Bayo Ojulari, group chief executive officer (GCEO), the Nigerian National Petroleum Company (NNPC) Limited, says the firm has signed several landmark gas sale and purchase agreements (GSPAs) since the NOG Energy Week 2025.
Speaking at the 25th NOG Energy Week 2026 in Abuja on Tuesday, Ojulari said the gas deals, signed in the last one year, are worth $20 billion.
“This covers 1.29 billion standard cubic feet per day for long-term LNG feed gas and 750 million standard cubic feet per day for domestic industrial gas supply to DFL FZE and Dangote Refinery,” he said.
“These agreements represent more than US$20 billion in associated investments, with seven additional commercial transactions in the pipeline.”
The GCEO also said NNPC has cut its operating costs by $3.4 billion through contract restructuring and optimisation.
Ojulari said the company’s transformation has yielded measurable results.
“We have achieved
