Nigeria Signs Gas Supply Agreement for $3.3bn Brass Methanol Project
The Nigerian National Petroleum Company has finalized a gas sales agreement for the Brass Fertilizer & Petrochemical Company’s methanol project. This agreement, signed with Shell, TotalEnergies, and Agip, marks a crucial step in utilizing Nigeria's gas reserves for industrial growth.
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The Nigerian National Petroleum Company Limited has executed a gas sales agreement for the Brass Fertilizer & Petrochemical Company's $3.3 billion methanol project. The agreement was signed with Shell, TotalEnergies, and Agip in Abuja, nine years post-project announcement.
This milestone aims to enhance Nigeria's industrialization efforts by leveraging its extensive natural gas resources. The implications of this deal could accelerate economic growth and attract further investments in the energy sector.
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