223 investors from within and outside Nigeria have indicated interest in lifting the country’s natural gas liquids, NGLs, a report by Nairametrics has confirmed.
The Nigerian National Petroleum Corporation disclosed this yesterday when it opened the bids submitted by companies at the 2019/2021 Natural Gas Liquids bids opening ceremony in Abuja.
According to the NNPC’s Group Managing Director, Maikanti Baru, the Government plans to enlist reputable and eligible firms to off-take the natural gas liquids for the local and international markets. It also intends to ensure that the selection of off-takers aligns with proven, transparent, and accountable procedures in conformity with the Public Procurement and Nigerian Content Act.
According to the NNPC, this marks an increase in the number of bidders compared to what obtained during previous bidding rounds. Although the total volume of bids was not disclosed.
“I can assure that they are volumes that are beyond the demand of this nation,” Baru added.