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NOG Energy Week 2026 Sees Over $4.5 Billion in Energy Deals
Photo: Daily Trust
2026-07-27 08:49   Business   10

NOG Energy Week 2026 Sees Over $4.5 Billion in Energy Deals

The 25th Anniversary edition of NOG Energy Week 2026 concluded with over $4.5 billion in energy deals signed, establishing the event as a key platform for Africa's energy growth.

Gas & LNG accounted for 39% of the total value, followed by Upstream (31%), Midstream (16%), Engineering & Technology (10%), and Downstream (4%).

NNPC Limited and Seplat Energy signed a 15-year Gas Sale and Purchase Agreement with UTM FLNG Limited to supply 200 million standard cubic feet of gas daily, positioning Nigeria's first floating LNG project for a Final Investment Decision in Q4 2026.

ExxonMobil's affiliate Esso Exploration and Production Nigeria, along with Chevron, TotalEnergies, and Nexen, committed $1 billion to the Usan Infill Project, expected to add 40,000 barrels per day to Nigeria's output.NNPC also signed MoUs with Ajaokuta Steel Company Limited and Network Entry Agreements with Chevron Nigeria Limited, AGPC, and NEPL.Engr.Bashir Bayo Ojulari, GCEO of NNPC, emphasized that the agreements mark a pivotal moment for Nigeria's industrialization.Sen.

Heineken Lokpobiri, Minister of State for Petroleum Resources, praised the visionaries who created NOG Energy Week to give Nigeria's energy story its own identity.

Full reading at Daily Trust

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