NNPC Gas Marketing Ltd (NGML), a subsidiary of the Nigerian National Petroleum Company Ltd (NNPC Ltd), in partnership with NIPCO Gas Ltd, has signed a Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd for the supply of natural gas to a planned LNG plant in the Lekki Free Trade Zone, Lagos State.
The agreement, signed by NGML Managing Director, Justin Ezeala, and Ssonic Petroleum CEO, Ifeoma Douglas, marks a significant step in strengthening Nigeria’s Liquefied Natural Gas (LNG) sector and accelerating industrial growth.
Under the 20-year contract, the NGML-NIPCO Unincorporated Joint Venture will supply 80 million standard cubic feet per day (mscf) of natural gas to the Ssonic Petroleum LNG plant.
Strategic Impact of the Agreement
- Boosting Nigeria’s Gas Industry – The agreement reinforces NNPC Ltd’s vision to expand domestic gas utilization, enhance energy security, and position natural gas as a key driver of economic transformation.
- Advancing Energy Transition – By promoting gas as a cleaner and cost-effective alternative fuel, the deal supports Nigeria’s climate goals and efforts to reduce carbon emissions.
- Strengthening Gas Infrastructure – The partnership aligns with NNPC Ltd’s broader strategy to expand local gas infrastructure, attract investments, and harness Nigeria’s vast gas resources for sustainable development.
According to NNPC Ltd’s Chief Corporate Communications Officer, Olufemi Soneye, this agreement is a milestone in Nigeria’s energy landscape, paving the way for increased gas commercialization and industrial expansion.
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