NNPC, Gas Suppliers Sign 1.29bscf/d Feedgas Supply Deals with NLNG

Hot Source
All News
August 23, 2025
0 Comments

*Lokpobiri: FG wooing global oil firms with new incentives

*American firm eyes investment in OML 145

Emmanuel Addeh in Abuja and Peter Uzoho in Lagos

The Nigerian National Petroleum Company Limited (NNPC) and some upstream gas suppliers yesterday signed long-term Gas Supply Agreements (GSAs) with the Nigeria Liquefied Natural Gas Limited (NLNG) for the delivery of 1.29 billion standard cubic feet per day (bscf/d) of feed gas.
This emerged as the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said President Bola Tinubu remains committed to ensuring that oil companies that once exited the country are compelled to return, given the recent incentives provided in the sector by the government.
The 20-year agreements, with extension options between the NNPC and GSAs, were signed in Abuja, by the NLNG and Amni International Petroleum Development Company Limited; Sunlink Energies and Resources Limited; First Exploration & Petroleum Development Company Limited; SNEPCo; NNPC Gas Marketing Limited; NNPC E&P Limited; Shell Nigeria Gas Solutions Limited; Oando Group; and Aradel Holdings.
The agreements, a statement from the NNPC said, aims at bridging the prolonged shortfall in upstream gas availability, and marks a major boost for Nigeria’s energy transition agenda and the federal government’s gas reforms aimed at strengthening the nation’s economic prosperity and energy security.
Speaking at the signing ceremony, the Group Chief Executive Officer of NNPC, Bayo Ojulari, commended NLNG’s shareholders and the government for their long-term commitment to value delivery despite the challenges faced over the years.
He described the agreements as a giant step towards value creation and sustainable gas supply.
“These GSAs have opened up opportunities for the growth of our industry both for local and international development. They’re hinged on collaboration, synergies and opportunities. We need to leverage economies of scale, share risk and opportunities for us to attain Mr. President’s Decade of Gas vision,” he said.
Ojulari lauded the enabling environment and private sector support fostered by Tinubu.
“It is important to commend the President’s tremendous effort that has enabled the business through the issuance of Executive Orders targeted at gas developments and ease of doing business,” he added.
The GCEO reaffirmed NNPC’s readiness to accelerate the realisation of the Presidential Executive Orders for the industry, pledging to work with partners to unlock opportunities for collective prosperity, in line with the national gas development targets for incremental production.
In his remarks, NLNG Managing Director, Philip Mshelbila, who hailed the GSAs as a game-changer for Nigeria’s gas industry, said they will enhance local gas production capacity, improve supply reliability, and advance the nation’s energy security, industrialisation aspirations, and economic growth.
“We could not have achieved this sooner without the deliberate and concerted efforts of our shareholders and stakeholders in the energy industry in Nigeria. These agreements are a turning point in NLNG’s journey, restoring reliability of supply and ensuring we remain firmly on the path of growth and expansion,” Mshelbila noted.

According to him, the new GSAs reinforce Nigeria’s role in the global energy market while strengthening feed gas supply to the Bonny Island plant and supporting the company’s expansion drive.

The Nigeria LNG Limited (NLNG) is an incorporated joint venture (IJV), with NNPC Ltd holding 49 per cent, Shell Gas 25.6 per cent, TotalEnergies 15 per cent, and Eni International 10.4 per cent.

The third-party gas suppliers, a separate statement from NLNG said, is a strategic move to strengthen feedgas supply to its existing trains on Bonny Island and support the company’s expansion drive.

It said the new GSAs represent a significant boost to feedgas availability, enhancing NLNG’s capacity to meet its commercial commitments while laying the groundwork for expansion.

“This development is aligned with the Federal Government’s Decade of Gas initiative, which places natural gas at the centre of Nigeria’s industrialisation and energy transition agenda,” it added.

Meanwhile, Lokpobiri, has said Tinubu is ensuring that oil companies which once exited the country are compelled to return, given recent incentives provided in the sector by the government.

To this end, the minister noted that Nigeria is strengthening its position as a top global investment destination, welcoming international partners back to its oil and gas industry with competitive incentives and a renewed commitment to collaboration.

A statement in Abuja yesterday by the minister’s Special Adviser on Media and Communication, Nneamaka Okafor, said Lokpobiri made the remarks while receiving a delegation from Vaalco Energy, an American independent oil and gas exploration and development company.

In recent years, Nigeria has introduced a range of incentives in the oil sector aimed at attracting investment, boosting production, and stabilising revenues. Central to this is the Petroleum Industry Act (PIA) of 2021, which overhauled the fiscal and regulatory framework.

The law provides for more competitive royalty and tax regimes, especially for deep offshore and frontier acreages, where exploration costs are high as well as ensure that investors are offered production allowances, reduced hydrocarbon tax rates, and flexible royalty structures tied to price and terrain.

Beyond fiscal reforms, the government has also promoted gas development through incentives such as tax holidays, zero customs duties on equipment, and capital allowances for companies investing in domestic gas supply and infrastructure.

According to the statement, the American firm has also already expressed interest in re-entering Nigeria through the acquisition of Svenska’s PSC interest in Oil Mining Lease (OML) 145.

“The Government of President Bola Ahmed Tinubu is particularly interested in creating a better environment for companies that were once here but left for various reasons to return. We are prepared to offer incentives comparable to the best available globally.

“It is gratifying for us as a nation when those who have worked here become ambassadors, speaking of how friendly and conducive Nigeria is for business. We are glad to welcome you back,” Lokpobiri, who commended Vaalco’s renewed interest in Nigeria, was quoted as saying.

Lokpobiri assured that Nigeria’s oil sector policies now provide clarity, fiscal stability, and investor-friendly frameworks that encourage long-term partnerships.

“Your renewed presence will help us ramp up production and achieve our national energy objectives. Together, we can build a future of shared growth and prosperity,” he stressed.

In his remarks, Vaalco Energy’s Managing Director, Pieter Van der Groen, said the company still sees Nigeria as a key investment hub, explaining that as a listed company in the US, the firm already has access to funding.

“We are here to seek regulatory guidance for acquiring Svenska’s interest in OML 145, but more importantly, to return to Nigeria and invest in a stronger way. As a New York Stock Exchange-listed company, we have access to funding to develop the assets we acquire. We are not here to sit on them; we are here to produce,” the MD stated

The post NNPC, Gas Suppliers Sign 1.29bscf/d Feedgas Supply Deals with NLNG appeared first on THISDAYLIVE.

Hot Source

Hot Source
All News
August 23, 2025
2 views

Tinubu Pushes for Local Arms, Ammunition Production to Enhance Insurgency Fight

*Says his administration desirous of institutions’ strengthening

*Optimistic about renewed confidence in Nigeria’s economy

Deji Elumoye in Abuja

President Bola Tinubu yesterday vowed to scale up local production of arms and ammunition as part of his renewed push to strengthen Nigeria’s security architecture. He said boosting homegrown defence capacity will not only reduce dependence on foreign suppliers but also sharpen the nation’s fight against insecurity.
Speaking in Abuja during the graduation ceremony of Course 33 of the National Defence College, the President, who was represented by Vice President Kashim Shettima, described the College as a vivid representation of his administration’s commitment to building human capital in areas critical to our national survival.
Tinubu stressed that strengthening indigenous manufacturing of military hardware was crucial in enhancing Nigeria’s security and development.
He applauded the culture of excellence in research at the National Defence College (NDC), citing the Presidential Treaties on Harnessing Indigenous Manufacturing for Enhanced National Security and Development: Strategic Options for Nigeria by 2040, as an affirmation of the strength of such a tradition in the country.
“I must also commend the tradition of research excellence in this College. Your Presidential Treaties on Harnessing Indigenous Manufacturing for Enhanced National Security and Development: Strategic Options for Nigeria by 2040 is a clear demonstration of this strength.
“I have directed that relevant stakeholders study your recommendations and harvest the strategies you proposed, because strengthening indigenous manufacturing is indispensable to our nation’s security and development,” the President stated.
He expressed delight at the theme for the College’s Course 33, “Strengthening Institutions for National Security and Development in Nigeria,” pointing out that the foundation of every successful society was strong and resilient institutions.
Noting that his administration has since made strong institutions a national priority, Tinubu said, “They uphold the rule of law, safeguard citizens’ rights, promote accountability, and deliver essential services. In national security, they are the framework for managing conflict, countering threats, and building resilience against instability.
“In development, they ensure sound governance, effective planning, and the delivery of policies that serve the common good. This is why this administration has made institutional strengthening a national priority, and I trust that the knowledge you have acquired here will be deployed to fortify the institutions of Nigeria and of your respective nations.”
The President expressed firm belief that “without strong institutions there can be no lasting democracy,” stating that in pursuit of this conviction, his administration has taken bold steps to reposition the nation’s “economy for growth and shared prosperity.
“Today, there is renewed confidence in our economy, reflected in the nation’s rising business outlook. Today, even the stock market has grown by over forty-eight percent year on year, the best performance in almost three decades.
“While this reflects investor faith in our reforms, I acknowledge that we must continue to tackle inflation and food insecurity to ensure that this growth translates into real prosperity for every Nigerian,” he declared.
Tinubu also reiterated his administration’s resolve to complete construction at the permanent site of the National Defence College in Piwoyi, saying that while it is a matter close to the heart of the College, he had been briefed on the state of infrastructure at the site.
According to him: “While progress has been made, much remains to be done. I assure you that this administration is committed to completing the permanent site, to ensure that the College continues to deliver strategic training not only for Nigeria but also for allied nations. When fully equipped, this College can, and should, evolve into a Defence Postgraduate University.
“I have therefore directed the Commandant to work closely with the Minister of Defence to develop a clear strategy to upgrade the facilities, while government explores further interventions to enhance the infrastructure,” he assured.
The President implored the Course 33 graduands to join hands in delivering his administration’s renewed hope to Nigerians, just as he recalled that his pledge to the people is “to provide effective and creative leadership, and I call on you to be partners in the task of birthing the new Nigeria we all dream of.
“Graduates of Course 33, you step out today into a world more volatile, uncertain, complex, and ambiguous than when you began your course last year. Global economic headwinds, the war in Ukraine, the disruptive force of emerging technologies, the threats in cyberspace, and the unsettling resurgence of unconstitutional changes of government in our region form the backdrop of your service.
“But you have been prepared for this moment. You have been trained to think and act strategically. You have been equipped to lead with vision and courage,” he also stated.
Tinubu further commended the Commandant, the management team, and the Faculty of the College for grooming the Course 33 graduands for the “Armed Forces, for Ministries, Departments and Agencies, and for the friendly nations represented,” in the Course.
Earlier, the Commandant of the National Defence College, Rear Admiral J.O. Okosu, welcomed the President to the ceremony, highlighting his administration’s solid support for the military institution.
He expressed confidence in the graduands’ abilities to deliver, stressing that the training programme is aimed, among other things, at tackling several pertinent security challenges, including banditry and oil theft in the Niger Delta region.
On his part, the Deputy Commandant of NDC, Major General Kevin Ukandu, explained that knowledge and skills were imparted to the participants in several areas, including defense management, strategy formulation, command, and geopolitics.

According to him, the training was designed to prepare them to undertake high-level policy, command, and staff functions in single and joint service headquarters, as well as civil appointments at national and international levels.

The Course 33 graduates are drawn from the Nigerian Army, Nigerian Navy, Nigeria Police Force, and other institutions both within and outside Nigeria

The post Tinubu Pushes for Local Arms, Ammunition Production to Enhance Insurgency Fight appeared first on THISDAYLIVE.

Hot Source
All News
August 23, 2025
3 views

Despite Disharmony, PDP Leaders Seek to Calm Tension Ahead of 2027

*Party governors hold strategic meeting in Zamfara today ahead of national convention

*Bode George harps on need to enforce discipline, urges detractors to leave if they can’t support progress

Chuks Okocha in Abuja

Despite visible cracks and growing disharmony within the Peoples Democratic Party (PDP), the party’s leaders are intensifying efforts to restore calm and strengthen cohesion ahead of the 2027 general elections.
Concerned about the implications of prolonged internal strife, PDP Governors, key stakeholders, and national executives are rallying to ensure that differences do not derail the party’s relevance as Nigeria’s main opposition force.
The renewed push for reconciliation is coming at a time when the PDP is under pressure to present a united front against the ruling party. Leaders say the latest round of consultations will focus on bridging factional divides, harmonising interests, and designing a clear strategy to reposition the party, rebuild public confidence, and boost its chances of reclaiming power in 2027.
To this end, PDP Governors and key stakeholders are converging on Zamfara State today, for a strategic meeting expected to set the tone for the party’s forthcoming national convention.
Party sources said the Zamfara strategic meeting, which would be hosted by Governor Dauda Lawal, would focus on shaping the party’s direction ahead of its national convention, seek reconciliation, harmonisation of interests, and the design of a robust electoral strategy aimed at reviving the PDP’s fortunes and energising its base ahead of 2027.
Some of the PDP Governors, led by the Chairman and Bauchi State Governor, Bala Mohammed, arrived Gusau, Zamfara State, yesterday.
This comes as it was gathered that the Zoning Committee of the party, headed by Governor of Bayelsa State, Senator Douye Diri, has recommended that the presidential candidate should be zoned to reflect the mood of the nation.
Also, a chieftain of the party and elder statesman, Chief Bode George, yesterday, warned that the party must take decisive action against members undermining its unity if it was to remain a credible opposition force ahead of its next national convention.
Speaking in an interview with ARISE NEWS, on the outcome of a recent consultative meeting, George stressed that the PDP cannot continue to tolerate internal sabotage.
It was also learnt that the PDP has continued to mount pressure on former President, Goodluck Jonathan to join the 2027 presidential race.
There is currently division in the PDP with some members loyal to the current leadership and Governors, while there is another camp loyal to the Minister of the Federal Capital Territory, Nyesom Wike.
The Wike’s camp has rejected the Southern Leaders’ Zoning Consultative meeting held in Lagos on Wednesday, urging stakeholders to reject the resolutions from the meeting.
However, two members of the Zoning Committee told THISDAY, in separate interviews, that the committee decided that zoning of the presidential candidate of the party in 2027 would reflect the mood of the nation, which indicates that they may look towards the southern part of the country for their pick.
According to a source in the committee, ”it is almost near consensus that the presidential candidate of the PDP for the 2027 should reflect the mood of the nation. ‘We have competent presidential material from the South. Once this decision is adopted by the National Executive Committee, (NEC) meeting on Monday, you will start to see the calibre of the presidential materials gradually coming out,” he added.
Asked whether any of the current members of the National Working Committee (NWC) of the party is qualified to contest for the new membership of the leadership, he said it depends on the further micro zonings that would be approved by the NEC, expected to hold Monday.
Meanwhile, in a statement, a spokesperson to the Zamfara State Governor, Sulaiman Bala Idris, stated that the meeting would be a pivotal gathering to deliberate on key political strategies and foster unity within the party.
“Governor Dauda Lawal extends a warm welcome to his counterparts, the governors of the Peoples Democratic Party (PDP),” the statement read.
The governors are convening today (Friday) for an important session of the PDP Governors Forum. Governor Lawal will host a dinner this evening, ahead of tomorrow’s strategic meeting.”
The statement further noted that the meeting would provide an opportunity for party leaders to address pressing political issues, strengthen internal cohesion, and collaborate on developmental initiatives across their respective states.
Additionally, the Governors would discuss preparations for the upcoming national convention, organised by the PDP National Executive Committee (NEC), scheduled to take place in Ibadan, Oyo State, on November 15 and 16, 2025.
In the meantime, Chief Bode George, has warned that the party must take decisive action against members undermining its unity if it was to remain a credible opposition force ahead of its next national convention.
Speaking in an interview with ARISE NEWS yesterday on the outcome of a recent consultative meeting, George stressed that the PDP cannot continue to tolerate internal sabotage.
“In life, you have those that can be termed as progress terminators, and also success accelerators,” he said.
“If you want to be a progress terminator, please ship yourself out. And the party must be strong enough to take that decision. Period.”
George explained that the zoning committee, established by the party’s National Executive Committee (NEC), was mandated to review leadership arrangements across Nigeria’s geopolitical zones.
He noted that what was initially planned as a non-elective convention had been converted to an elective one because of internal crises and the resignation of some key officials.

“This particular convention that is coming would just have been a non-elective convention. But because of the crisis we have gone through, and the resignation of some of the principals, NEC decided it has to be an elective convention,” he said.

The PDP stalwart expressed frustration with members he described as disloyal, accusing them of undermining the collective interest of the party. According to him, individuals who are dissatisfied with party decisions should either join another political group or form their own.

“We can’t continue to appeal to those who have made up their minds to jump ship. If they are tired of the party, let them go. Enough is enough. It is not anybody’s private field. It’s an organisation bigger than any one of us,” George declared.

He emphasised that the party’s primary responsibility was to the Nigerian electorate, not to individual ambitions, warning that disobedience to party decisions amounted to a betrayal of trust.

“The most important people that we can talk to are the electorate. If they see the quality of management, the quality of personality, and the ideology we are presenting to them outside, they will give us their votes,” he said.

George also pointed to what he described as a structural difference between the PDP and the ruling All Progressives Congress (APC). “The difference between the PDP and the APC is as clear as a crystal. In APC, there is only one man who can speak to the heart of the party the president. In PDP, no individual owns the party. It is collective responsibility.”

Reflecting on the party’s zoning principles, George reiterated that rotational leadership remains fundamental to Nigeria’s stability and to the PDP’s founding ideals. He argued that those ignoring these principles were threatening not just the party’s future but also national balance.

“There are six geopolitical zones, and six top positions in the country. That was the understanding since 1998. Everybody must have a sense of belonging. That is the difference between us and others,” he explained.

Calling for decisive action at the upcoming NEC meeting, George insisted that members must either respect the constitution of the PDP or leave.

“This NEC meeting must extract all these misgivings, and if the party does not make a decisive decision, we will just go back and vote no. Enough is enough,” he warned.

The PDP, he concluded, must present itself as disciplined and united if it hopes to retain its role as Nigeria’s leading opposition party.

The post Despite Disharmony, PDP Leaders Seek to Calm Tension Ahead of 2027 appeared first on THISDAYLIVE.

Hot SOURCE News

Or check our Popular Categories...

Hot SOURCE News

Or check our Popular Categories...

NNPC, Gas Suppliers Sign 1.29bscf/d Feedgas Supply Deals with NLNG

Related

Hot Source

Related Posts

Tinubu Pushes for Local Arms, Ammunition Production to Enhance Insurgency Fight

Despite Disharmony, PDP Leaders Seek to Calm Tension Ahead of 2027

Leave a Reply Cancel reply

Business & Economy

Weekly Market Wrap: Nigerian stock market sinks 3,624 points as cement giants fuel decline

Imo, A State on the Rise: Hope Uzodimma’s vision for growth and investment

Meta, X flout Nigeria’s Internet Code, risk NITDA sanctions

American Soybean Association expands partnership to strengthen U.S.-Nigeria commercial ties in aquaculture

NITDA warns Nigerians of critical eSIM security flaw affecting over 2 billion devices worldwide

Reforms: FX Inflows, Price

From Blueprint to Reality: Action Plan for Nigeria’s Sustainable Infrastructure Future

Jetour T2 Plug-in Hybrid Electric Vehicle Now in Nigeria

Suzuki By CFAO Offers Up to 25% Discount On

What’s in Your Food?

Mariam Posset: Art is Powerful Medium for Storytelling, Cultural Expression

Karl Hala: We’re Building Continental Academy

Zenith Bank tops trading value as All-Share Index rises 0.48%, mid-cap stocks shine

Presco Plc. holds 2025 Annual General Meeting, reports landmark growth and expansion of regional footprint

Capitalfield celebrates 22 years of excellence with CSR Project on sustainable energy for health centres

Presco shareholders approve N250 billion capital raise, 2025 director fees, and dividends at AGM

Japan names city as hometown for Nigerians, to create special visa category

Sokoto to spend N8.3 billion on renovation of basic and secondary schools

FG, states, LGs share N2.001 trillion July 2025 revenue

Average diesel price falls to N1789.45/litre in July 2025 – NBS

From Enugu to the world: Project Turing creates direct pathway to global tech careers

Federal Government Projects $200bn Revenue from Lekki Port in 45 years

NIGCOMSAT targets N8 billion revenue through broadband expansion in Nigeria

Analysts assign a BUY rating to Nigerian Breweries shares, reveal entry and target prices for 2025

NiMet forecasts thunderstorms, rains across Nigeria from Friday to Sunday

From Sign-Up to 200× Perpetuals — A BYDFi Review for No-KYC Contract Enthusiasts

Pharmacy Council of Nigeria seals 486 pharmaceutical premises in Niger State over regulatory violations

Series 1 of Nigeria’s First Private Debt Fund fully deployed; FCMB Asset Management and TLG Capital set to launch Series 2

Abu Dhabi’s Space42 eyes Africa expansion to challenge Elon Musk’s Starlink in Nigeria, others

Phillips Consulting Limited unveils 2025 State Performance Index: A scorecard for governance and development in Nigeria

NNPCL reports 79.6% decline in July 2025 profit, revenue falls to N4.406 trillion

MTN Nigeria subscribers in three states to experience service disruption on Saturday

Non-bank corporates outshine FPIs as FX inflows surge 24% in July 2025

How I lost N200 billion – Femi Otedola

President Tinubu departs Japan for Brazil on state visit

Experts Identify Factors Militating against Affordable Financing for Nigerian Airlines