• Home
  • About Us
  • Contact
Monday, March 16, 2026
News On Spot
  • Home
  • News
    Monthly Environmental Sanitation Exercise

    Lagos Reintroduces Monthly Environmental Sanitation Exercise to Promote Cleaner Communities…

    Lucky Aiyedatiwa

    Court Rules Ondo Governor Lucky Aiyedatiwa Ineligible to Contest 2028 Governorship Election…

    ADC

    Nine Senators Defect to ADC as Abaribe, Umeh, Kingibe Lead Major Political Realignment in the Senate…

    Bola Ahmed Tinubu

    Tinubu Approves Posting of 65 Ambassadors as Reno Omokri, Fani-Kayode, Mahmood Yakubu Get Diplomatic Roles…

    Bola Tinubu

    Bola Tinubu Nominates Taiwo Oyedele as Minister of State for Finance…

    Corporate Affairs Commission

    Corporate Affairs Commission Boss Apologises to Senate Committee, Lawmakers Withdraw Removal Call…

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Business
  • Entertainment
    • All
    • Gaming
    • Movie
    JaceBen

    JaceBen Builds Global Momentum with Emotional New Single “With You” Featuring CiCeLy…

    Mercy Johnson-Okojie

    Mercy Johnson-Okojie Accepts Appointment as Edo Governor’s Special Adviser…

    Egbuson

    Photos: Dakore Akande and Timini Egbuson Lay Father to Rest in Private Ceremony…

    South Sudanese

    Photos: South Sudanese Man Marries Bride After Winning High-Stakes Dowry Competition…

    Auntie Ajara

    Nollywood Mourns as Yoruba Actress Ajara Lasisi, Popularly Known as Auntie Ajara, Dies…

    Tonto Dikeh

    Photos/Video: Tonto Dikeh Reunites Son, King Andre, With Father Olakunle Churchill After Years of Feud…

  • Health
  • Lifestyle
    • All
    • Food
    • Travel
    eVisa

    UK Moves Fully Digital: Paper Visas Scrapped as eVisas Launch February 25…

    ESHDC

    Enugu Housing Corporation Opens New Estates, Offers Discounted Plots to Homebuyers and Investors…

    Salary

    10 Smart Ways to Make Your Salary Last All Month…

    “How was your night?”

    Why “How Was Your Night?” Isn’t Always the Right Greeting – And What to Say Instead…

    Priscilla Ojo

    Priscilla Ojo Clarifies Rumours About Juma Jux’s Store Amid Tanzania Election Unrest…

    Gates

    Inside the Gates Legacy: Bill and Melinda Gates Teach Their Children Wealth With Purpose, Not Inheritance…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Politics
  • Sports
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    MultiChoice

    Is DStv Too Expensive? Nigerians Ditch Pay TV Over Price Hikes…

    Microsoft

    Microsoft To Shut Down Lagos Centre, 200 Jobs At Risk…

    Multichoice

    DSTV Price Hike: More Nigerians Consider SLTV, Others…

    NIMC

    Guide On How To Register For & Use The New 2024 NIMC Self Service Portal…

    Mobile Data

    Reasons Why Your Mobile Data Ends Quickly…

    Elon Musk

    Elon Musk Unveils New Name, Logo For Twitter…

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • News
    Monthly Environmental Sanitation Exercise

    Lagos Reintroduces Monthly Environmental Sanitation Exercise to Promote Cleaner Communities…

    Lucky Aiyedatiwa

    Court Rules Ondo Governor Lucky Aiyedatiwa Ineligible to Contest 2028 Governorship Election…

    ADC

    Nine Senators Defect to ADC as Abaribe, Umeh, Kingibe Lead Major Political Realignment in the Senate…

    Bola Ahmed Tinubu

    Tinubu Approves Posting of 65 Ambassadors as Reno Omokri, Fani-Kayode, Mahmood Yakubu Get Diplomatic Roles…

    Bola Tinubu

    Bola Tinubu Nominates Taiwo Oyedele as Minister of State for Finance…

    Corporate Affairs Commission

    Corporate Affairs Commission Boss Apologises to Senate Committee, Lawmakers Withdraw Removal Call…

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Business
  • Entertainment
    • All
    • Gaming
    • Movie
    JaceBen

    JaceBen Builds Global Momentum with Emotional New Single “With You” Featuring CiCeLy…

    Mercy Johnson-Okojie

    Mercy Johnson-Okojie Accepts Appointment as Edo Governor’s Special Adviser…

    Egbuson

    Photos: Dakore Akande and Timini Egbuson Lay Father to Rest in Private Ceremony…

    South Sudanese

    Photos: South Sudanese Man Marries Bride After Winning High-Stakes Dowry Competition…

    Auntie Ajara

    Nollywood Mourns as Yoruba Actress Ajara Lasisi, Popularly Known as Auntie Ajara, Dies…

    Tonto Dikeh

    Photos/Video: Tonto Dikeh Reunites Son, King Andre, With Father Olakunle Churchill After Years of Feud…

  • Health
  • Lifestyle
    • All
    • Food
    • Travel
    eVisa

    UK Moves Fully Digital: Paper Visas Scrapped as eVisas Launch February 25…

    ESHDC

    Enugu Housing Corporation Opens New Estates, Offers Discounted Plots to Homebuyers and Investors…

    Salary

    10 Smart Ways to Make Your Salary Last All Month…

    “How was your night?”

    Why “How Was Your Night?” Isn’t Always the Right Greeting – And What to Say Instead…

    Priscilla Ojo

    Priscilla Ojo Clarifies Rumours About Juma Jux’s Store Amid Tanzania Election Unrest…

    Gates

    Inside the Gates Legacy: Bill and Melinda Gates Teach Their Children Wealth With Purpose, Not Inheritance…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Politics
  • Sports
  • Tech
    • All
    • Apps
    • Gadget
    • Mobile
    MultiChoice

    Is DStv Too Expensive? Nigerians Ditch Pay TV Over Price Hikes…

    Microsoft

    Microsoft To Shut Down Lagos Centre, 200 Jobs At Risk…

    Multichoice

    DSTV Price Hike: More Nigerians Consider SLTV, Others…

    NIMC

    Guide On How To Register For & Use The New 2024 NIMC Self Service Portal…

    Mobile Data

    Reasons Why Your Mobile Data Ends Quickly…

    Elon Musk

    Elon Musk Unveils New Name, Logo For Twitter…

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
News On Spot
No Result
View All Result
Home Press Release

Dangote Seals US$4.2bn Gas Deal with China’s GCL Group to Power Its Ethiopian Fertilizer Megaproject…

newsonspotadmin by newsonspotadmin
March 16, 2026
in Press Release
Reading Time: 3 mins read
0
Aliko Dangote

Dangote Industries Limited (DIL) and GCL Group, China’s leading private energy conglomerate, have formalized a landmark US$4.2 billion, 25‑year natural gas supply agreement to power Dangote Group’s major expansion projects in Ethiopia.

The agreement, signed in Lagos, reinforces one of the most significant China-Africa industrial partnerships to date.

Under the long‑term arrangement, GCL Group will supply stable natural gas to Dangote Group’s upcoming 3‑million‑tonne‑per‑year urea fertilizer production complex in Ethiopia. The plant, valued at US$2.5 billion, is being developed under a 60:40 equity structure between Dangote Group and Ethiopian Investment Holdings (EIH), respectively, and is scheduled to begin operations in 2029.

Once commissioned, the facility will become East Africa’s largest modern fertilizer production hub, fully meeting Ethiopia’s current urea import demand while supplying neighbouring regional markets. The project is expected to significantly reshape East Africa’s fertilizer landscape, reducing reliance on imports and strengthening agricultural self‑sufficiency.

The natural gas supplied by GCL will be sourced from the Calub Gas Field in Ethiopia’s Ogaden Basin and delivered via a dedicated 108‑kilometre pipeline directly to the Dangote fertilizer complex in Gode, Somali Region. The initiative aligns with Africa’s broader objective of establishing an integrated energy‑to‑food value chain, leveraging local resources to drive industrial autonomy.

Describing the significance of the collaboration, Aliko Dangote, President/Chief Executive of Dangote Industries Limited, said:

Africa’s energy industry cannot continue indefinitely exporting raw materials while importing finished products. We must pursue a new path of highly autonomous development. Through seamless integration and strategic cooperation with GCL, we will achieve an efficient closed‑loop value chain from natural gas extraction to fertilizer production, taking a crucial step toward enabling Africa to secure greater autonomy over its food security.”

Chairman of GCL Group, Mr. Zhu Gongshan, also reaffirmed the company’s confidence in the partnership, noting that the agreement was made possible through the facilitation and support of the Ethiopian government:

“This cooperation will enable both sides to expand new frontiers in Ethiopia’s energy, chemical, and food security sectors while transitioning from a ‘business going global’ model toward a mutually beneficial ecosystem‑based framework. Leveraging GCL’s integrated oil and gas operations in Ethiopia and Dangote Group’s extensive industrial footprint across Africa, the partnership will significantly enhance our service capabilities and market reach across the continent.”

The strategic collaboration marks a historic step in Africa-China industrial cooperation and is expected to catalyse long‑term economic transformation across East Africa.

Looking ahead, GCL will continue to focus on its core industrial strategy of integrated gas-power-computing development, leveraging Chinese technologies and solutions in synergy with Africa’s development needs, and working together to write a new chapter of mutually beneficial cooperation between China and Africa on this promising land. Both parties noted that the successful conclusion of this cooperation would not have been possible without the strong leadership of the Government of Ethiopia and the active support of the relevant authorities.

Over the past 20 years since its establishment in Ethiopia, GCL Group has progressed from oil and gas exploration and development to the construction of the country’s first natural gas liquefaction project, and from advancing the integrated “gas-power-computing” development model to supporting the country’s pursuit of greater energy self-reliance. Each step has involved sustained and substantive investment, deeply integrating the company’s activities into the trajectory of Ethiopia’s economic and social development and continuously earning the high level of trust of senior government leadership.

Industry analysts note that this project conveys multiple strategic values. Once operational, it will not only help Ethiopia achieve full self-sufficiency in its fertilizer industry but will also unlock the industrial potential of the Somali Region, create thousands of direct and indirect employment opportunities, and drive the high-quality development of regional infrastructure and supporting service industries. At the same time, the clean chemical production pathway based on natural gas as a feedstock aligns with the global trend toward low-carbon transition and provides a model for green development for energy-intensive industries across Africa. This cooperation also establishes a new paradigm for China-Africa collaboration.

By integrating upstream resource development, midstream pipeline transportation, and downstream industrial transformation, it forms a complete closed-loop “gas-fertilizer” industrial chain. In doing so, it deeply combines the technological strengths of Chinese enterprises with Africa’s indigenous resource endowments.

The project will serve as a landmark initiative under the Belt and Road Initiative, demonstrating the synergy between energy development and agricultural advancement, and helping Ethiopia and the broader African region move toward sustainable development characterized by energy independence, industrial revitalization, and food self-sufficiency.

Dangote Group, founded by Africa’s richest person, Aliko Dangote, operates across a wide range of sectors including cement, food processing, energy, and chemicals. Known as the Father of African Industry. Mr. Dangote’s decision to select GCL Group of China as a strategic partner fully demonstrates the strong recognition by Africa’s leading enterprises of GCL’s technological capabilities and localized operational expertise.

Tags: Aliko DangoteCalub Gas FieldChairman of GCL GroupDangote Industries LimitedDILEIHEthiopian Investment HoldingsGCL GroupMr. Zhu GongshanNewsonspotOgaden BasinPresident/Chief Executive of Dangote Industries Limited
ShareTweetShare
Previous Post

Zenith Bank Expands Global Footprint with New Manchester Branch in the United Kingdom…

newsonspotadmin

newsonspotadmin

Related Posts

Polaris Bank
Press Release

Polaris Bank Chairman, Dr. Gidado Urges Integrity and Professional Excellence at 2026 CIBN Chartered Banker Induction…

March 16, 2026
Fidelity Bank
Press Release

Onyeali-Ikpe, Dabiri Erewa, Rewane Advocate For Increase Diaspora Participation in Nigeria’s Economy…

March 16, 2026
Akmodel Group
Press Release

Akmodel Group MD Pays Courtesy Visit to Ojora of Ijora Kingdom on 16th Coronation Anniversary…

March 15, 2026
Union Bank
Press Release

Union Bank of Nigeria Marks International Women’s Month 2026 with Inclusion-First “Give to Gain” Campaign…

March 11, 2026
Dangote Petroleum Refinery
Press Release

Dangote Refinery Cuts Petrol and Diesel Prices to Ease Economic Pressure on Nigerians…

March 10, 2026
Fidelity Bank
Press Release

IWD: Fidelity Bank Signs MoU with Partners, Launch ‘Give Her Power’ Initiative to Empower Nigerian Women…

March 10, 2026

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

  • Trending
  • Comments
  • Latest
ST Team

ST Team Hosts Maiden Business Banquet, Unveils AI-Driven Investment Vision…

February 3, 2025
Uber

Uber Driver Drops Passengers Off At The Airport, Returns Back To Rob Their Home…

September 27, 2022
Lagos State Governor-Sanwo-Olu

Lagos Govt Declares 4-day Public Holiday…

January 19, 2023
Airline

Another Anambra Billionaire Set To Unveil New Airline…

May 17, 2024

Bill Gates steps down from Microsoft board to focus on philanthropy

0

Overlooked No More: Ni Gusti Ayu Raka Rasmi, Balinese Dancer

0

Nigeria vs Sierra Leone, other AFCON 2019 qualifiers cancelled

0

Osinbajo‘s convoy involved in accident, VP loses police outrider

0
Aliko Dangote

Dangote Seals US$4.2bn Gas Deal with China’s GCL Group to Power Its Ethiopian Fertilizer Megaproject…

March 16, 2026
Zenith Bank

Zenith Bank Expands Global Footprint with New Manchester Branch in the United Kingdom…

March 16, 2026
Monthly Environmental Sanitation Exercise

Lagos Reintroduces Monthly Environmental Sanitation Exercise to Promote Cleaner Communities…

March 16, 2026
Polaris Bank

Polaris Bank Chairman, Dr. Gidado Urges Integrity and Professional Excellence at 2026 CIBN Chartered Banker Induction…

March 16, 2026

Recent News

Aliko Dangote

Dangote Seals US$4.2bn Gas Deal with China’s GCL Group to Power Its Ethiopian Fertilizer Megaproject…

March 16, 2026
Zenith Bank

Zenith Bank Expands Global Footprint with New Manchester Branch in the United Kingdom…

March 16, 2026
Monthly Environmental Sanitation Exercise

Lagos Reintroduces Monthly Environmental Sanitation Exercise to Promote Cleaner Communities…

March 16, 2026
Polaris Bank

Polaris Bank Chairman, Dr. Gidado Urges Integrity and Professional Excellence at 2026 CIBN Chartered Banker Induction…

March 16, 2026
News On Spot Logo

Browse by Category

Archives

  • Home
  • About Us
  • Contact

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

No Result
View All Result
  • Home
  • About Us
  • Contact
  • Entertainment
  • Politics
  • Business
  • Health
  • Sports
  • World
  • https://newsonspot.com.ng/2024/03/20/access-bank-plc-and-kcb-group-plc-sign-binding-offer-on-acquisition-of-national-bank-of-kenya-nbk/
  • https://newsonspot.com.ng/2024/12/16/christmas-viju-industries-spreads-joy-with-celebrate-their-brilliance-initiative-photos-2/
  • https://newsonspot.com.ng/2024/07/16/sterling-one-foundation-announces-afreximbank-as-strategic-partner-for-africa-social-impact-summit-2024/
  • https://newsonspot.com.ng/2024/10/17/polaris-bank-partners-ncf-to-extend-tree-planting-initiative-to-abuja-anambra/