Firm secures 15-year gas supply deal with NNPC-Seplat Joint Venture
UTM FLNG Limited has signed a 15-year gas supply agreement with the NNPC-Seplat joint venture to provide feed gas for Nigeria's first indigenous floating LNG facility. The project aims to boost local gas utilization and support Nigeria's energy transition goals by 2030.
Why it matters
This deal is a critical step in Nigeria's 'Decade of Gas' initiative, aiming to industrialize the nation and improve its standing in the global LNG market.
Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Bashir Bayo Ojulari
The report focuses on industrial development and energy policy, presenting the perspectives of the involved corporate and government entities.
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