Nigeria’s ambition to become a global gas powerhouse may have received a major boost following the signing of a 15-year gas supply agreement for the country’s first Floating Liquefied Natural Gas (FLNG) project.
The deal was signed between UTM Offshore and the joint venture of the Nigerian National Petroleum Company (NNPC) Limited and Seplat Energy at the ongoing 2026 Nigeria Oil and Gas (NOG) Energy Week in Abuja.
The agreement guarantees the supply of 200 million standard cubic feet of gas per day from the Yoho field to UTM’s proposed $3 billion FLNG facility and removes one of the biggest obstacles to a Final Investment Decision expected later this year.
Beyond the project, the deal could have far-reaching implications for Nigeria’s long-standing ambition to transform its vast gas reserves into export revenues, industrial growth and energy security.
Unlocking stranded gas
Nigeria holds more than 209 trillion cubic feet of proven
This post was originally published on this site.
