UTM Offshore FLNG earns top 20 oil and gas project ranking in Sub-Saharan Africa, poised to boost Nigeria’s gas sector with its first floating LNG facility
UTM Offshore FLNG has been named among the top 20 oil and gas construction projects in Sub-Saharan Africa, a recognition that highlights its potential to reshape Nigeria’s gas industry and strengthen its global energy footprint.
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The accolade was conferred by Adron Mason, a Washington DC–based policy analyst, who praised the project’s scope and expected impact.
Located offshore in Akwa Ibom State, the \$2 billion facility will process 324 MMSCF/D of natural gas and produce LPG, condensate, and 2.8 million tonnes of LNG annually.
Originally licensed in 2019 for 1.2 million tonnes per annum, capacity was expanded to 2.8 million tonnes in response to rising LNG demand.
Nigeria, with an estimated 200 trillion cubic feet of untapped gas reserves, aims to reduce reliance on oil and cut waste from gas flaring.
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Founded by Julius Rone in 2012, UTM Offshore is spearheading Nigeria’s first floating LNG project, slated for commissioning in 2028, with first gas production expected in 2029.
