The Gas Supply and Purchase Agreement (GSPA) to support the Final Investment Decision (FID) for the Brass Methanol Project is to be executed by May, 2024. Minister of State Petroleum Resources (Gas), Rt. Hon. Ekperikpe Ekpo announced this after a meeting held with key stakeholders of the project in his NNPC Towers Abuja office.

A statement by Ekpo's spokesman, Louis Ibah, said the meeting was to confirm adequate gas supply to the Brass Methanol Project by the NNPC/Shell/TotalEnergies/NAOC Joint Venture (JV), as well as determine the next steps to conclude and execute the GSPA and mature the phase 2 of gas supply to the project.

 Ekpo formed the stakeholders on President Bola Tinubu’s strong interest in resolving issues relating to gas supply to the Brass Methanol Project and his  passionate about the speedy kick off of the project so that it could bring in the much needed FDI with attendant economic benefits to the country.

"Mr. President is very passionate about this project and wants something positive to happen in respect of the Brass Methanol project before the end of May this year," Ekpo said.

The Brass Methanol Project, located on Brass Island in Bayelsa State, is sponsored by Brass Fertilizer & Petrochemical Company Limited (BFPCL). The $3.8billion project is made up of a gas processing plant, a methanol production and refining plant, product export facilities, among others. At the end of the meeting, Ekpo announced he had successfully resolved the GSPA issue and that the NNPC/SPDC JV partners are now fully committed to uninterrupted gas supply for the development of the project.