NNPC Ltd, Nigeria’s state-owned petroleum corporation, has expanded its domestic gas supply strategy through a significant Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd, announced today, March 7, 2025.
The statement signed by Olufemi O. Soneye Chief Corporate Communications Officer of NNPC Ltd stated:
“The NNPC Gas Marketing Ltd, a subsidiary of the NNPC Ltd, and its Unincorporated Joint Venture partner, NIPCO Gas Ltd, have executed a Gas Sale and Purchase Agreement (GSPA) with Ssonic Petroleum Ltd to supply natural gas to the company’s proposed Liquefied Natural Gas (LNG) plant in Lekki Free Trade Zone, Lagos State.
Under the terms of the agreement which was executed on Thursday, 6th March, 2025, the NGML-NIPCO UJV will supply 80million standard cubic feet (mmscf) per day of natural gas to the Ssonic Petroleum LNG plant for a period of 20 years.”
This 20-year commitment aims to enhance Nigeria’s industrial and economic growth by increasing domestic gas utilization, as outlined in a statement by Olufemi O. Soneye, NNPC Ltd’s Chief Corporate Communications Officer.
The deal aligns with NNPC’s broader objective to promote natural gas as a cleaner, cheaper, and more environmentally friendly fuel, supporting global efforts to reduce carbon emissions and combat climate change.
This agreement follows NNPC’s ongoing initiatives, such as the Nigerian Gas Master Plan, which focuses on developing key gas infrastructure projects like the Escravos-Lagos Pipeline System and the Ajaokuta-Kaduna-Kano pipeline, to drive sustainable economic development.
The Lekki Free Trade Zone, a hub for industrial activity, will benefit from this gas supply, potentially attracting further investment and fostering job creation in Nigeria’s energy sector.
