The Nigerian National Petroleum Company Limited (NNPCL) has signed a Memorandum of Understanding (MoU) with a Norwegian company, Golar LNG, to install a floating LNG production unit in Nigeria.
The NNPCL disclosed this via its official Twitter handle on Thursday, April 27.
It noted that its Chief Executive Officer, Mele Kyari, signed the MoU with Golar’s chief, Karl Staubo, during a brief ceremony in Abuja.
READ ALSO: NNPCL: We’ve spent $1.1bn on AKK gas pipeline
The NNPCL said this will increase the country’s domestic gas utilisation and enhance gas export.
The Nigerian oil firm said the deal was part of its efforts to deepen Nigeria’s domestic gas utilisation and enhance gas export, but it did not provide any additional information regarding the project.
- Banks begin charges on cash deposits above N500,000 - May 7, 2024
- FIRS chair tasks African tax administrators on local solutions - May 6, 2024
- Cryptocurrency: FG to remove naira from P2P platforms - May 6, 2024
