Andrew Knott of Savannah Energy discusses commencing first gas sales to First Independent Power Limited in Nigeria

The Vox Markets Podcast

Andrew Knott, CEO of Savannah Energy #SAVE live from COP26 discusses their subsidiary Accugas commencing first gas sales to First Independent Power Limited in Nigeria.

Savannah Energy PLC, the African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, is pleased to announce that its Accugas subsidiary has commenced gas sales to First Independent Power Limited's ("FIPL") power plant, FIPL Afam, in Nigeria.

As announced in early 2020, Savannah signed a gas sales agreement with FIPL Afam marking, at that time, Savannah's first new gas sales agreement in five years. FIPL is an affiliate company of Sahara Group, a leading international energy and infrastructure conglomerate with operations in over 42 countries across Africa, the Middle East, Europe, and Asia. Sahara Power Group is the largest privately-owned, vertically integrated power company in Sub-Saharan Africa with plans to expand its power generation capacity in Africa to more than 5,000MW by 2023.

The FIPL Afam plant has a power generation capacity of 180MW. Following the successful construction of a short pipeline to establish connection, and recommissioning of the third-party pipeline linking FIPL Afam to Accugas' network, Accugas has commenced gas deliveries to FIPL Afam of up to a maximum daily nominated quantity of 35 MMscfpd. The average daily nomination for this week is 25 MMscfpd.

About Savannah Energy
Savannah Energy PLC is an AIM market listed African-focused British independent energy company sustainably developing high quality, high potential energy projects in Nigeria and Niger, with a focus on delivering material long term returns for stakeholders. In Nigeria, the Company has controlling interests in the cash flow generative Uquo and Stubb Creek oil and gas fields, and the Accugas midstream business in South East Nigeria, which provides gas enabling over 10% of Nigeria's thermal power generation. In Niger, the Company has licence interests covering approximately 50% of the highly oil prolific Agadem Rift Basin of South East Niger, where the Company has made five oil discoveries and seismically identified a large exploration prospect inventory consisting of 146 exploration targets to be considered for potential future drilling activity.

Further information on Savannah Energy PLC can be found on the Company's website: www.savannah-energy.com