NLNG, 3 Nigeria Coys execute SPAs for domestic LNG development NLNG, 3 Nigeria Coys execute SPAs for domestic LNG development
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The Nigeria Liquefied Natural Gas NLNG Limited has announced the execution of a Sales and Purchase Agreements (SPAs) to supply 1.1 Million Tonnes Per Annum (MTPA) of LNG on a domestic supply basis.
The agreement is with three Nigerian companies; Asiko Power Limited, Bridport Energy Limited and Gas-Plus Synergy Limited. The SPAs will facilitate the project execution and development of infrastructure led by off-takers to aid LNG delivery into the domestic market.
Announcing the agreement at a press conference in Abuja Tuesday, Managing Director and Chief Operating Officer, MD/COO NLNG, Mr Tony Attah said the execution of the SPAs followed a Domestic LNG (DLNG) Workshop which was held in November 2019 to stress test the delivery model with industry stakeholders and a series of engagements to identify suitable actors to co-create the initiative and sti
By Solomon Asowata Lagos, May 27, 2021 The Lagos Chamber of Commerce and Industry (LCCI) has backed the proposal by the Nigerian National Petroleum Corporation (NNPC) to acquire 20 per cent stake in the Dangote refinery. The Director-General, LCCI, Mr Muda Yusuf, in a statement issued on Thursday in Lagos said the move
LCCI Backs NNPC s Plan of 20% Stake in Dangote Refinery thisdaylive.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisdaylive.com Daily Mail and Mail on Sunday newspapers.
Nigeria Liquify Natural Gas (NLNG)
The Pan Niger Delta Forum (PANDEF) has commended the board and management of the Nigeria Liquefied Natural Gas (NLNG) for siting its corporate headquarters in Port Harcourt, Rivers State, urging other companies to follow suit.
In a statement issued by PANDEF’s National Publicity Secretary, Ken Robinson, the group noted that it was gratifying that NLNG decided to relocate its corporate headquarters to Rivers State where it operates.
He said the development was commendable, particularly, coming in the face of the fallacious and undesirable pretext of insecurity being advanced by antagonists of the Niger Delta Region on the refusal of the International Oil Companies (IOCs) to relocate their operational headquarters to the Niger Delta.
Report: NNPC Spent Over 5bn USD On Fuel Importation Outside DSDP Contract In 28 Months
Up until March 2020, when it announced an end to under recovery, the corporation had been withholding revenue from the federation account in the guise of subsidy losses.
by Kelechukwu Ogu
May 20, 2021
Within a 28-month window spanning July 2018 to October 2020, the Nigeria National Petroleum Corporation (NNPC) lifted crude worth $5.40bn beyond the Direct Sale Direct Purchase contract it has for refining its daily petroleum allocation of 445,000 barrels.
The state-owned firm executed this extra order, despite failure to lift up to 300,000 of the 445,000 daily allocation it ought to have been refining in its inactive refineries.