Nigeria approves license for UTM Offshore's 2.8 mtpa FLNG facility off Akwa Ibom State, set to complete in 2028.

Nigeria's Federal Government has approved a License to Construct a 2.8 million tonnes per annum Floating Liquefied Natural Gas (FLNG) facility for UTM Offshore Limited, the country's first floating LNG project. Located offshore Akwa Ibom State, it aims to enhance gas production and support domestic markets by reducing cooking gas prices. Projected for completion in 2028, it aligns with Nigeria's gas expansion goals and could boost exports and job creation.

September 06, 2024
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