Chevron restates commitment to Nigeria  development … Signs Agreement with Egbin Power PLC, GACN

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CHEVRON Nigeria Ltd (CNL), operator the Nigerian National Petroleum Corporation (NNPC) and CNL Joint Venture (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 held recently at the Transcorp Hilton Hotel in Abuja and 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.
TribuneOnline reports that 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.
CNL’s General Manager, Policy Government & Public Affairs (PGPA), Mr Esimaje Brikinn, in a statement, said it was a demonstration of more than a few pioneering initiatives that the NNPC/CNL JV has made to enable the implementation of the Nigerian Gas Master Plan, of which the GSAAs are a key component.
Significantly, he noted that the NNPC/CNL JV, Egbin and GACN were able to 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’s gas obligation under the Egbin GSAA is 145MMBtu/d which is expected to be delivered to Egbin’s transporter, the Nigerian Gas Company (NGC) at the delivery point.
NGC, the transporter, will be responsible for transporting the gas to Egbin’s facilities.
The Egbin GSAA is seen as yet another effort by the NNPC/CNL JV to reinforce its commitment to supporting the socio-economic development of Nigeria by maintaining its leadership role in domestic gas supply.

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