NNPC signs deal with Shell, Total, Agip to supply gas to $3.3 billion Brass Methanol plant

Oct. 12, 2024 - Nairametrics

The Nigerian National Petroleum Corporation (NNPC) Limited, in collaboration with partners Shell, TotalEnergies, and Agip, has finalized a significant deal to supply gas to the methanol-manufacturing plant of Brass Fertilizer & Petrochemical Company Ltd. Brass Fertilizer & Petrochemical Company recently announced an agreement with COSCO Shipping Lines Co.

Ltd. To acquire 16 new methanol-powered vessels, which will transport products from its methanol plant to international markets.

BackstoryAt the recently concluded Forum on China-Africa Cooperation, China Road and Bridge Corporation (CRBC) signed a key agreement with Nigeria’s Brass Fertilizer and Petrochemical Company Ltd. The Brass Oil and Gas City project seeks to establish Nigeria as a leading hub for downstream oil and gas manufacturing and industrial activities in Africa.

So far, $3.5 billion has been committed to various projects within the Brass Oil and Gas City.

..