The Shell Petroleum Development Company (SDPC) Joint Venture and partners on Friday signed a Gas Sales and Purchase Agreement (GSPA) for the Brass Fertiliser and Petrochemical project in Bayelsa State.
This project, according to the statement, is expected to generate over $1.
5 billion annually from exports of fertilizers, petrochemicals, and other gas-based products.
He said achieving this GSPA showcases Nigeria’s business-friendly environment and the government’s commitment to investor-friendly policies.
Mr Okoye emphasised the need to unlock Nigeria’s gas deposits promptly, citing the urgency to utilise gas before it becomes less relevant.
“The JV partners also reaffirmed their commitment to the project’s success, underscoring the importance of collaboration and effective stakeholder engagement to unlock Nigeria’s vast gas potential,” the statement said.
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