Chevron reinforces commitment to nation’s socio-economic development
Chevron Nigeria Limited, operator of the joint venture between the Nigerian National Petroleum Corporation (NNPC/CNL JV), has signed a Side Letter to the 2011 Gas Sale and Aggregation Agreement (GSAA) with Egbin Power Plc and Gas Aggregation Company of Nigeria (GACN), bringing the GSAA to a formal start.
The signing ceremony was executed on behalf of the three companies in Abuja by Sanjay Narasimhalu, Director Downstream Gas, CNL; Morgan Okwoche, Managing Director of GACN and Dallas Peavey Jr., Managing Director of Egbin Power Plc.
The Egbin GSAA has been identified as the first in the country to be successfully made effective between a gas supplier and a power plant. It is a demonstration of more than a few pioneering initiatives that the NNPC/CNL JV has made to enable implementation of the Nigerian Gas Master Plan, which the GSAAs are a key component.
With the agreement signed, the NNPC/CNL JV, Egbin and GACN will bring the Egbin GSAA to a formal start, in support of the Federal Government’s efforts to significantly improve the power situation in the country.
The NNPC/CNL JV gas obligation under the Egbin GSAA is 145MMBtu/d. The gas will be delivered to Egbin’s transporter, which is the Nigerian Gas Company at the delivery point, and the transporter will be responsible for transporting the gas to Egbin’s facilities.
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