In a strategic transfer to strengthen its footprint in Nigeria’s fuel advertising and distribution worth chain, the NNPC Gas Marketing Limited (NGML) has signed a Natural Gas Sale and Purchase Agreement (GSPA) with CCETC Suk Power Limited, enabling the supply of as much as 44 MMscf/d of pure fuel.
The settlement, which is along with the prevailing Gas Supply Agreement executed with GasHub Nigeria Limited, is designed to reinforce energy technology and help LNG manufacturing capability.
The signing ceremony happened on the auspices of the Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Business Development Forum in Abuja on Thursday.
The improvement not solely reaffirms NGML’s resolve to develop entry to fuel for energy and industrial use, nevertheless it additionally aligns with the Federal Government’s drive in direction of a gas-based financial system, advancing home vitality utilisation and fostering nationwide progress via cleaner, extra dependable vitality options.
Themed “AKK Pipeline Progress Update & Opportunities Engagement,” the Forum is a important platform for deepening collaboration as NNPC Ltd. advances the AKK Gas Pipeline Project, an initiative that holds immense promise for energising industries, powering houses and catalysing {economic} improvement throughout Nigeria.
The NNPCL Group Chief Executive Officer, Bayo Ojulari had on the occasion described the fuel pipeline challenge as a strategic {economic} catalyst for Nigeria, that may reshape the panorama via energy technology and industrial progress.
“The pipeline will supply up to 2.2 billion standard cubic feet of gas a day. Foil in power plants in Abuja, Kaduna, Kano, and others. This will revive industries, especially in the Northern Nigeria, where I grew up.”
He disclosed that over 1,900 expert and semi-skilled Nigerians have already been employed straight on the challenge, including that “Thousands extra might be employed as soon as the pipeline turns into operational attributable to {economic} spin-offs that can happen all throughout the sectors.
Ojulari mentioned, “The AKK pipeline helps Nigeria’s decade of fuel initiatives aimed toward lowering reliance on oil and increasing gas-based industries. It enhances vitality equality by extending fuel infrastructure to the northern area, which have traditionally lagged behind in entry to vitality.
“Transportation and Agriculture, the pipeline with deepened compressed natural gas adoption for transport, lowering fuel costs and emissions. Transportation of food from the north to other regions of the country and sub-Saharan Africa.”
