Photo credit : NNPCL
The Nigerian National Petroleum Company Limited (NNPCL), the Akwa Ibom State government, and the Gas Aggregator Company Nigeria Ltd/GTE (GACN) have signed a $3.5 billion agreement on gas industrialisation in Akwa Ibom.
The deal, which signals the South-South geopolitical zone’s commitment to driving gas industrialisation for shared prosperity, was signed on Monday at the opening session of the South-South Gas Utilisation Forum 2025 in Uyo.
At the event attended by the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, alongside representatives from the Governors of Akwa Ibom, Cross River, and Rivers States, the NNPC Ltd.’s delegation, led by the Executive Vice President, Upstream, NNPC Limited, Udy Ntia, who also serves as the GACN Board Chairman, and the Executive Vice President, Gas, Power, and New Energy, Olalekan Ogunleye, were in attendance.
The Managing Director of GACN, Chijioke Uzoho, and his team convened the forum to rally key stakeholders in the region toward catalysing holistic development through gas industrialisation.
A statement by the NNPCL on Tuesday said the deal signalled the South-South geopolitical zone’s commitment to driving gas industrialisation for shared prosperity.
The GACN recently held its AGM Dinner & Cultural Night on the sidelines of the South-South Gas Utilisation Forum in Uyo, where Ekpo delivered the opening address, emphasising gas as a driver of sustainable growth.
The Commissioner, Ministry of Economic Development, Akwa Ibom State, Emem Bob, represented the State Governor, Pastor Umo Eno. He reinforced regional commitment to gas-driven development.
The Executive Vice President, Upstream, NNPC Ltd., Udy Ntia, who also serves as the GACN Board Chairman, highlighted NNPC Ltd.’s leadership in fostering partnerships to advance gas utilisation for Nigeria’s economic diversification and energy security.
Also in attendance were the NNPC Ltd.’s Executive Vice President, Gas, Power, and New Energy, Olalekan Ogunleye, and the Managing Director of GACN, Chijioke Uzoho
Credit: insidebusiness
