$4.5 Billion Deals Signed at 2026 NOG Energy Week

During the 2026 NOG Energy Week, a record $4.5 billion in deals was signed, underscoring the event's significance in fostering partnerships for Africa's energy growth. Gas and LNG represented the largest share of the total value at approximately 39%.

Notable agreements included a 15-year Gas Sale and Purchase Agreement between NNPC Limited and Seplat Energy Joint Venture with UTM FLNG Limited to supply 200 million standard cubic feet of gas per day, aimed at advancing Nigeria's first floating LNG project towards a Final Investment Decision in Q4 2026. Additionally, ExxonMobil's affiliate, Esso Exploration and Production Nigeria, along with partners Chevron, TotalEnergies, and Nexen, announced a $1 billion investment in the Usan Infill Project, which is expected to add 40,000 barrels per day to Nigeria's output.

NNPC Limited also signed a Memorandum of Understanding and various agreements with Ajaokuta Steel Company Limited and other entities. Engr.

Bashir Bayo Ojulari, GCEO of NNPC Limited, emphasized the importance of these agreements for Nigeria's industrialization.