Natural Gas in Africa
Nigeria Signs Natural Gas MoU with Equatorial Guinea
The MoU set to utilize Equatorial Guinea’s infrastructure to deliver Nigeria’s stranded gas.
Menu
Read the latest Archives of oil, gas and energy news.
The MoU set to utilize Equatorial Guinea’s infrastructure to deliver Nigeria’s stranded gas.
H.E. President Muhammadu Buhari has committed to reducing emissions by 20% by 2030.
Achieving this will solidify the country’s potential of becoming a predominantly gas nation.
The NNPC, GACN, and Nasarawa State Government signed an MoU for the supply of gas to industries in the north-central state of Nigeria.
Ed Ubong, President of the NGA and Managing Director of Shell Nigeria Gas, is confirmed as a speaker at the two-day event that connects American stakeholders with African energy opportunities.
This downward review in gas price pricing will lead to more electricity supply.
The project will be funded under a debt-equity financing model, backed by a sovereign guarantee to be repaid through the pipeline transmission tariff.
The MoU is expected to be a major step towards revitalizing Nigeria’s economy.
As sub-Saharan Africa’s leading oil producer, Nigeria is expected to commence operations on 100 oil and gas projects between 2021 and 2025. According to data from
