By Ayomide Otitoju
The Nigerian National Petroleum Company (NNPC) Limited has signed six strategic agreements with key industry partners at the ongoing 25th NOG Energy Week in Abuja, reinforcing efforts to drive gas-based industrialisation, strengthen energy security and accelerate economic growth.
The agreements, executed on the sidelines of the conference, include a Memorandum of Understanding (MoU) and a Gas Sale and Aggregation Agreement (GSAA) with Ajaokuta Steel Company Limited (ASCL), a Gas Sale Agreement (GSA) with UTM FLNG, and Network Entry Agreements with Chevron Nigeria Limited, AGPC and NNPC Exploration and Production Limited (NEPL).
Speaking at the signing ceremony, NNPC Group Chief Executive Officer, Engr. Bashir Bayo Ojulari, said the agreements underscore the company’s commitment to advancing the Federal Government’s gas-based industrialisation agenda.
According to him, the agreements represent a major step toward expanding domestic gas utilisation, strengthening energy security and supporting sustainable economic development.
Ojulari described natural gas as a key driver of industrial transformation, noting that the agreements establish a transparent and standardised framework for increasing gas supply to the domestic market.
He said the partnerships would enhance local content development, improve energy security and position Nigeria as a globally competitive industrial economy.
A major highlight of the ceremony was the signing of an MoU between NNPC Ltd and Ajaokuta Steel Company Limited to deepen collaboration beyond gas supply and support the production of steel pipes for critical oil and gas infrastructure projects, including the African Atlantic Gas Pipeline (AAGP) and the Escravos-Lagos Pipeline System (ELPS) Phase 3.
The partnership is anchored on the revitalisation of the Ajaokuta Steel Complex and the expansion of domestic gas utilisation through the Nigerian Gas Transportation Network Code.
The parties also executed a 20-year Gas Sale and Aggregation Agreement involving NNPC Exploration and Production Limited (NEPL), the Gas Aggregation Company of Nigeria (GACN) and ASCL for the supply of gas to power the steel complex.
NNPC Ltd and its Seplat Energy Producing Nigeria Unlimited (SEPNU) Joint Venture also signed a 15-year Wet Gas Sale and Purchase Agreement with UTM FLNG Limited to supply 200 million standard cubic feet of gas per day to the UTM Floating LNG project.
The agreement is expected to provide long-term feed gas supply for the project and support its planned Final Investment Decision in the fourth quarter of 2026.
In addition, NNPC announced the migration of legacy interconnection agreements to the Nigerian Gas Transportation Network Code through the signing of Network Entry Agreements with Chevron Nigeria Limited, AGPC and NEPL.
The agreements are expected to inject up to 800 million standard cubic feet of natural gas per day into the domestic gas transportation network, strengthening supplies to power plants, gas-based industries and industrial clusters.
The signing ceremony was witnessed by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo; Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri; Special Adviser to the President on Energy, Olu Verheijen; the Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC); and the Authority Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
The agreements were signed during the 25th NOG Energy Week, themed “Advancing Energy Ambitions for Competitive and Resilient Economies,” which focuses on strengthening partnerships to drive Nigeria’s energy and industrial development.Copyright TRUSTAFRICA NEWS.
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