Nigerian National Petroleum Company Limited (NNPCL) has reached an agreement with Dangote Petroleum Refinery and Petrochemicals FZE for a 10-year gas supply contract.
Chief Corporate Communications Officer Olufemi Soneye, making this announcement, stated that the memorandum has been signed by Barr. Justin Ezeala, Managing Director of NNPC Gas Marketing Limited (NGML), and Aliko Dangote, President and CEO of the Dangote Group, at the Dangote corporate headquarters in Lagos.
Under this agreement, NGML will supply a total of 100 million standard cubic feet of natural gas per day (MMSCF/D) to the Dangote Refinery in Ibeju-Lekki.
This includes a firm supply of 50 MMSCF/D and an additional 50 MMSCF/D on an interruptible basis.
The partnership is designed to boost industrialisation and economic prosperity in the country, and it supports President Bola Ahmed Tinubu’s agenda for optimisation of the gas endowment of Nigeria.
According to Soneye, this investment is unprecedented in Hun because capital has not been linked with gas distribution into the local sector.
This agreement secures a reliable gas supply required for the continuous operation of the refinery in addition to reinforcing the commitment of NGML to the energy security of Nigeria and the industrialization of Nigeria.
