News Express banner Camano banner
Dangote, Chevron Nigeria sign historic agreement on gas supply

By News Express on 15/03/2019

Views: 406


Dangote Fertilizer Limited has entered into a long-term agreement with Chevron Nigeria Limited (CNL) for the delivery of Natural Gas from Chevron’s supply portfolio to the fertilizer plant, which is poised to start operations soon.

The contract, under the Gas Sale and Aggregation Agreement (GSAA) is part of International Oil Company (IOC)’s gas obligation to the domestic market through the Gas Aggregation Company Limited (GACN).

The signing ceremony, held at the Department of Petroleum Resources (DPR) office in Lagos, was executed on behalf of the parties by Group Executive Director, Strategy, Capital Projects & Portfolio Development, Dangote Industries Limited, Devakumar Edwin; Chairman/Managing Director, Chevron Nigeria Limited (CNL), Jeffrey Ewing; Head, Gas Monitoring & Regulation Division, Department of Petroleum Resources (DPR), Sanya Bajomo; and Managing Director/CEO, Gas Aggregation Company Nigeria Limited (GACN), Engr. Morgan Okwoche.

Dangote Fertilizer Limited, which is ready to be commissioned before the end of this year, will produce 3.0 million metric tonnes per annum (mmtpa) of Urea.

The fertilizer plant consists of twin train, with each single train having a capacity of 1.5 million tonnes per annum of Urea and Ammonia, which makes each of them the largest train available in the world. Hence the total capacity of the plant is 3 million tonnes per annum, and it sits on an area of 500 hectares.

Speaking at the signing ceremony, Group Executive Director, Strategy, Capital Projects & Portfolio Development, DIL, Devakumar Edwin, commended the Managing Director of GACN for his role in the new business relationship between Dangote Fertilizer Limited and Chevron Nigeria Limited.

He said the company is looking forward to having a long-term relationship with Chevron Nigeria Limited as well as synergies in other upstream and wider areas of operations in the oil and gas sector.

Chairman/Managing Director, CNL, Jeffrey Ewing commended GACN, DPR for helping with the signing of the gas supply agreement. He said: “We are looking forward to working with Dangote Fertilizer and maintaining a good relationship with the company. This agreement is very important for the country and Chevron is committed to Nigeria’s economic development.”

The Managing Director/CEO, GACN, Morgan Okwoche, expressed delight to be part of the domestic gas agreement. “This is the beginning of fruitful relationship between Dangote Fertilizer Limited, Chevron Nigeria Limited and other parties. I am excited that this is happening during my term in office. You cannot imagine my satisfaction in having this contract signed at this time,” he said.

Head, Gas Monitoring & Regulation Division, DPR, Sanya Bajomo, said: “I am glad that GACN, Chevron and Dangote have signed this gas supply agreement. I want to say that this gas supply agreement is an issue of national interest and what happened today is going to be transmitted to the presidency. I believe everybody is going to benefit from this agreement when the fertilizer plant starts operation.”

L-R: Chairman/Managing Director, Chevron Nigeria Limited (CNL), Jeffrey Ewing; Managing Director/CEO, Gas Aggregation Company Nigeria Limited (GACN), Engr. Morgan Okwoche; Head, Gas Monitoring & Regulation Division, Department of Petroleum Resources (DPR), Sanya Bajomo; and Group Executive Director, Strategy, Capital Projects & Portfolio Development, Dangote Industries Limited, Devakumar Edwin, at the signing of Gas Supply and Aggregation Agreement (GSAA) between CNL, GACN and Dangote Fertilizer Limited on Monday, February 25, 2019 

Source News Express

Posted 15/03/2019 05:19:24 AM

 

 

CLASSIFIED ADS

 

You may also like...
Navy urges Niger Delta communities to seize FG’s...

Over 26,000 YouWiN-based jobs under threat

Shoot to kill: Why Army must never obey...

Police reads Riot Act to Rivers APC, Wike’s...

FG committed to strengthening capacity of polytechnics —...

Twitter CEO’s accounts hacked

Dasuki takes case to God •Says: I’m being...

Buhari condoles CAN over death of its Gen....

Nigerian buys legendary Hollywood star Arnold Schwarzenegger’s car...

Pinnick, Rohr, Kida, Agbamu, Mala-Kakaje, Onyedinma, Okumagba, Idahosa...

Come for your cheques, Imo Govt. tells Youth...

I miss the national team —Ex-Dream Team ’keeper...

 

Latest News 19 students commit suicide for failing exams 19,323 applicants jostle for less than 500 PTDF oversees scholarships 10 Nigerians arrested for drug peddling in Italy FG approves N52bn for e-monitoring of porous borders Suspected herdsmen kidnap 2 Chinese workers in Ebonyi El-Zakzaky: Shiites take protest to United Nations Nigerian pirates abduct six sailors Osun Guber: Senator Adeleke’s life under threat, PDP cries out Insecurity: Senate summons Acting IGP Group plans support, scholarship for 1,000 orphans in Nigeria Crisis looms in APGA; Northern Stakeholders demand national chairmanship position NAF bombers kill insurgents, destroys vehicles in Sambisa Forest

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (471,743 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (415,513 views) Shameless Genevieve Nnaji exposes breasts in public (353,086 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (302,219 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (266,578 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (239,355 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (226,428 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (207,982 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (197,172 views) 10 cars more expensive than Jets (190,192 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (179,373 views) Lagos plane crash: Journalist releases victims’ names (178,899 views)

 

UBA Wise Savers Promo

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (88) Business & Economy (4,218) Business Verdict (66) Columnists (1,020) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (607) Features (746) Global Business Monitor (344) ICT Monitor (39) International (3,364) Interview (176) Live Commentary (29) Love Matters (156) Maggie's Blog (236) News (45,333) Opinion (1,228) Pidgin (17) Politics (10,648) Religion (985) Sports (1,971) Stock Watch (39) AMA & Al Jazeera Global Update

 

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera