NNPC Gas Marketing Limited Signs Significant Gas Supply Agreement
NNPC Gas Marketing Limited (NGML) has taken a significant step in strengthening its position in Nigeria's gas marketing and distribution value chain by signing a Natural Gas Sale and Purchase Agreement (GSPA) with CCETC Suk Power Limited. The agreement enables the delivery of up to 44 MMscf/d of natural gas, marking a notable expansion of NGML's portfolio.
The GSPA is designed to enhance power generation and support LNG production capacity, aligning with the Federal Government's drive towards a gas-based economy. The agreement is expected to contribute to the growth of Nigeria's economy by promoting domestic energy utilization and fostering national development.
The signing ceremony took place during the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Business Development Forum in Abuja. The AKK Gas Pipeline Project is a critical initiative that aims to energize industries, power homes, and catalyze economic development across Nigeria. NGML's role in this project is vital to its success, and the company is committed to delivering on its objectives.
The agreement with CCETC Suk Power Limited is expected to have several key benefits, including:
Increased Power Generation*: The delivery of up to 44 MMscf/d of natural gas will support increased power generation, helping to meet the country's growing energy needs.
Enhanced LNG Production*: The agreement will also support LNG production capacity, contributing to the growth of Nigeria's LNG industry.
Economic Growth*: The development aligns with the Federal Government's drive towards a gas-based economy, promoting domestic energy utilization and national growth.
The signing of the GSPA with CCETC Suk Power Limited is a significant milestone for NGML, demonstrating its commitment to expanding access to gas for power and industrial use. The agreement is expected to contribute to the growth of Nigeria's economy, promoting domestic energy utilization and fostering national development. With its expanded portfolio and commitment to delivering on its objectives, NGML is well-positioned to play a critical role in Nigeria's energy sector.
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