Chevron Nigeria signs gas aggregation agreement deal with Dangote fertiliser limited

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Chevron Reinforces its Commitment to Socio-Economic Development of Nigeria

Lagos, March 12, 2019: The Nigerian National Petroleum Corporation (“NNPC”) and Chevron Nigeria Limited (“CNL”) have signed a Gas Sale and Aggregation Agreement (“GSAA”) with Dangote Fertilizer Limited (“DFL”) and Gas Aggregation Company of Nigeria Limited (“GACN”) as the ‘Aggregator’.

The agreement was executed on behalf of the three companies by Jeffrey Ewing, Chairman/Managing Director of CNL; Morgan Okwoche, Managing Director/CEO of GACN; and Devakumar Edwin, Group Executive Director, Strategy, Capital Projects & Portfolio Development of DFL, respectively. (NNPC executed the GSAA subsequently.)

NNPC and CNL are obligated to supply 70mmScf/d of natural gas to Dangote Fertilizer Limited to enable start up and operation of the newly built fertilizer plant.

The Dangote Fertilizer Plant at Ibeju Lekki, Lagos, is a flagship mega fertilizer project designed to support the Federal Government’s drive to develop the agricultural sector and in-turn improve the Nigerian economy. Natural gas is the feedstock of the Dangote Fertilizer Plant. This GSAA for the supply of the major raw material needed to run the fertilizer plant is another demonstration of the NNPC/CNL JV’s commitment to the domestic gas market.

The NNPC/CNL Joint Venture (JV) is currently the largest and most on-spec supplier of gas to the domestic market. The JV continues to collaborate extensively with other stakeholders in finding creative solutions to issues relating to the domestic gas market.

The NNPC/CNL JV is committed to supporting the Federal Government of Nigeria’s policy to boost local industries.

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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