The NNPC Gas Marketing Ltd (NGML), a subsidiary of the NNPC Ltd, and its
Unincorporated Joint Venture partner, NIPCO Gas Ltd, have executed a Gas Sale
and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd to supply natural gas
to the company’s proposed Liquefied Natural Gas (LNG) plant in Lekki Free Trade
Zone, Lagos State.
Under the terms of the agreement which was executed on Thursday, 6th March,
2025, the NGML-NIPCO UJV will supply 80million standard cubic feet (mmscf) per
day of natural gas to the Ssonic Petroleum LNG plant for a period of 20 years.
The gas supply agreement is part of efforts by the NNPC Ltd to boost domestic
gas utilisation for the nation’s industrial and economic growth and promote the
use of gas as a cleaner, cheaper and more environmentally friendly fuel in
keeping with the goal of reducing global warming.
