The Nigerian National Petroleum Company Limited (NNPCL has held talks with a South Korean consortium on the development of gas projects in Nigeria.
The discussions, held in Seoul, South Korea, were aimed at deepening NNPCL’s drive to tap into the nation’s vast gas resources to be a supplier of clean and affordable energy to the global market.
According to a statement by the chief corporate communications officer, Mr Olufemi Soneye, the
talks will pave way for execution of a Memorandum of Understanding (MoU) that will unlock strategic foreign direct investment in line with President Bola Tinubu administration’s policy of making Nigeria a prime destination for global investors.
The statement further says the Group Chief Executive Officer of NNPCL, Mele Kyari has also congratulated Temile Development Company, an indigenous player in the gas sector, on the commissioning of its 23,000 cubic meters ultra-modern Liquefied Petroleum Gas (LPG) Carrier in Ulsan, South Korea.
According to the GCEO, the vessel named, Alfred Temile 10, represents a significant stride towards deepening the utilization of gas in-country and growing gas revenues.
He disclosed that NNPCL, alongside its partner West Africa Gas Ltd (WAGL), was building its own vessels which will boost LPG supply in Nigeria with a view to saturating the market.
PR /Bughni Alfred
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