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NNPC Ltd begins liquefied gas supply to Japan, China

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The Nigerian National Petroleum Company Limited (NNPC Ltd.) has begun shipment of Liquefied Natural Gas (LNG) cargoes to Japan and China on Delivered Ex-Ship (DES) basis.
Mr Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd., quoted Mr Segun Dapo, the Executive President, Downstream, NNPC Ltd., as saying this in a statement in Abuja on Monday.

Dapo was quoted as saying that the development was in line with the company’s strategic vision to be a reliable global energy supplier.

“Apart from being more financially rewarding, the DES system allowed NNPC Ltd. to inroad into the downstream segment of the LNG sector,” he said.

The News Agency of Nigeria (NAN) reports that the Delivered Ex-Ship (DES) is an international commercial term that requires the seller to deliver the products/goods at a specific port.

The seller takes responsibility for the shipping and insurance for the products/goods until they get to the specified port of delivery.

It requires expertise and a higher level of efficiency to execute, than the Free on Board (FOB) system.

Soneye also quoted Dapo as saying that the NNPC Ltd. achieved the milestone in collaboration with two of its downstream subsidiaries.

He listed the subsidiaries as NNPC LNG Ltd and NNPC Shipping Ltd.

He said it delivered its first DES LNG cargo from the 174,000m³ LNG vessel Grazyna Gesicka at Futtsu, Japan, on June 27, 2024.

“Since then, it has expanded its footprint to China with the delivery of one LNG cargo on DES basis.

“NNPC Ltd. has been involved in LNG trading since 2021 with its first LNG cargo sale in November of that year. It has since traded over 20 cargoes into the European and Asian markets on FOB basis.

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“It will position the NNPC Ltd. to capture more market shares while building in-house capacity and ensuring that global customers are familiar with the NNPC Ltd brand,” he said.

According to Dapo, the collaboration between NNPC LNG Ltd. and NNPC Shipping Ltd. in executing the LNG supplies on DES basis has strengthened the latter’s position as a world class shipping provider in the LNG sector.

The Managing Director of NNPC Shipping, Mr Panos Gliatis, was also quoted as saying that the NNPC Shipping intended to build a shipping portfolio (including owned vessels) to provide the sister company and other clients all the shipping flexibilities they needed.

NNPC LNG Ltd., in collaboration with NNPC Shipping Ltd. is scheduled to deliver at least two more LNG cargoes to the Asian market on DES basis by November.

More orders are expected before the end of year. (NAN

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JUST IN: IGP Withdraws Invitation to Sanusi

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The Inspector-General of Police, Kayode Egbetokun, has withdrawn the invitation extended to the Emir of Kano, Alhaji Muhammadu Sanusi.

The police chief, however, directed the Kano State command of the force to obtain the monarch’s statement in the State regarding the incident.

Egbetokun, who gave the directive through the spokesman of the police, Olumuyiwa Adejobi, said the withdrawal became imperative following the intervention of some stakeholders in the country.

The top cop also said his resolve was in line with the police’s commitment to ensuring that policing actions are not politicized or misinterpreted.

Details shortly…

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Unity and Accurate Reporting Essential to End Plateau Violence, Says NSA

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Nuhu Ribadu, the National Security Adviser (NSA), has called on communities in Plateau to take proactive steps towards restoring peace, asserting that it is time to collectively declare an end to the ongoing violence that has plagued the state for many years.

During a condolence visit to Jos on Sunday, representing President Bola Ahmed Tinubu, Ribadu expressed the president’s profound sorrow regarding the recent attacks in Bokkos Local Government Area, which resulted in numerous fatalities and the displacement of families.

“On behalf of President Bola Ahmed Tinubu, I am here to convey his heartfelt condolences to the people of Plateau in light of the recent crisis we have experienced,” he stated.

While acknowledging the prompt actions taken by security forces, the NSA emphasized that achieving lasting peace requires more than just military intervention. He urged residents, who have coexisted for generations, to engage in dialogue, foster unity, and seek reconciliation.

Ribadu noted that while the frequency of attacks has diminished compared to previous years, unresolved tensions still create opportunities for criminal activities.

“Our security forces are performing admirably. However, our communities have the potential to do even better. It is time to declare that enough is enough. When individuals within the same community fail to resolve their issues peacefully, criminals exploit the situation, leading to crises that escalate rapidly,” he cautioned.

He assured that both federal and state governments are collaborating closely to stabilize the region and praised Plateau State Governor Caleb Mutfwang for the visible improvements in the area’s security landscape.

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“The federal government is committed, and the state government is actively engaged. The governor’s efforts have been commendable, contributing to the relative improvements we are witnessing,” he remarked.

Discussing the challenge of misinformation, Ribadu urged the media to refrain from disseminating unverified or exaggerated casualty figures, warning that such reports could exacerbate already volatile situations.

“While we have mourned many losses, the figures circulating may not accurately reflect the reality. Nonetheless, every life lost is significant. We urge the media to ensure the accuracy of their reports. Truthful reporting is crucial for our collective healing and for maintaining peace and security,” he asserted.

He underscored that sustainable development hinges on peace, describing it as the cornerstone of progress. Despite Plateau experiencing recurring violence for over two decades, Ribadu reaffirmed the government’s commitment to ending the cycle of bloodshed.

“Without peace, nothing functions—there can be no progress, growth, development, education, or health. The president has made it clear: enough is enough. This cycle must end. We are committed to amplifying our efforts to achieve greater improvements,” he concluded.

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Tinubu vows severe punishment for Plateau attackers, condoles victims family

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President Bola Tinubu has promised that the gunmen who killed many people in communities in Plateau State will be apprehended and face severe punishment under the law.

The President extended his condolences to the families of the victims in Ruwi, Hurti, and Tadai communities in Bokkos Local Government and those from Manguna and Dafo villages, where the gunmen launched brutal attacks, resulting in the loss of lives and the destruction of properties.

President Tinubu in a statement by his spokesman, Bayo Onanuga, also commiserated with the Government of Plateau State and Governor Caleb Mutfwang.

He urged the affected communities to cooperate with the authorities and security agencies by volunteering information to catch the perpetrators and secure their communities.

He assured Governor Mutfwang of his support in ending this spate of wanton bloodletting on the Plateau.

He directed the National Emergency Management Agency to work with state authorities to provide necessary support to the victims and bring immediate relief to the affected communities and those wounded during the attacks. NEMA will work closely with the state to ensure that affected communities rebuild and recover.

The President stated: “The report of another violent attack in communities in Plateau State by mindless gunmen saddens me. The latest attacks on defenceless citizens are unacceptable. I have directed security agencies to hunt down the attackers, and they will face severe punishment when apprehended. These intermittent attacks should have no place in our country at a time when we are working so hard to restore peace and order in all parts of our country. This unfortunate incident will never dampen and slow us down in our duty to protect every Nigerian citizen. Instead, we will work harder to exterminate forces of evil wherever they are lurking in our country.

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“Our thoughts and prayers are with the victims’ families and all those affected by this senseless violence.  No community should have to endure such tragedy. We all must unite to foster peace and stability. I urge all citizens—regardless of ethnic, religious, or political affiliations—to uphold the shared humanity that binds us all, embrace peace and reject retaliation.”

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