FG grants UTM offshore licence for 2.8m tonnes floating LNG facility

The Federal Government has granted UTM Offshore Limited a ‘Licence to Construct’ (LTC) a 2.8 million tonnes per annum (MTPA) Floating Liquefied Natural Gas (FLNG) facility. The Federal Government has granted UTM Offshore Limited a ‘Licence to Construct’ (LTC) a 2.8 million tonnes per annum (MTPA) Floating Liquefied Natural Gas (FLNG) facility. The Minister of State, Petroleum Resources (Gas), Hon. Ekperipe Ekpo, said this during the issuance of the licence to the company on Friday in Abuja. The News Agency of Nigeria (NAN) reports that the Chief Executive, Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, presented the licence to the company. According to Ekpo, this licence marks a historic milestone as it will be the first floating LNG facility in Nigeria, aimed at boosting the country’s gas production and utilisation. “This is in line with the mission of President Bola Tinubu to grow gas production, distribution, and utilisation. “In line with the Decade of Gas Initiative, we are looking at gas driving the economy of this nation come 2030. We are going to achieve that. ” I salute NMDPRA for due diligence, and I salute the CEO of UTM LNG, for the bold step him and his team have taken to bring to work what we are going to celebrate today. “I believe that after this presentation and celebration, all other things that need to be done to make sure the dream of today is realised tomorrow will be done,”he said. Ekpo said that the Federal Government was committed to providing a conducive environment that would ensure realisation of its dream of increasing gas production to 12 billion cubic feet by 2030. Earlier , the NMDPRA Chief Executive said that the project, located offshore Akwa Ibom State in OML 104, would process 324 million standard cubic feet per day (MMSCFD) of natural gas. Ahmed said that the project, initially designed for a capacity of 1.2 MTPA, UTM Offshore upgraded the facility’s scope to meet rising global LNG demand, resulting in the increased capacity of 2.8 MTPA. Newadairy.com

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