Akwa Ibom To Become Top Gas Destination As NNPC Invests $3.5bn

Akwa Ibom To Become Top Gas Destination As NNPC Invests $3.5bn

Indications have emerged that Akwa Ibom State would soon become a top gas-based industrial destination. This followed the signing of a landmark Memorandum of Understanding (MoU) by the administration of Governor Umo Eno  and the Aggregator Company of Nigeria (GACN), which triggered a $3.5 billion Final Investment Decision (FID) by the Nigerian National Petroleum Company Limited (NNPCL). Represented by his deputy, Senator Akon Eyakenyi, the gover…

Akwa Ibom, NNPCL, GACN sign $3.5bn gas deal

The Nigerian National Petroleum Company Limited (NNPCL) stated it has signed a $3.5 billion Memorandum of Understanding (MoU) with the Akwa Ibom State government and the Gas Aggregator Company of Nigeria (GACN). In a statement made available yesterday, the company disclosed that the ceremony was held during the opening session of the South-South Gas Utilisation […] The post Akwa Ibom, NNPCL, GACN sign $3.5bn gas deal first appeared on Business H…