NNPCL Secures Major LNG Deal For Domestic, International Market

By Bughni Alfred

The Nigerian National Petroleum Company Limited NNPCL says it has successfully signed two major agreements to deliver Liquefied Natural Gas to the domestic gas market and the international LNG market to further boost natural gas utilisation in the country.

In a statement by the chief corporate communications officer of the company, Olufemi Soneye says the agreement were signed during two separate signing ceremonies held on the sidelines of the on-
going United Nation’s Climate Change Conference COP28.

According to the statement, NNPC Ltd. signs an MoU with Wison Heavy Industry Co. Ltd, a Chinese
company, for the development of floating LNG project in Nigeria, targeting
the international LNG market.and also, NNPC Prime LNG Ltd., an arm of NNPC Trading Ltd., signs a Supply,
Installation and Commissioning Agreement with SDP Services, an independent oil and gas company, for a 421 tonnes per day LNG project targeting the domestic LNG market.

“The Floating LNG MoU was signed by the Executive Vice President, Gas,
Power & New Energy, Olalekan Ogunleye on behalf of NNPC Ltd and Mr. Kai
Xu, Managing Director of Wison Ltd, on behalf of his company. Both parties
agreed to work together to chart a roadmap for the project development
that will lead to an investment decision.”

The statement further notes that Similarly, the Small-Scale LNG (SSLNG) Project agreement was signed by the
Managing Director, NNPC Trading Ltd., Mr. Lawal Sade, on behalf of NNPC Prime LNG Ltd. while Mr. Abhinav Modi, Managing Director of SDP Services
Ltd., signed on behalf of his company.

“The SSLNG Project, which will be located at Ajaokuta in Kogi State, Central
Nigeria, will ensure the efficient supply of LNG to the Autogas/Compressed
Natural Gas (CNG) and industrial/commercial customers nationwide”.

Speaking shortly after the signing ceremony, the EVP Gas, Power & New
Energy, Mr. Olalekan Ogunleye said NNPC Ltd. is committed to delivering gas to industries nationwide and accelerating the Company’s gas
commercialisation efforts through the floating LNG Project.