The Nigerian National Petroleum Corporation and the Nigeria Liquefied Natural Gas have signed a $2.5 billion pre-payment agreement on upstream gas development projects to supply gas to NLNG’s trains 1 to 6.
The corporation also charged stakeholders to work assiduously towards expanding the production capacity of the company beyond Train 7 in order to take advantage of developments in the global LNG market.
The Group Managing Director of NNPC, Mele Kyari, during the signing ceremony in Abuja said the deal would help to resolve the issues around gas supply to Trains 1 to 6.
He noted that though NLNG has been a huge success as a company, it must go beyond its current achievements and initiate other viable projects capable of generating better return on investment.
