Chevron signs gas pact with Egbin Power

Chevron Nigeria Limited (“CNL”), operator of the joint venture between the Nigerian National Petroleum Corporation (“NNPC”) and CNL (“NNPC/CNL JV”), has signed a Side Letter to the 2011 Gas Sale and Aggregation Agreement (“GSAA”) with Egbin Power Plc (“Egbin”) and Gas Aggregation Company of Nigeria (“GACN”), bringing the GSAA to a formal start.

The signing ceremony which held recently in Abuja was executed on behalf of the three companies by Sanjay Narasimhalu, Director Downstream Gas, CNL; Morgan Okwoche and Dallas Peavey Jr., Managing Director of GACN and Managing Director of Egbin, respectively.

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, of which the GSAAs are a key component.

Source: Independent

 

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