Seplat Energy has confirmed that commercial negotiations for gas offtake have been successfully concluded for the Assa North–Ohaji South (Anoh) gas project, which it is jointly developing with NNPC Limited.
The company remains on track to deliver first gas before the end of the year.
In its Q3 2025 financial results, Seplat stated that sufficient volumes have already been contracted on “both a firm and uninterrupted basis” to allow the plant to operate at its full nameplate capacity.
The Nigerian Gas Marketing Company (NGMC), a subsidiary of NNPC Limited, is the primary offtaker for the processed gas from the Anoh facility.
Seplat also noted that work is ongoing to modify an alternative export route that will connect the Imo-based plant to Nigeria LNG in Rivers State.
According to the company, this infrastructure will be completed in Q4 2025, aligning with the expected timeline for first gas production.
What is the cost of the Anoh project?
The Anoh gas project costs a total of $420m which is shared equally between Seplat and NNPC.
In 2021, AGPC secured $260m in debt financing for the project.
To further support the advancement of the Anoh project, Seplat announced that Vitol—a global energy trading giant—has also provided a multi-million dollar facility.
“On 26 September 2025, Vitol provided a 12-month $30m prepayment facility to AGPC at a cost of SOFR plus 10% to support this effort and meet interest payment obligations to the bank lenders,” Seplat stated.
While Vitol’s shareholding position in the project is not immediately clear, The Bavijas Club suspects the company could emerge as a commercial offtaker or strategic partner in future phases of Anoh or related gas export ventures.
What you should know about the Anoh project
The Anoh project is a $420m gas development currently underway in Imo State, Nigeria.
It is being executed by Seplat Energy in partnership with the Nigerian National Petroleum Company (NNPC), through its subsidiary, the Nigerian Gas Company (NGC).
The gas processing plant is located at Oil Mining Lease (OML) 53 in Imo State and is unitised with the adjacent OML 21.
The project is being developed by the Anoh Gas Processing Company (AGPC), an incorporated joint venture (IJV) established specifically to build and operate the facility.
AGPC is jointly owned by NNPC and Seplat, with each holding a 50% stake.
Phase 1 of the project is designed to deliver 300 mmcf/d of dry gas, condensate and LPG to both domestic and export markets.
A second phase with similar capacity is also planned.
How far has the project progressed?
Earlier this year, Seplat announced that the zero-flaring project “is mechanically complete” and is expected to produce its first gas within the year.
However, despite strong safety performance, challenges persist with the OB3 tunneling work—a critical component for the commencement of commercial operations.
As of May, only 1.12 km of the total 1.85 km river crossing had been completed.
Seplat has now confirmed that the remaining tunneling work has been suspended for reassessment by the contractor.
“Work on the OB3 gas pipeline remains halted while its owner NGIC works with its contractors to review the final stages of the river crossing element of the project.”
NGIC, the Nigerian Gas Infrastructure Company Limited, is a subsidiary of NNPC responsible for building, operating, and maintaining Nigeria’s key gas infrastructure, including pipelines, processing plants, and compressor stations.
[…] its Q3 report, Seplat Energy confirmed that the offtake agreement for Phase 1 of the gas project had been finalised with the Nigerian Gas […]