Gas prices to crash as Nigerian billionaire’s firm partners NNPC to build five mini gas plants
The development comes as NNPC Gas Marketing Limited and BUA Group owned by Abdul Samad Rabiu, inked a deal to develop a 45 million standard cubic feet mini-LNG plant in Ajaokuta.
List of the five mini gas plants
The LNG plants include Prime LNG, NGML/Gasnexus LNG, BUA LNG, Highland LNG, and LNG Arete.
The NNPC disclosed that the groundbreaking event will be held on Thursday, January 30, 2025, stating that it is an essential step in growing Nigeria’s economy.
The plants were designed to deliver cheaper and cleaner energy to businesses and industries nationwide.
They would also drive industrial growth, attract investors, and create direct and indirect jobs.
NNPC signs deal to boost Industrialisation
Legit.ng previously reported that NNPC and BUA Group signed an agreement to develop the LNG plants in Ajaokuta.
The parties described the deal as part of efforts to boost domestic gas use for businesses and industries.
Punch reports that the state oil firm said the signing ceremony at NGML headquarters was attended by the BUA Group Executive Director, Kabiru Rabiu, the Group Chief Legal Officer, Oluseye Alayande, and the NGML Management team.
NNPC said: “This project is set to drive economic growth, support the gas-to-power initiative, and contribute significantly to Nigeria’s evolving energy landscape.”
Source: www.legit.ng
