• Hausa Edition
  • Podcast
  • Conferences
  • LeVogue Magazine
  • Business News
  • Print Advert Rates
  • Online Advert Rates
  • Contact Us
Tuesday, June 17, 2025
Leadership Newspapers
Read in Hausa
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us
No Result
View All Result
Leadership Newspapers
No Result
View All Result

COP28: NNPC Seals 2 Deals For Domestic, International Markets

by Nse Anthony - Uko
2 years ago
in Cover Stories, Featured, News
NNPC
Share on WhatsAppShare on FacebookShare on XTelegram

In its efforts to further boost natural gas utilisation in the country and enhance Nigeria’s gas revenue, the Nigerian National Petroleum Company (NNPC) Limited has signed two major agreements to deliver liquefied natural gas (LNG) to the domestic gas market and the international LNG market.

Advertisement

During the two separate signing ceremonies held on the sidelines of the ongoing United Nation’s Climate Change Conference (also known as COP28), NNPC Ltd signed 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, the company said in a statement, yesterday.

Also, NNPC Prime LNG Ltd, an arm of NNPC Trading Ltd, signed a Supply, Installation and Commissioning Agreement with SDP Services, an independent oil and gas company, for a 421-tonne 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 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.

Similarly, the Small-Scale LNG (SSLNG) Project agreement was signed by the managing director, NNPC Trading Ltd., 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.

RELATED

Sultan Flags Off Polio Immunisation In Sokoto

Sultan Pained, Disturbed Over Benue Killings

6 hours ago
Nigeria @64: Nation Building Requires Collective Efforts, Says Kwara Gov

Govs Condemn Benue Attacks, Pledge Support To Restore Peace

8 hours ago

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. 

The LNG Project is expected to be operational by December 2024.

Speaking shortly after the signing ceremony, the executive vice president, Gas, Power & New Energy, Olalekan Ogunleye, said NNPC Ltd was committed to delivering gas to industries nationwide and accelerating the company’s gas commercialisation efforts through the floating LNG Project.

“We see both projects as having enormous impact all over the country because they are central to the commercialisation of Nigeria’s abundant gas resources and ensuring that our country earns the much-needed foreign revenue from its abundant gas assets. It is also consistent with NNPC management’s drive to deliver on Mr President’s gas and power aspirations across the country,” Ogunleye stated.

Also, in his address after the signing, the MD NNPC Trading Ltd, Lawal Sade, said the SSLNG Project would boost the domestication of LNG utilisation by supporting the growth of auto-gas initiatives across the country.

“We are looking at a time-frame of 12 months, from execution to the commissioning of the project. The project will deliver about 420 tonnes of LNG per day into the domestic market, which will enhance efficient delivery of gas to the auto-gas/CNG and industrial customers in line with presidential mandate,” Sade added.

While expressing their delight at signing the agreements, the partners pledged to work with NNPC Ltd to deliver the projects within schedule and in the most cost-effective manner. 

 


We’ve got the edge. Get real-time reports, breaking scoops, and exclusive angles delivered straight to your phone. Don’t settle for stale news. Join LEADERSHIP NEWS on WhatsApp for 24/7 updates →

Join Our WhatsApp Channel

START EARNING US DOLLARS as a Nigerian ($35,000) monthly. Companies are sacking their workers due to AI (artificial intelligence), business owners are in panic mode. Only the smart will make it. Click here


Tags: NNPC
SendShareTweetShare
Previous Post

Tizeti Deepens Leadership Team Amid West African Expansion

Next Post

Supreme Court Justices… Tsammani, Sankey, Adah, 8 Others Pass Screening

Nse Anthony - Uko

Nse Anthony - Uko

You May Like

Sultan Flags Off Polio Immunisation In Sokoto
News

Sultan Pained, Disturbed Over Benue Killings

2025/06/16
Nigeria @64: Nation Building Requires Collective Efforts, Says Kwara Gov
News

Govs Condemn Benue Attacks, Pledge Support To Restore Peace

2025/06/16
RACE Centre Condemns Benue Massacre, Calls On Tinubu To Take Urgent Action
News

RACE Centre Condemns Benue Massacre, Calls On Tinubu To Take Urgent Action

2025/06/16
Nigeria @64: Nation Building Requires Collective Efforts, Says Kwara Gov
News

Kwara Gov Seeks Collaboration To Fund Health Sector

2025/06/16
2Baba’s Performances Once Made Ladies Faint – D1
News

‘I Am Terribly Sad, Angry’, Singer 2Baba Decries Benue Killings, Says It’s National Emergency

2025/06/16
CSO Urges Completion Of Climate Mitigation Projects In FCT
News

Court Awards ₦200m To FCT Natives, Declares Demolition Of Properties Illegal

2025/06/16
Leadership Conference advertisement

LATEST

Sultan Pained, Disturbed Over Benue Killings

Govs Condemn Benue Attacks, Pledge Support To Restore Peace

RACE Centre Condemns Benue Massacre, Calls On Tinubu To Take Urgent Action

Kwara Gov Seeks Collaboration To Fund Health Sector

FCT FA League: CASMATT, Golden Boys, Defence Strikers Shine In Opening Matches

Troops Arrest Bandit, Recover Arms In Kaduna, Plateau

‘I Am Terribly Sad, Angry’, Singer 2Baba Decries Benue Killings, Says It’s National Emergency

Court Awards ₦200m To FCT Natives, Declares Demolition Of Properties Illegal

Gov Okpebholo Approves Return Of Schools To Missionaries In Edo

Suspected Bandits Abduct Farmer In Kogi

© 2025 Leadership Media Group - All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Health
  • Entertainment
  • Opinion
    • Editorial
  • Columns
  • Football
  • Others
    • LeVogue Magazine
    • Conferences
    • National Economy
  • Contact Us

© 2025 Leadership Media Group - All Rights Reserved.