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Aradel Gas Limited, a subsidiary of Aradel Holdings Plc, the Nigerian energy group led by Adegbite Falade, has signed a Gas Supply Agreement (GSA) with Nigeria Liquefied Natural Gas Limited (NLNG), boosting the country’s domestic gas market.
Aradel expands domestic gas supply
The agreement, executed through the Shell Nigeria Gas (SNG) and NNPC Gas Marketing Limited (NGML) partnership, aims to support Nigeria’s gas transition and energy security objectives. The deal is part of broader efforts to leverage gas for industrial growth and power generation.
Adegbite Falade, CEO of Aradel Holdings, said the agreement ensures additional gas volumes for NLNG through the SNG-NGML framework. He noted that the company’s expansion plans align with government priorities on domestic gas supply, industrialization, and environmental sustainability.
From exploration to integrated energy
Founded in 1992 as Niger Delta Exploration & Production Plc, the company has grown into one of Nigeria’s leading integrated energy groups. Under Falade’s leadership, Aradel has strengthened its operations across upstream, midstream, and downstream sectors, earning a solid reputation in the country’s oil and gas industry.
The company has also focused on developing infrastructure to make the most of its resources. Since bringing a 100 mmscf/d gas processing plant online in 2012, Aradel has expanded domestic gas supply and ended routine flaring at its Ogbele facility, becoming the first non-JV gas supplier to NLNG.
Aradel strengthens energy market position
Since its listing on the Nigerian Exchange in October 2024, Aradel has secured a top position among the country’s energy leaders. The company reported H1 2025 revenue of N368.08 billion ($240.5 million), a 37 percent increase from N268.31 billion ($175.4 million) the previous year, driven by higher crude output, improved evacuation logistics, and strategic acquisitions.
Earlier this year, Aradel acquired full ownership of the Olo marginal fields in a $19.5 million deal and invested $20 million to increase its stake in Chappal Energies, expanding its presence in Nigeria’s offshore and natural gas markets. In March, the company also completed the acquisition of Shell Petroleum Development Company of Nigeria (SPDC) assets, reflecting its ambition to broaden operations further.
