National Economy
Sunday, July 20, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home Business

Gas Supply, Purchase Deal For Brass Methanol Project Holds In May

by Chika Izuora
1 year ago
in Business, News
Reading Time: 2 mins read
Gas
Share on FacebookShare on TwitterShare on Telegram

The Gas Supply and Purchase Agreement (GSPA) to support the Final Investment Decision (FID) for the Brass Methanol Project is to be executed by May, 2024.

Minister of state, Petroleum Resources (Gas), Ekperikpe Ekpo, announced this on Wednesday after a meeting held with key stakeholders of the project in Abuja.

The meeting was to confirm adequate gas supply to the Brass Methanol Project by the NNPC/Shell/TotalEnergies/NAOC Joint Venture (JV), as well as determine the next steps to conclude and execute the GSPA and mature the phase 2 of gas supply to the project.

Present at the meeting were; the head of Joint Venture (JV), Investment Management, NNPC Upstream Investment Management Services, Mr. Olanrewaju Igandan; Deputy Managing Director, Nigerian Agip Oil Company (NAOC), Mr. Richard Orianzi; Managing Director, Shell Petroleum Development Company Nigeria, Mr. Osagie Okunbor; Managing Director of Brass Fertilizer and Petrochemical Ltd, Mr. Ben Okoye, among others.

You May Like

Bello Pushes Digital Upskilling For Artisans, Technicians At Bauchi Forum

Meta Deletes 10m Fake Profiles In Recent Crackdown

Ekpo, at the meeting, informed the officials of President Bola Tinubu’s strong interest in resolving issues relating to gas supply to the Brass Methanol Project.

He said the president was passionate about the speedy kick off of the project so that it could bring in the much needed FDI with attendant economic benefits to the country.

“Mr. President is very passionate about this project and wants something positive to happen in respect of the Brass Methanol project before the end of May this year,” Ekpo said.

The Brass Methanol Project, located on Brass Island in Bayelsa State, is sponsored by Brass Fertilizer & Petrochemical Company Limited (BFPCL).

The $3.8billion project is made up of a gas processing plant, and methanol production and refining plant, product export facilities, among others.  

At the end of the meeting, Ekpo announced he had successfully resolved the GSPA issue as the deal would be sealed by May that the NNPC/SPDC JV partners are now fully committed to uninterrupted gas supply for the development of the project. 

 

Tags: Brass MethanolEkperikpe EkpoGas SupplyProject
ShareTweetShare
Previous Post

$1trn Economy: NEXIM To Halt Support For Raw Exports

Next Post

Fitch Affirms Ecobank Transnational Incorporated’’s Rating at ‘B-‘

ANOTHER GOOD READ

Bello Pushes Digital Upskilling For Artisans, Technicians At Bauchi Forum
News

Bello Pushes Digital Upskilling For Artisans, Technicians At Bauchi Forum

1 day ago
Meta Deletes 10m Fake Profiles In Recent Crackdown
Business

Meta Deletes 10m Fake Profiles In Recent Crackdown

3 days ago
Dangote Hails Tinubu Over NNPCL Leadership Choice
News

‘Africa Now Dumping Ground For Substandard Fuel’, Dangote Laments

3 days ago
NIS Launches Digital Platform For Expatriate Residence Permit Applications
Business

NIS Launches Digital Platform For Expatriate Residence Permit Applications

3 days ago
Oyetola Vows To End Fish Importation
Business

Oyetola Vows To End Fish Importation

3 days ago
‘Nigeria’s BRICS Membership Will Unlock Global Markets For Local Innovators’
News

‘Nigeria’s BRICS Membership Will Unlock Global Markets For Local Innovators’

6 days ago
Next Post
Fitch Affirms Ecobank Transnational Incorporated’’s Rating at ‘B-‘

Fitch Affirms Ecobank Transnational Incorporated’’s Rating at ‘B-‘

Most Recent

Bello Pushes Digital Upskilling For Artisans, Technicians At Bauchi Forum

Bello Pushes Digital Upskilling For Artisans, Technicians At Bauchi Forum

July 19, 2025
Meta Deletes 10m Fake Profiles In Recent Crackdown

Meta Deletes 10m Fake Profiles In Recent Crackdown

July 17, 2025
Dangote Hails Tinubu Over NNPCL Leadership Choice

‘Africa Now Dumping Ground For Substandard Fuel’, Dangote Laments

July 17, 2025
NIS Launches Digital Platform For Expatriate Residence Permit Applications

NIS Launches Digital Platform For Expatriate Residence Permit Applications

July 17, 2025
Oyetola Vows To End Fish Importation

Oyetola Vows To End Fish Importation

July 17, 2025
Where Is The Fighting Ground Of Fintech Firms?

Where Is The Fighting Ground Of Fintech Firms?

July 14, 2025
FIFA Opens Office In Trump Tower

FIFA Opens Office In Trump Tower

July 14, 2025
Delta Gears Up For Groundbreaking CNS Swimming Championship

Delta Gears Up For Groundbreaking CNS Swimming Championship

July 14, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy