The Nigerian National Petroleum Corporation (NNPC) and Chevron Nigeria Ltd (CNL) Operator of the NNPC/Chevron Joint Venture have reached agreements on the Escravos Gas-To-Liquid (EGTL) Project. The EGTL Project Settlement Agreements entered into by NNPC and CNL are expected to boost Nigeria’s domestic gas utilisation. The settlement agreements were signed at the NNPC headquarters in Abuja on December 24, 2019, on behalf of the two companies by Mele Kyari, Group Managing Director of the NNPC and Monday Ovuede, Director of the NNPC/CNL Joint Venture, representing Jeffrey Ewing, Chairman/Managing Director of CNL. Mr Ovuede, he noted, added that EGTL is part of an integrated gas development strategy, along with the Escravos Gas Project (EGP3). “EGTL together with EGP3 provides a reliable flares-out solution and remains a critical part of the overall NNPC/CNL Joint Venture gas commercialisation strategy,” he was said to have explained.

Source: Nigerian Tribune December 26, 2019 17:26 UTC