fbpx
Connect with us

News

At COP28 in Dubai, NNPC Ltd. Seals LNG Deals for Domestic, International Market

Published

on

Managing Director, NNPC Trading Ltd., Mr. Lawal Sade (seated from right) and Mr. Abhinav Modi, Managing Director of SDP Services Ltd, signing an agreement for the Supply, Installation and Commissioning of a Small-Scale LNG (SSLNG) Project in Ajaokuta, Kogi State, on the sidelines of the on-going United Nation’s Climate Change Conference (also known as COP28), in Dubai, UAE, on Wednesday.

 

In its efforts to further boost natural gas utilization in the country and enhance Nigeria’s gas revenue, NNPC Ltd. has signed two major agreements to deliver LNG to the domestic gas market and the international LNG market.

During two separate signing ceremonies held on the sidelines of the on-going 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.

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 tonnes 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 Mr. 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.

APC Legal Team Condemns Unguarded Utterances of NNPP Lawyers

Best Choice Clinic

Similarly, the Small-Scale LNG (SSLNG) Project agreement was signed by the Managing Director, NNPC Trading Ltd., Mr. 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.

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 EVP Gas, Power & New Energy, Mr. Olalekan Ogunleye said NNPC Ltd. is 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., Mr. Lawal Sade said the SSLNG Project will boost the domestication of LNG utilisation by supporting the growth of auto-gas initiatives across the country.

“We are looking at a timeframe of 12 months from execution to the commissioning of the project. The project will deliver about 420 tonnes per day 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.

In a statement signed by Olufemi Soneye Chief corporate communications officer NNPC Ltd 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.

 

 

News

Senator Sumaila Eulogizes Governor Yusuf for Releasing Funds for Kafinchiri Irrigation Scheme

Published

on

Senator Abdurrahman Kawu Sumaila

 

Senator Suleiman Abdulrahman Kawu Sumaila, representing Kano South Senatorial District, has commended Governor Abba Kabir Yusuf of Kano state for approving N2.5bn to revive the Kafin-Chiri irrigation scheme.

Senator Sumaila in a statement he signed, said the scheme will significantly contribute to the enhancement of agricultural productivity in the state.

“The extension of the Kano irrigation scheme around Garko Sumaila axis is a pivotal initiative that will create over 500 direct and indirect job opportunities, thereby uplifting livelihoods and promoting economic growth.

“The project’s dedication to bolstering food production in Kano state deserves praise as it underscores the government’s commitment to ensuring food security and prosperity for its citizens.

Best Choice Clinic

“I am therefore, encouraging farmers in the region to seize this opportunity and leverage the reactivated irrigation scheme to increase their agricultural output.

“I urged the farming community to collaborate with the authorities, embrace modern farming techniques, and capitalize on this generous gesture by the government.

The senator assured that by working hand in hand with the government, farmers in the area can maximize the benefits of the reactivated irrigation scheme to propel Kano State towards greater agricultural self-sufficiency and prosperity.

“The people of the area should join heads in celebrating this landmark initiative and strive towards a future of abundant harvests and economic prosperity,” the statement ended.

Continue Reading

News

Arewa APC Merger Group Promises to Stop Alleged Politically Motivated Protests in Nigeria.

Published

on

 

The Arewa APC Merger Group has issued a stern warning against a series of politically motivated protests allegedly sponsored by individuals and groups agitated by separatist agendas.

According to the group, these protests are orchestrated by enemies of Nigeria who aim to destabilize the nation’s unity.

In a statement signed by Hon. Musa Mujahid Zaitawa, the National Coordinator of the group, the Arewa APC Merger Group and made available to press emphasized their commitment to supporting the current APC government.

The statement, issued in Abuja, expressed the group’s resolve to counter any protest efforts intended to sow discord and undermine national cohesion.

Best Choice Clinic

They accused a prominent political figure, as strongly associated with these protests.

Despite his public denials, the Arewa APC Merger Group has declared his involvement “unacceptable.”

They accuse him and his supporters of attempting to manipulate public sentiment for political gain.They stated that the denial of political figured hands in plan protest cannot be accepted because there is sign of hands of some of his supporters in the affairs.

They warned him against any statement that will lead in causing of what Will lead to instability to the nation

“The Arewa youths are steadfast in their allegiance to the APC government,” Zaitawa stated.

“We are ready to dedicate ourselves to stopping these politically motivated protests. Our unity and support for the government are crucial in maintaining peace and stability in Nigeria.”

The group called on all Nigerians to reject any actions that threaten the nation’s unity and to stand together in support of the government.

The Arewa APC Merger Group reiterated their commitment to safeguarding Nigeria’s integrity and ensuring that the country remains united against divisive elements.

Continue Reading

News

Dangote Refinery :Kwankwaso Calls for National Protection of the Vital Asset

Published

on

Senator Rabiu Musa Kwankwaso

NNPP national leader Senator Rabiu Musa Kwankwaso expressed his admiration for the dedication and quality that went into establishing Dangote Refinery .

Senator Kwankwaso stated this when he visited the refinery said , “I was privileged to visit the magnificent Dangote Refinery, and I was marveled by the sheer commitment that went into the quality of its establishment.”

The 650,000 barrels per day (bpd) refinery, a cornerstone for Nigeria’s energy needs and economic stability, was hailed by Kwankwaso as a vital national asset that must be safeguarded from any threats.

He emphasized the importance of the refinery, stating, “This 650,000 bpd refinery is essential for our energy needs and economic stability, and it must be protected from all forms of threat.”

Best Choice Clinic

Kwankwaso criticized the unwarranted controversies surrounding the refinery, attributing them to vested interests aiming to undermine the project. “The creation of unnecessary fuss around its integrity by some vested interests is very unfortunate, and it stands to undo all the years of hard work to maintain the fragile investor confidence in our economy,” he stated.

Calling for unified support to protect the refinery, Kwankwaso urged the government to act decisively. “It’s time for us to rally around this National Asset to ensure that the monumental project does not fail. It cannot fail, and the Nigerian government must understand this by demonstrating fairness and confidence in both domestic and foreign critical investments,” he concluded.

Senator Kwankwaso’s visit serves as a milestone   emphasizing the importance of national unity and governmental support in preserving and enhancing key infrastructure projects like the Dangote Refinery for the benefit of Nigeria’s future.

Continue Reading

Trending