By Ogenyi Ogenyi, Uyo
The Nigerian National Petroleum Company Limited (NNPC).has announced a Final Investment Decision(FID) of $3.5B meant to support the development of vital gas infrastructural projects.
This is even as the state government has signed a Memorandum of Understanding with the Gas Aggregator Company of Nigeria meant to establish a strategic framework to promote the state as a natural gas development and industrial investment destination.
NNPC’s Executive Vice President (Gas)), Mr. Olalekan Ogunleye, whoadr this known on Monday at the South South Gas Utilization Forum in Uyo stated that the $3.5 billion commitment would also support an inter-county gas pipeline, offshore-to-land gas delivery systems, a methanol plant, a fertilizer plant, and a floating Liquefied Natural Gas (LNG) facility.
.in his remarks, Governor Umo Eno
described the investment package as a strategic leap towards energy based prosperity adding that the summit would renew collective resolve to harness gas for industrialization, domestic energy use, economic growth, and inclusive development.
“Akwa Ibom is committed to creating an enabling environment for investment, ensuring adherence to environmental standards, and delivering tangible benefits to our host communities.” Eno stated.
Minister of State for Petroleum Resources (Gas), Mr Ekperikpe Ekpo, described the summit as a milestone in Akwa Ibom’s journey toward becoming an energy and industrial powerhouse.
“This is more than a meeting—it is a declaration of intent and a roadmap to gas-based prosperity,” Minister Ekpo said. “Governor Eno’s vision aligns perfectly with President Bola Ahmed Tinubu’s Gas to Prosperity – Renewed Hope Agenda.” Ekpo stated.
The Minister noted that although the South-South remained the heart of Nigeria’s gas production, the region must now evolve from a resource base to a center of value addition, innovation, and inclusive growth.
Our Correspondent reports that the MOU would also provide for the development of a robust Akwa Ibom State Gas Master Plan (AKS-GMP), with a focus on data mapping, infrastructure planning, and demand forecasting.
In addition, the MoU commits both parties to promoting domestic gas-based industries through transparent and commercially viable access to gas supply and would support the development of virtual pipeline solutions—such as Compressed Natural Gas (CNG), Liquefied Petroleum Gas (LPG), and LNG—for both industrial and domestic use.
The agreement further aligned with national goals on energy transition and decarbonization under the Federal Government’s Decade of Gas initiative and climate change agenda.
