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NNPC Ltd. Advances Floating LNG Project in Partnership with Golar LNG

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#### Signs PDA on 400-500mmscf Gas Deal, Aims for FID by December 2024

NNPC Limited has taken a significant step forward in monetizing Nigeria’s extensive natural gas resources by signing a Project Development Agreement (PDA) with Golar LNG. This agreement will facilitate the deployment of a Floating Liquefied Natural Gas (FLNG) facility offshore in the Niger Delta, Nigeria.

The signing ceremony, held on June 10, 2024, saw key executives from both organizations in attendance. Representing NNPC Limited were Chief Financial Officer Umar Ajiya, Executive Vice President of Gas Power & New Energy Olalekan Ogunleye, and Executive Vice President of Upstream Mrs. Oritsemeyiwa Eyesan. Golar LNG was represented by CEO Karl Fredrik Staubo.

This PDA represents a major milestone in the effort to commercialize Nigeria’s gas reserves, aligning with President Bola Ahmed Tinubu’s strategy to boost the nation’s economic prosperity through accelerated gas asset commercialization. The agreement focuses on monetizing significant proven gas reserves from shallow water resources offshore Nigeria, aiming to process approximately 400-500mmscf/d to produce LNG, LPG, and condensate.

Both NNPC Limited and Golar LNG are committed to reaching a Final Investment Decision (FID) by the end of the fourth quarter of 2024, with the goal of achieving first gas by 2027.

Golar LNG Limited is a prominent independent owner and operator of LNG infrastructure, which includes carriers, floating storage and regasification units (FSRUs), and floating liquefaction (FLNG) vessels. This collaboration with NNPC Limited is set to enhance Nigeria’s capability to efficiently utilize its natural gas resources.

 

NNPC Limited and Golar LNG are dedicated to advancing Nigeria’s gas sector through strategic partnerships and innovative solutions, paving the way for future energy developments and economic growth.

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Afrimash Urges Poultry Farmers to Embrace Best Practices, Stresses Odor Control

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Afrimash Nigeria, an agritech firm based in Ibadan, Oyo State, and known for its commitment to supporting the agricultural sector with top-notch services and products, is shining a spotlight on the importance of odor control in poultry farming. The company, which prides itself on helping farmers achieve sustainable success, is now calling attention to an issue that is often underestimated but critical to the health of farms and their surrounding communities.

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