Pegasus Reporters Issues on the Wing
“The Small-Scale LNG (SSLNG) Project agreement was signed by the Managing Director, of 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.”
PEGASUS REPORTERS, LAGOS | DECEMBER 8, 2023
The Nigerian National Petroleum Corporation Limited, NNPC Limited has reportedly signed two gas deals which the report says cover a floating liquefied natural gas deal and a small-scale LNG deal at the ongoing COP28 in Dubai.
According to the company, the deal is both for domestic, and international Markets with an Agreement on a 421 tons per day Small-Scale LNG Project in Ajaokuta and an MoU on Floating LNG.
It will be recalled that in a December 6, 2023, statement signed by Olufemi Soneye, the Chief Corporate Communications Officer at the Nigerian National Petroleum Company Limited (NNPCL), the company said it has signed two major agreements to deliver LNG to both domestic and international markets.
The report says that in the two separate signing ceremonies held on the sidelines of the ongoing COP28 conference, the NNPC Limited signed a Memorandum of Understanding with Wison Heavy Industry Company Limited, a Chinese company, for the development of a floating LNG project in Nigeria, which targets the international LNG market.
The Floating LNG MoU was signed by the Executive Vice President, of 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.
On the other hand, NNPC Prime LNG Limited, an arm of NNPC Trading Limited 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 Small-Scale LNG (SSLNG) Project agreement was signed by the Managing Director, of 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 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.
Nigeria’s large delegation to the COP28 in Dubai estimated at 1441 persons is currently creating discussions in both official and public circles with the opposition party calling for explanations.
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