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, as part of efforts to guarantee energy security in Nigeria.
This was disclosed in a statement by the company’s spokesperson, Olufemi Soneye, on Friday.
The statement noted that 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 state-owned oil firm said, “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.”
