Vessels

Nigeria’s first FLNG project close to FID

Dec. 20, 2023

UTM Offshore, NNPC and the Delta State Government have signed an agreement concerning Nigeria's first FLNG project.

Offshore staff

ABUJA, Nigeria — UTM Offshore, NNPC and the Delta State Government have signed an agreement concerning Nigeria's first floating LNG (FLNG) project.

The planned vessel will have a capacity to handle 1.8 billion metric tons per year for both domestic supplies and exports. FID should follow shortly, with construction getting underway in 2024.

UTM Offshore will take a 72% equity share in the project, with NNPC holding 20% and Delta State 8%.

12.20.2023