FIRST E&P Signs Long-Term Gas Supply Agreement with NLNG

FIRST E&P Signs Long-Term Gas Supply Agreement with NLNG
… Supporting Nigeria’s ‘Decade of Gas’ Vision and Energy Transition Agenda

The Nigerian National Petroleum Company Limited (NNPC Ltd.)/FIRST Exploration and Petroleum Development Company (FIRST E&P) Joint Venture on PML 53 and PML 54 has signed a long-term Gas Supply Agreement (GSA) with the Nigeria Liquefied Natural Gas Limited (NLNG) for the delivery of 100 million standard cubic feet per day (mmscf/d) of Feedgas to the NLNG plant on Bonny Island.

The 10-year agreement, with extension options, represents a significant milestone in FIRST E&P’s gas commercialisation journey and underscores the company’s commitment to contributing to Nigeria’s energy transition and the Federal Government’s gas-led industrialisation agenda.

The signing ceremony was held at the NNPC Towers, Abuja, on Friday, 22nd August 2025.

Speaking at the event, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd.), Engr. Bashir Bayo Ojulari, described the GSAs as a giant step towards ensuring sustainable gas supply and creating value for the Nigerian economy. He commended the Federal Government and NLNG’s shareholders for their commitment to Nigeria’s gas development, enabled by the supportive policy environment fostered by President Bola Ahmed Tinubu.

Also commenting, NLNG’s Managing Director, Dr. Philip Mshelbila, described the GSAs as a turning point for the country’s gas sector, noting that they will enhance supply reliability, expand local gas production capacity, and reinforce Nigeria’s role in the global energy market.

In his remarks, FIRST E&P’s Executive Director, Corporate Services, Emmanuel Etomi, said: "We are delighted to have signed this landmark GSA. It represents a major step for FIRST E&P, a critical achievement in the history of Nigeria’s gas sector, and a milestone in the nation’s journey towards energy security and industrial growth. The agreement, which took over a year of dedicated collaboration to conclude, reflects the professionalism and commitment of the NNPC/FIRST E&P JV and NLNG. With our strategic focus on gas development and commitment to long-term supply, we will help ensure the reliability of feedgas to the NLNG plant, supporting its expansion drive and further strengthening Nigeria’s position in the global energy market."

As part of its commitment to Nigeria’s energy transition, FIRST E&P is unlocking the gas potential of its existing assets to build a sustainable gas business. Supply to NLNG will commence from the company’s PML 53 and PML 54 fields by late 2026, with volumes targeted to grow to 500+ MMscf/d in subsequent phases. To support this ambition, FIRST E&P is investing in the development of critical infrastructure to aggregate, process, and distribute offshore stranded gas, thereby creating value for both regional and export markets.

Read NNPC’s press release on the signing of the GSAs here