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Electricity: FG Makes $120m Payment Towards $1.3b Gas Debt

During the 7th Nigeria International Energy Summit (NIES 2024) held in Abuja, the Director of the Decade of Gas Secretariat, Ed Ubong, announced that the Federal Government has initiated the repayment process for the $1.3 billion owed to gas firms for the supply of gas to power plants across Nigeria. Ubong revealed that a payment […]

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JUST IN: NNPC, Indorama Sign $7 Billion Gas Supply Agreement

The Nigerian National Petroleum Company (NNPC) Ltd. has entered into a historic $7 billion gas supply Memorandum of Understanding with Indorama Eleme Petrochemicals Limited, solidifying their commitment to advancing the utilization of natural gas by large-scale industries. Nigeria is currently in the midst of a decade-long gas policy initiative, with the goal of leveraging its […]