Invest in African Energy (IAE) 2024: UTM Offshore to Showcase Nigerias Floating LNG (FLNG) Potential [Video]

Julius Rone, Group Managing Director and CEO of UTM Offshore, will participate in an investor roundtable at the upcoming Invest in African Energy (IAE) forum in Paris. As a leading provider of oil and gas, marine and energy industry services, UTM Offshore is currently driving Nigeria’s energy transition through the development of a floating LNG (FLNG) plant that reduces the country’s carbon footprint and monetizes its 200+ trillion cubic feet of natural gas reserves.

Developed in partnership with the Nigerian National Petroleum Corporation (NNPC), the FLNG facility will process associated gas currently being flared from the offshore Yoho field. With a planned capacity of 1.5 million tons per annum – along with 176 million cubic feet of natural gas and condensate and 300,000 tons of LPG for the domestic market – the project is central to Nigeria’s plans to position natural gas as a means of power generation, job creation …