The Group Chief Executive Officer of NNPC Limited, Bashir Bayo Ojulari, has praised President Bola Tinubu and the shareholders of Nigeria LNG (NLNG) for their steadfast commitment to value creation, despite the longstanding industry challenges.
Ojulari gave the commendation at the signing of a landmark agreement between NNPC Limited, leading upstream gas suppliers, and NLNG for the supply of 1.29 billion standard cubic feet per day (bscf/d) of feed gas under long-term Gas Supply Agreements (GSAs).
[PHOTO NEWS]
NNPC Ltd., Gas Suppliers Sign 1.29bscf/d Feedgas GSAs with NLNG
In a major boost towards strengthening Nigeria’s energy transition and economic growth, NNPC Limited, alongside leading upstream gas suppliers, signed Gas Supply Agreements (GSAs) with Nigeria LNG… pic.twitter.com/bSGGwCp0sg
— NNPC Limited (@nnpclimited) August 22, 2025
The 20-year agreements, with extension options, were signed on Friday at the NNPC Towers in Abuja by NLNG and nine upstream suppliers: Amni International Petroleum Development Company Limited; Sunlink Energies and Resources Limited; First Exploration & Petroleum Development Company Limited; Shell Nigeria Exploration and Production Company (SNEPCo); NNPC Gas Marketing Limited; NNPC E&P Limited; Shell Nigeria Gas Solutions Limited; Oando Group; and Aradel Holdings.
The deals are expected to address the prolonged shortfall in upstream gas supply, marking a significant boost for Nigeria’s energy transition agenda and the Federal Government’s gas sector reforms targeted at strengthening economic prosperity and energy security.
Ojulari described the agreements as a milestone in ensuring a sustainable gas supply.
“These GSAs have opened up opportunities for the growth of our industry both locally and internationally. They are built on collaboration, synergies, and shared opportunities. We must leverage economies of scale, share risks, and unlock opportunities to achieve Mr. President’s ‘Decade of Gas’ vision,” Ojulari stated.
He praised President Bola Ahmed Tinubu for creating an enabling environment for investment, noting that recent executive orders on gas development and ease of doing business have provided critical support to the sector.
Ojulari reaffirmed NNPC Ltd’s readiness to accelerate the realisation of the executive orders, pledging collaboration with industry partners to unlock further opportunities in line with national gas development targets.
In his remarks, NLNG Managing Director Philip Mshelbila described the GSAs as a “game-changer” for Nigeria’s gas industry.
He said the agreements would expand local gas production capacity, improve supply reliability, and advance the nation’s energy security, industrialisation, and economic growth.
“We could not have achieved this without the deliberate and concerted efforts of our shareholders and stakeholders in the Nigerian energy sector. These agreements represent a turning point in NLNG’s journey, restoring supply reliability and keeping us firmly on the path of growth and expansion,” Mshelbila said.
He noted that the GSAs would reinforce Nigeria’s role in the global energy market while ensuring a reliable feed gas supply to the Bonny Island plant and supporting NLNG’s expansion drive.
NLNG is an incorporated joint venture (IJV), with equity shareholding distributed as follows: NNPC Ltd – 49%; Shell Gas – 25.6%; TotalEnergies – 15%; and Eni International – 10.4%.