The deal, signed in Abuja, will see NNPC and Seplat supplying 5.7 million cubic metres of gas per day to the UTM FLNG project, which is set to produce 1.8 million tonnes of LNG per year.
Indigenous oil firm Seplat is now moving towards achieving its expansion goal with more asset acquisition as the federal government appears ready to resolve the impasse that almost denied the firm a deal with ExxonMobil.