UTM Offshore Limited at the Nigeria International Energy Summit (NIES) 2024. 26th February – 1st March 2024

The 7th edition of the Nigeria International Energy Summit (NIES 2024) focuses on the theme “Navigating the New Energy World Order: Security, Transition, and Finance.” 

NIES 2024 stands out as the most significant industry event yet. It serves as a premier business platform, offering companies the opportunity to demonstrate their expertise and promote their products and services directly to influential decision-makers, industry leaders, and stakeholders from both the public and private sectors. This is achieved through plenary sessions, networking events, and a strategically positioned international exhibition.

“The government has encouraged private investment in developing our gas resources and the “Decade of Gas” policy has provided clarity to investors. Currently, there are only three floating LNGs in Africa, all foreign-owned. We can develop such technology but need regulators, government, and frameworks. In the second quarter of this year, we will announce the FID for a floating LNG in Nigeria, which will likely be the first indigenous-owned floating LNG in Nigeria by 2028.”

-Mr Julius Rone, (OFR)

CEO, UTM Offshore Limited

Julius Rone, (OFR) GMD/CEO UTM FLNG Limited, and H.E. Dr. Matthew Opoku Prempeh, the Minister of Energy, Ghana, at the Nigeria International Energy Summit 2024 in Abuja, Nigeria.