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First floating LNG project: UTM Offshore targets September final investment decision
With financing secured, UTM Offshore says it is on track to take a Final Investment Decision on Nigeria’s first floating LNG project in September, paving the way for construction to begin in the first quarter of next year. Speaking to CNBC Africa at Nigeria Oil and Gas Week in Abuja, Group Managing Director, Julius Rone said the project will support gas monetisation, reduce gas flaring, strengthen domestic Liquefied Petroleum Gas supply and position Nigeria as a more attractive destination for energy investment.
13 July 2026

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