At COP28 in Dubai, NNPC Ltd. Seals LNG Deals for Domestic, International Markets
…Agreement on 421 Tonnes Per Day Small-Scale LNG Project in Ajaokuta and MoU on Floating LNG
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.
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.
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.
Olufemi O. Soneye Chief Corporate Communications Officer NNPC Ltd. Abuja
#COP28UAE: REA, @NASENIHQ Cooperation Agreement went full circle earlier today at the #ChinesePavilion, Blue Zone, #COP28 where a landmark agreement was signed with Shenzhen Lemi Technology Development Company Limited of China.
NIGERIA x CHINA The landmark partnership leads to the development and establishment of a US$150 million Lithium-Ion Battery Manufacturing and Processing Factory in Nigeria.
With proceedings led by the Chinese Delegate and with the Minister of Ecology and Environment, China, leading engagements of China delegates, both the Heads of REA and @NASENIHQ expressed their commitment to their respective mandate with the objective of optimizing the joint partnership for research and development projects in Nigeria.
This partnership is equally targeted at enhancing the quality, reliability, and affordability of rural electrification solutions, including the growth of people-centred innovative technologies across Nigeria.
Solarge signs contract for solar panel production in Nigeria
Infrastructure Corporation of Nigeria (InfraCorp) has signed a contract with African Green Infrastructure Investment Bank (AfGIIB) and Solarge to build a lightweight solar panel factory in Africa.
The Dutch company Solarge, which produces its lightweight solar panels in Weert, previously announced that it saw opportunities to export the concept of its factory.
" This partnership represents a pivotal moment in aligning our goals with President Bola Ahmed Tinubu's vision for local manufacturing capabilities that drive employment, accelerate electrification, and foster economic growth," InfraCorp said of the Memorandum of Understanding. "And all this while Nigeria is being led towards decarbonisation in line with its energy transition commitments."
"We are proud and honoured to have signed a Memorandum of Understanding with InfraCorp and the African Green Infrastructure Investment Bank on behalf of Solarge at the UN climate summit COP 28 for large-scale production of our lightweight solar panels in Nigeria," said Gerard de Leede, chief technology officer of Solarge. "Our joint efforts will contribute to the realization of a sustainable and resilient energy future for the country."
Local
The plant will produce lightweight solar panels with an ultra-low carbon footprint, making Nigeria "a global leader in sustainable local manufacturing and critical infrastructure," according to InfraCorp.
The initiative for the plant aligns closely with InfraCorp's commitment to sustainable development and growth of the economy, striving to provide climate-resilient infrastructure for a cleaner and greener Nigeria.
Infrastructure Corporation of Nigeria @InfraCorpNG
#COP28Recap Nigeria's energy future shines brighter!
InfraCorp partners with AfGIIB & Solarge to build a groundbreaking 1GW Solar PV Manufacturing Plant!
Lightweight panels, low carbon footprint, & local jobs!
Together, we're propelling Nigeria towards a sustainable future!
"We are excited about the partnership with Solarge as it aligns with our commitment to driving an accelerated deployment of infrastructure in Nigeria and specifically toward sustainable development and economic growth"
Today, at Nigeria Pavilion #COP28, @nl_netherlands through Solarge International BV, a leading Dutch manufacturer of lightweight solar panels signed an MoU with Infrastructure Corporation of Nigeria(InfraCorp) for the the establishment of a solar panel manufacturing factory in🇳🇬
The project will contribute significantly to🇳🇬industrialization drive and aligning with the vision of @officialasiwajubat for local manufacturing capacities to create employment, accelerate electrification, and grow the economy while decarbonizing in line with🇳🇬 energy transition
The Solar PV manufacturing plant will be one of the first large scale production facilities in the world for lightweight solar panels with ultra-low carbon footprints
Politics › NNPC Seals LNG Deals For Domestic & International Markets. by naptu2(op): 10:07am On Dec 09, 2023
