The Nigerian National Petroleum Corporation and Chevron Nigeria Limited have signed agreements over the multi-billion dollars Escravos Gas-to-Liquid project.
This was disclosed at a sign-off meeting by the Group Managing Director,NNPC, Mele Kyari in Abuja.
Kyari said the oil company would boost the domestic gas market with 400 million standard cubic feet per day of gas supply that’s equivalent to 26 per cent of total domestic gas supply in the country.
Advertisement
He adds that the EGTL plant is a source of energy and has the potential to yield $2 billion yearly into the federation account.
Related posts:
NNPC signs financing contracts with Shell, Chevron
NNPC to raise Chevron-operated GTL plant stake to 60%
Power sale : Nigeria to sign agreements with Niger, Benin Republic
Nigeria, UK sign agreements on Security, Economic devt
Turkey, Nigeria sign eight major agreements on energy, defense, industry, mining
Saudi Arabia, China sign agreements on Defence, Others
Russia, China sign new agreements, defying Western criticism
REA-NEP sign agreements to extend off-grid power generation in Jigawa, Nasarawa states
