The special purpose vehicle, ANOH Gas Processing Company, coming on the heels of a partnership between the Nigerian National Petroleum Corporation (NNPC) and Seplat Petroleum Development Company will drive the delivering about 3.4 billion standard cubic feet of gas per day by 2020.
However, the scheme is taking off with an initial capacity of 300 million standard cubic feet per day in Imo State.
In an interview, the Group Managing Director of NNPC, Dr Maikanti Baru disclosed that the corporation would do everything possible to ensure that the project was successfully delivered.
The gas processing plant was designed with a capacity to deliver between three billion and 3.4 billion standard cubic feet of gas daily.
According to him, “Following the execution of Heads of Terms by the Nigerian Gas Processing and Transportation Company on behalf of the NNPC, Seplat and AGPC on December 19, 2017, the steering committee for the AGPC project has provided the leadership and broad guidance for the development and finalisation of the various commercial agreements required to underpin the project”.
Also, the Chief Executive Officer of Seplat, Austin Avuru, described the ANOH Gas Processing Plant as a landmark project which captured the essence of the gas infrastructure development initiative of the Federal Government.
According to him, the AGPC would deliver the project within the next 18 months and achieve its objective of being a key gas supplier to both the domestic and export market.
The agreements signed include those between the AGPC Shareholders Agreement between the AGPC, NGPTC and Seplat; the AGPC Share Subscription Agreement between AGPC, NGPTC and Seplat; the Wet Gas Sales and Purchase Agreement between the NNPC, Seplat and AGPC; the Gas Sale and Purchase Agreement between the AGPC and Nigerian Gas Marketing Company; and the Gas Marketing Agreement between AGPC and NGMC.
Business Hilights recalls that the Nigerian Gas Processing and Transportation Company and the Nigerian Gas Marketing Company are all gas and power subsidiaries of the NNPC.
