Nigeria has historically flared gas rather than developed the resource
Nigeria’s first FLNG project faces supply problem
The lack of a gas supply contract means the development is likely to face further delays
Nigeria’s chances of commissioning its first floating LNG (FLNG) export project as planned in 2028 may be undermined by the lack of a gas supply agreement. In September, the government licensed Nigeria’s UTM Offshore to build the facility—estimated to have a capacity of 2.8mt/yr—offshore Akwa Ibom state in the Niger Delta. UTM proposed sourcing feedstock from the Yoho offshore oilfield, previously controlled by ExxonMobil and now operated by Nigerian oil and gas producer Seplat Energy in partnership with the Nigerian National Petroleum Company (NNPC). UTM CEO Julius Rone said a draft gas supply agreement has been sent to Seplat and NNPC. However, the commissioning timetable is “not realistic
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
20 November 2024
The oil behemoth recognises the need to broaden its energy mix to reduce both environmental and economic risks
