The Nigerian National Petroleum Corporation, NNPC and Chevron Nigeria Limited, CNL have signed a Gas Sale and Aggregation Agreement, GSAA with Dangote Fertilizer Limited, DFL and Gas Aggregation Company of Nigeria Limited, GACN as the ‘Aggregator’.
The agreement was executed on behalf of the three companies by Chairman/Managing Director of CNL, Jeffrey Ewing, Managing Director/CEO of GACN, Morgan Okwoche, and Group Executive Director, Strategy, Capital Projects & Portfolio Development of DFL, Devakumar Edwin, respectively. (NNPC executed the GSAA subsequently.)
NNPC and CNL are obligated to supply 70mmScf/d of natural gas to Dangote Fertilizer Limited to enable start up and operation of the newly built fertilizer plant.
The Dangote Fertilizer Plant at Ibeju Lekki, Lagos, is a flagship mega fertilizer project designed to support the Federal Government’s drive to develop the agricultural sector and in-turn improve the Nigerian economy. Natural gas is the feedstock of the Dangote Fertilizer Plant. This GSAA for the supply of the major raw material needed to run the fertilizer plant is another demonstration of the NNPC/CNL JV’s commitment to the domestic gas market.
The NNPC/CNL Joint Venture (JV) is currently the largest and most on-spec supplier of gas to the domestic market. The JV continues to collaborate extensively with other stakeholders in finding creative solutions to issues relating to the domestic gas market.
The NNPC/CNL JV is committed to supporting the Federal Government of Nigeria’s policy to boost local industries.
Copyright: Fresh Angle International (www.freshangleng.com)
ISSN 2354 - 4104
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