Global energy company the Nigerian National Petroleum Company (NNPC) Ltd. met with a consortium of South Korean investors to explore investment prospects within Nigeria’s gas market.
The discussions are expected to enable the signing of a Memorandum of Understanding and pave the way for greenfield investments in Nigeria’s gas sector while driving various natural gas projects in the country.
“The talks were aimed at deepening NNPC Ltd.’s drive to tap into the nation’s vast gas resources to be a supplier of clean and affordable energy to the global market,” stated NNPC in a press statement.
The meeting, which took place in Seoul and included manufacturing and engineering conglomerate Daewoo, aligns with Nigeria’s efforts to attract foreign direct investments to expand the gas industry.
