09
Dec
UTM OFFSHORE LIMITED (UTM) SIGNS MEMORANDUM OF UNDERSTANDING (MoU) TO RAISE $2 BILLION FOR THE DEVELOPMENT OF THE FIRST FLOATING LIQUEFIED NATURAL GAS PLANT
- By:utmoffshore
- Category:News
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The Group Managing Director / CEO of the UTM Group of Companies: Mr. Julius Rone signs the MoU for the development of first Floating LNG production plant in the West African Sub-Saharan region. In partnership with the African Export-Import Bank (Afreximbank) raised an initial sum of $2 billion for the first phase, with a commitment to $3 billion in the second phase. This is in line with the firm’s strategic…
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