan as Flood Submerges Delta Community (PHOTOS)

Tinubu Appoints Yemi Cardoso CBN Governor

Chicago State University Releases Tinubu’s Academic Record

Reactions as Instagram Star, Mhiz Gold’s S3xtape Trends

FG Grants 42 Gas Flare Commercialisation Licences

Fidelity Bank Acquires Union Bank

Delta Receives Highest Portion as 36 States Share N1.51trn FAAC in 6 Months

Tribunal Declares Labour Minister, Simon Lalong Plateau South Winner

Gunmen Hijack 2 Benue Link Buses, Kidnap Passengers

Tribunal Sacks APC’s Francis Waive, Declares PDP’s Ahwinawhi Winner 

UAE Lifts Visa Ban on Nigeria, Emirates Airlines to Resume Operations

Nigerian Clergyman, Bishop Karowei Dorgu Dies in UK

FG Secures $163m AfFB Loan

Moyo Lawal, Tiwa Save, Oxlade and 8 Nigerian Celebrities With Leaked Sex Tapes

For publication of Press Releases, Statements, and Advert Inquiries, send an email to

Leave a Reply

Father Reveals Cause of Mohbad's Death

Father Reveals Cause of Mohbad’s Death

Plane Conveying Governor Adeleke, Aides Catches Fire

Plane Conveying Governor Adeleke, Aides Catches Fire