The Federal Government, through the Nigerian National Petroleum Company Limited, has signed an agreement to begin sales of gas to the methanol-manufacturing project of the $3.3bn Brass Fertilizer & Petrochemical Company Ltd.
The gas sales-and-purchase agreement was signed with Shell, TotalEnergies and Agip on Friday in Abuja, nine years after the project was first announced.
“The project is expected to generate more than $1.
5bn annually from exports of fertilisers, petrochemicals, and other gas-based products on completion.
NNPCL and its partners are expected to deliver an estimated 270 million standard cubic feet of gas daily to the project, located on Brass Island in southern Bayelsa state.
The Executive Vice President of Upstream NNPC, Oritsemeyiwa Eyesan, said the agreement will progress one of the vital boxes to achieve a 10,000-methanol plant in Nigeria...
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