FG to execute FID for $3.8b Brass methanol project in May

The Gas Supply and Purchase Agreement to support the Final Investment Decision for the $3.8 billion Brass Methanol Project is to be executed by May 2024.

Ekpo said the meeting was to confirm adequate gas supply to the Brass Methanol Project by the NNPC/Shell/TotalEnergies/NAOC Joint Venture , as well as determine the next steps to conclude and execute the GSPA and mature phase 2 of gas supply to the project.Present at the meeting were the Head of Joint Venture , Investment Management, NNPC Upstream Investment Management Services, Mr. Olanrewaju Igandan; Deputy Managing Director, Nigerian Agip Oil Company , Mr.

According to the minister, the President was passionate about the speedy kick-off of the project so that it could bring in the much-needed FDI with attendant economic benefits to the country.Ekpo said: “Mr. President is very passionate about this project and wants something positive to happen in respect of the Brass Methanol project before the end of May this year.”The $ 3.

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gas Supply, Purchase Agreement for Brass Project To Be Executed In MayEkperikpe Ekpo, Minister of State Petroleum Resources (Gas), has said the Gas Supply and Purchase Agreement (GSPA) to support the Final Investment Decision (FID) for the Brass Methanol Project, will be signed in May 2024.
Source: channelstv - 🏆 7. / 63 Read more »

FID On $25bn Nigeria-Morocco Gas Pipeline To Be Taken In December- KyariThe Latest News from Nigeria and Around the World
Source: channelstv - 🏆 7. / 63 Read more »

Newspaper Headlines: FG may get $1bn Afreximbank loan in MayReports on the measures taken by the Central Bank of Nigeria (CBN) to protect the stability of naira, and the probe of Betta Edu, suspended minister of humanitarian affairs, dominate the cover pages of Nigerian newspapers.
Source: thecableng - 🏆 2. / 80 Read more »

Rivers United may host Confederation Cup final’s first leg May 12Nigeria’s sole surviving club in CAF’s inter-club competitions, Rivers United, are billed to host the first leg of the Confederation Cup final if they qualify for the title game.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Police Arrest 12 Most Wanted Suspects in Abuja 'One Chance' Robbery SyndicateOperatives of the Force Intelligence Department – Intelligence Response Team (FID-IRT) have dismantled criminal operations of 'one chance' armed robbery syndicates in Abuja with the arrest of 12 most wanted suspects.
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Why N1 million minimum wage may not be enoughA Trusted Nigerian Newspaper
Source: NigeriaNewsdesk - 🏆 10. / 63 Read more »