NNPCL signs agreement with Ssonic Petroleum to supply 80mmscf/d

The Nigerian National Petroleum Company (NNPC) Gas Marketing Ltd, a subsidiary of the NNPCL, and its Unincorporated Joint Venture partner, NIPCO Gas Ltd, have executed a Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd to supply 80million standard cubic feet per day (mmscf/d) natural gas to the company’s proposed Liquefied Natural Gas (LNG) plant in Lekki Free Trade Zone, Lagos State.

Chief Corporate Communications Officer, NNPCL, Olufemi Soneye in a statement disclosed that under the terms of the agreement which was executed on Thursday, the NGML-NIPCO UJV will supply 80 mmscf per day of natural gas to the Ssonic Petroleum LNG plant for a period of 20 years.

According to him, the gas supply agreement is part of efforts by the NNPC Ltd to boost domestic gas utilisation for industrial and economic growth of the nation and promote the use of gas as a cleaner, cheaper and more environmentally friendly fuel in keeping with the goal of reducing global warming.