Nasarawa Government Signs MoU With NNPC On Gas Supply

The Nasarawa State Government has signed a Memorandum of Understanding (MOU) with the Nigerian National Petroleum Corporation (NNPC) and the Gas Aggregation Company of Nigeria (GACN) for the supply of gas to Nasarawa State’s industries.

The gas supply MoU was signed in Lafia, the state capital, at the Nasarawa Business Roundtable meeting, which was held to explore investment opportunities in the gas sector.

Malele Kyari, the NNPC Group Managing Director, spoke at the event and provided concrete evidence of the project’s progress, emphasizing that Nasarawa State is uniquely positioned to maximize value from the AKK pipeline and gas-based business opportunities.

Read Also:  Gunmen kidnap principal, vice principal, and three teachers in Ondo

Mr. President’s unwavering commitment to using gas as a major tool to drive economic development was also highlighted and appreciated by Kyari.

Also speaking, Mr. Olalekan Ogunleye, the Managing Director of GACN, stated that the collaboration between the Nasarawa State Government, NNPC Ltd., and GACN has established a clear framework through which investors and projects in the state will have immediate access to gas.

He stated that this would be done through Virtual Pipeline Solutions (CNG & LNG) prior to the AKK pipeline project’s completion.

“This is a significant step forward in the federal government’s Gas Utilization Expansion initiative, which is being vigorously facilitated by NNPC and GACN.”

Read Also:  In Ilorin, the Kwara government has sealed a residential building for practicing open defecation

“This Memorandum of Understanding establishes clear, time-bound deliverables based on securing gas on competitive terms in the short, medium, and long term.”

“As you may recall, similar MoUs were signed with the states of Kano and Kaduna a few months ago, and those engagements have now progressed to the negotiation stage of a Gas Supply Agreement.

“NNPC Management continues to promote gas resource commercialization as a national economic development issue, while GACN and other NNPC subsidiaries such as NGMC and NGC have clearly defined roles and responsibilities to deliver concrete progress and value,” the GACN MD stated.

Read Also:  UK, Israel place South Africa on red list over COVID-19 mutant variant

Nasarawa State Governor Abdullahi Sule, for his part, urged Nasarawa residents to take advantage of opportunities in the gas value chain, including gas distribution, CNG stations, captive/embedded power generation, LPG marketing, and gas flare commercialization.

The Nasarawa State Governor, Abdullahi Sule, was present at the signing of the MoU, as were the Group Managing Director of NNPC, Malam Mele Kyari, the Group Executive Director Gas & Power, NNPC Ltd, Malam Mohammed Ahmed, and the Chief Executive Officer (CEO) of Axxela, Mr. Bolaji Osunsanya.