• About
  • Advertise
  • Contact
Saturday, May 31, 2025
  • Login
Vital News
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security
No Result
View All Result
Vital News
No Result
View All Result
Home Oil & Gas

NNPC, Dangote, Shell others sign gas supply deal

Vital News by Vital News
March 3, 2022
in Oil & Gas
0
Share on FacebookShare on Twitter

By Emmanuella Anokam

The Nigerian National Petroleum Company (NNPC) Limited on Wednesday sealed a deal with partners on gas aggregation to increase local production of fertiliser in the country.

The Gas Aggregation Agreement was signed in Abuja on the sideline of the ongoing fifth Nigeria International Energy Summit (NIES 2022) with the theme “Revitalising the Industry: Future Fuels and Energy Transition.”

The News Agency of Nigeria (NAN) reports that the partners for the phase two fertiliser plant include Dangote Fertiliser Ltd., Shell Petroleum Development Company (SPDC), ENI, Gas Aggregation Company of Nigeria (GACN), Nigeria Agip Oil Company and TotalEnergies.

Malam Mele Kyari, the Group Managing Director, NNPC, during the signing said the deal was part of its drive to ensure greater utilisation of gas in the country, by way of conversion or monetisation in the form of Liquefied Natural Gas.

RelatedStories

NDPHC Says Attempts To Achieve Energy Inclusion Facing Frustration, Laments Dwindling Offtake By DISCOs

NNPCL Announces Shut Down Of Port Harcourt Refinery For Maintenance, Assessment

President Tinubu Inaugurates New Board Of NNPCL

Dangote Refinery Reduces Petrol Price Again By N15, Now N875/litre

Kyari said NNPC had progressed its engagement with Dangote Group for the SPDC joint venture, which comprised of NNPC, Shell, ENI and TotalEnergies to deliver 70 million cubic of gas to phase two Dangote plant.

This, he said, would no doubt increase gas in the domestic market.

“But more importantly, it is a platform that will increase local production of fertiliser in our country.

“As you may be aware, it is government’s drive to ensure that we become self sufficient in the production of fertiliser in the country, and specifically for this year’s zero import of fertilisation in the country.

“Currently, Dangote group provides about 65 per cent of all domestic production of fertiliser. And we are happy to sign the Gas Supply Agreement with them,” Kyari said.

In his remark, Mr Osagie Okunbor, Chairman, Shell Company, thanked the joint team that have worked extremely hard to sign the gas sale aggregation agreement.

“It is huge important to this country because already Dangote produces the bulk of fertiliser and we know how important the subject of agriculture is and for not just energy security, but also food security.

“This is why all of us on the SPDC JV led by the NNPC but also with my colleagues in TotalEnergies really pleased to be able to execute this agreement,” he said.

Also speaking, Alhaji Aliko Dangote, Chairman, Dangote Group Ltd., thanked the NNPC GMD for his effort in actualising the signing of the agreement.

Dangote said the additional gas would bring in more foreign exchange into the country in view of the energy crisis.

He said apart from Egypt, no other African country had the capacity, adding that it would meet with domestic market and export at least 1.8 billion dollars in terms of foreign exchange coming into the country. (NAN/vitalnews)

Tags: dealgasNNPCLsign
Previous Post

PenCom approves merger, acquisition of PFAs

Next Post

NEPC moves to stem Nigeria’s dwindling fortunes in cashew farming, processing

Vital News

Vital News

RelatedStories

NDPHC Says Attempts To Achieve Energy Inclusion Facing Frustration, Laments Dwindling Offtake By DISCOs
Oil & Gas

NDPHC Says Attempts To Achieve Energy Inclusion Facing Frustration, Laments Dwindling Offtake By DISCOs

May 25, 2025
NNPCL Unveils New Senior Management Team
Oil & Gas

NNPCL Announces Shut Down Of Port Harcourt Refinery For Maintenance, Assessment

May 24, 2025
President Tinubu Inaugurates New Board Of NNPCL
Oil & Gas

President Tinubu Inaugurates New Board Of NNPCL

May 22, 2025
Again, Dangote Industries Limited, Emerges Most Valuable Brand in Nigeria
Oil & Gas

Dangote Refinery Reduces Petrol Price Again By N15, Now N875/litre

May 22, 2025
We Have Not Fixed Petrol Price — Dangote
Business

Dangote Refinery, Vinmar In Partnership For Global Distribution Of Polypropylene

May 21, 2025
Next Post

NEPC moves to stem Nigeria's dwindling fortunes in cashew farming, processing

Pension fund assets hits N13 . 61 trillion

FG postpones evacuation of Nigerians from Ukraine, Poland

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

Recommended

Palliatives : Dangote Donates 80,000 Bags Of Rice To Lagos Residents

Palliatives : Dangote Donates 80,000 Bags Of Rice To Lagos Residents

1 year ago

Strike : FG Floors ASUU Again As Appeal Court Orders Lecturers To Resume Work Immediately

3 years ago
Emefiele Drags FG To Appeal Court Over Forfeiture Of 753 Units Of Houses In Abuja Estate

Emefiele Drags FG To Appeal Court Over Forfeiture Of 753 Units Of Houses In Abuja Estate

2 days ago
Odu’a Investment Company Appoints Yinusa As New MD/CEO As Raji Bows Out

Odu’a Investment Company Appoints Yinusa As New MD/CEO As Raji Bows Out

1 year ago

Instagram

    Please install/update and activate JNews Instagram plugin.

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

Topics

Abiodun Abuja APC arrest Atiku Bandits Bello Benue Buhari CBN Court Dangote death drugs Economy EFCC Election elections FG Fraud gunmen Hajj INEC Kano kidnap Kill Kogi Kwara Lagos NDLEA Niger Nigeria Ododo Ogun Oyo PDP Police Power refinery rescue road Security Senate students Tinubu
No Result
View All Result

Highlights

NGF Expresses Sympathy, Solidarity As Flood Devastates Mokwa Community In Niger State

21 Die, 10 Missing In Niger Flood Disaster

Sidi Ould Tah Elected New President Of AfDB

President Tinubu Appoints Former Speaker, Yakubu Dogara As Chairman Of NCGC

Midterm Performance : Taraba State Rated Least In IGR, Good Governance

School Wall Collapses On Students Writing WAEC In Taraba

Trending

Death Toll From Niger Flood Disaster Rises To 115,  Many Still Missing – NSEMA
Environment

Death Toll From Niger Flood Disaster Rises To 115, Many Still Missing – NSEMA

by Vital News
May 30, 2025
0

The Niger State Emergency Management Agency (NSEMA) says death toll from the flood disaster that recently ravaged...

INEC Fixes July 20 And  August 8, 2026 For Ekiti, Osun Governorship Elections

INEC Fixes July 20 And August 8, 2026 For Ekiti, Osun Governorship Elections

May 30, 2025
Kwara Community Unites Against Female Genital Mutilation, Declares Zero Tolerance

Kwara Community Unites Against Female Genital Mutilation, Declares Zero Tolerance

May 30, 2025
NGF Expresses Sympathy, Solidarity As Flood Devastates Mokwa Community In Niger State

NGF Expresses Sympathy, Solidarity As Flood Devastates Mokwa Community In Niger State

May 30, 2025
21 Die, 10 Missing In Niger Flood Disaster

21 Die, 10 Missing In Niger Flood Disaster

May 29, 2025
ADVERTISEMENT
Vital News

Vital News is an online newspaper with a mission to uphold professional journalism by reporting and publishing only facts and figures-based news reports across Nigeria and beyond.

Recent News

  • Death Toll From Niger Flood Disaster Rises To 115, Many Still Missing – NSEMA May 30, 2025
  • INEC Fixes July 20 And August 8, 2026 For Ekiti, Osun Governorship Elections May 30, 2025
  • Kwara Community Unites Against Female Genital Mutilation, Declares Zero Tolerance May 30, 2025

Categories

  • Agriculture/ Water/ Mineral
  • Aviation
  • Business
  • Crime
  • Culture
  • Economy
  • Education
  • Entertainment
  • Environment
  • Football
  • Foreign
  • Gender
  • Health
  • Judiciary
  • Labour
  • National
  • News
  • Oil & Gas
  • Opinion
  • Opinion
  • Politics
  • Power
  • Religion
  • Security
  • Sports
  • Transport
  • Uncategorized

© 2022 Vital News - . All Rights Reserved.

No Result
View All Result
  • Frontpage
  • Business
  • Economy
  • Politics
  • National
  • Opinion
  • Sports
  • More
    • Crime
    • Judiciary
    • Security

© 2022 Vital News - Vital News by Vital News.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In