L – R: Director, Indorama Eleme Petrochemicals Limited, Munish Jindal; the Managing Director, Manish Mundra; Managing Director/Chief Executive Officer, Renaissance Africa Energy Company Limited, Tony Attah; and Renaissance’s Executive Vice President/Chief Finance Officer, Olusegun Banwo, after signing the agreement for Renaissance to supply 60 million standard cubic feet of gas per day to Indorama, in Abuja…on Thursday.
Renaissance Africa Energy Company Limited has signed a 16-year Gas Sale Agreement (GSA) with Indorama Fertilizer FZE, securing the long-term supply of natural gas from the Assa North Ohaji South (ANOH) Gas Processing Facility in a move expected to strengthen Nigeria’s fertiliser industry and advance the country’s domestic gas utilisation strategy.
Under the agreement, Indorama Fertilizer, a subsidiary of Indorama Eleme Petrochemicals Limited, will receive up to 60 million standard cubic feet of natural gas per day (60 MMscf/d) on a firm supply basis to support fertiliser production.
The agreement was signed on Thursday by Tony Attah, Managing Director and Chief Executive Officer of Renaissance Africa Energy, and Manish Mundra, Managing Director of Indorama Fertilizer FZE.
The companies described the deal as a significant step towards accelerating Nigeria’s industrialisation agenda, expanding domestic gas utilisation, and improving agricultural productivity through increased fertiliser production.
Supporting Nigeria’s Gas-Based Industrialisation
Speaking at the signing ceremony, Attah said the agreement demonstrates Renaissance’s strategy of creating long-term value from Nigeria’s abundant natural gas resources through strategic industrial partnerships.
“This agreement reflects our commitment to unlocking the value of Nigeria’s abundant gas resources through partnerships that create real and lasting impact,” Attah said.
He added that supplying gas to one of Nigeria’s largest fertiliser manufacturers would strengthen a value chain that supports food security, agricultural productivity, industrial growth and broader economic development.
The gas supply will provide Indorama with a reliable source of feedstock, helping ensure uninterrupted fertiliser production while supporting rising domestic demand and exports to regional markets.
Boost for Agriculture and Food Security
The companies said the agreement is expected to increase fertiliser availability across Nigeria and other African markets, supporting higher crop yields, improved farm productivity and stronger food security outcomes.
For Nigeria, where agriculture remains a major employer and contributor to gross domestic product, improved access to fertiliser is regarded as a critical factor in raising agricultural output and reducing food inflation.
Long-Term Supply Security
Commenting on the agreement, Indorama Fertilizer Managing Director Manish Mundra said the long-term gas supply would provide operational certainty and support the company’s expansion plans.
“Reliable access to natural gas is fundamental to fertiliser production, and this long-term arrangement provides a strong foundation for sustainable operations and future growth,” Mundra said.
He added that Indorama looks forward to deepening its partnership with Renaissance as both companies contribute to Nigeria’s industrial and agricultural development.
Aligning With Nigeria’s Decade of Gas Strategy
The agreement aligns with the Federal Government’s Decade of Gas initiative, which seeks to position natural gas as the cornerstone of Nigeria’s energy transition and economic diversification.
The ANOH Gas Processing Facility is expected to play a key role in expanding domestic gas supply to power generation, manufacturing and industrial users, reducing reliance on imported energy inputs while creating additional value from Nigeria’s vast natural gas reserves.
Why It Matters
The Renaissance-Indorama agreement highlights the growing importance of long-term domestic gas supply contracts in supporting Nigeria’s industrial base. By guaranteeing feedstock for fertiliser production over the next 16 years, the deal is expected to enhance manufacturing capacity, improve food security, strengthen regional fertiliser exports and deepen investment in Nigeria’s gas value chain.
For investors and business stakeholders, the transaction also reinforces confidence in Nigeria’s gas commercialisation strategy and underscores the role of private-sector partnerships in unlocking value from the country’s estimated over 200 trillion cubic feet of proven natural gas reserves, among the largest in Africa.
