A firm has secured a 15-year Gas Sale and Purchase Agreement (GSPA) to supply natural gas for a liquefied natural gas project in Nigeria.
The deal represents a concrete step toward monetizing the country's abundant but underutilized gas reserves, which have long been flared or left stranded due to infrastructure gaps.
The agreement aligns with broader efforts to integrate Nigeria more deeply into the global LNG market.
With international demand for cleaner-burning fuels rising and supply chains remaining tight following recent disruptions elsewhere, new long-term supply contracts from West Africa carry strategic weight for importers seeking diversified sources.
This development follows earlier moves by UTM Floating Liquefied Natural Gas to secure similar long-term supply arrangements, signaling growing investor confidence in Nigeria's floating LNG model.
The approach allows for faster deployment compared to traditional onshore liquefaction terminals, reducing capital risk and accelerating time to market.