THE Group Managing Director, of UTM Offshore Limited, UTMOL, Mr. Julius Rone, OFR, fondly called ‘The Gas King,’ has lived up to that title when he took the bold steps toward the implementation of Nigeria’s first floating liquefied natural gas, FLNG, facility. This, which is in line with the Federal government’s ‘Decade of Gas Initiative,” remains very strategic as it would enhance energy transition, employment, capacity building, transfer of…

The Nigerian National Petroleum Corp (NNPC) signed a heads of agreement with UTM Offshore Ltd to take a 20% stake in the UTM floating liquid natural gas (FLNG) project The UTM FLNG project is a milestone for Nigeria, significantly improving access to gas-based cooking in the West African nation, set to produce 176 million cubic feet of gas per day from the Yoho gas field, offshore Nigeria. Nigeria has more…

The Nigerian National Petroleum Company Limited (NNPCL), signed a Heads of Terms (HoT) agreement with UTM Offshore Limited for the construction of the nation’s first indigenous floating liquified natural gas (LNG) project. The signing of the agreement took place at the NNPC headquarters in Abuja. In a statement by Garba Deen Muhammad, the chief corporate communications officer of the company, NNPCL said the agreement is a step towards bolstering Nigeria’s…

Amid high cost of fuel in the country, UTM FLNG, a Nigerian gas company, has concluded plans to set up the first Floating Liquefied Natural Gas (FLNG) facility in Nigeria and the very first developed by an indigenous private African company. The FLNG will, among other things, boost production and crash the cost of gas for domestic, auto, and industrial use in the country. The facility also aims to leapfrog…