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NNPC has signed a Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd.
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The agreement involves the supply of 80 million standard cubic feet (mmscf) per day of natural gas to Ssonic Petroleum’s Liquefied Natural Gas (LNG) plant in Lagos State.
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The deal aims to boost domestic gas utilization for Nigeria’s industrial and economic growth.
The Nigerian National Petroleum Company Limited, through its gas marketing subsidiary and partners, has signed a Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd. to supply natural gas to the company’s proposed Liquefied Natural Gas (LNG) plant in the Lekki Free Trade Zone, Lagos State.
According to a statement by the company’s spokesperson, Olufemi Soneye, the agreement was signed as part of efforts to guarantee energy security in Nigeria.
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Under the terms of the agreement, the NGML-NIPCO UJV will supply 80 million standard cubic feet (mmscf) per day of natural gas to the Ssonic Petroleum LNG plant for a period of 20 years.
“The supply agreement is part of efforts by NNPC Ltd to boost domestic gas utilization for the nation’s industrial and economic growth and promote the use of gas as a cleaner, cheaper, and more environmentally friendly fuel in keeping with the goal of reducing global warming,” the state-owned oil firm said.
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