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
10 March 2026
Eni’s director for global gas and LNG portfolio, Cristian Signoretto, discusses how demand will respond to rising LNG supply, and how the company is expanding its own gas and LNG operations through disciplined, capital-efficient investments
9 March 2026
Petroleum Economist analysis sees increases in output from Saudi Arabia, Venezuela and Kazakhstan among others before region’s murky descent
9 March 2026
Energy sanctions are becoming an increasingly prominent tool of US foreign policy, with the country’s growth in oil and gas production allowing it to impose pressure on rivals without jeopardising its own energy security or that of its allies, argues Matthew McManus, a visiting fellow at the National Center for Energy Analytics
6 March 2026
The March 2026 issue of Petroleum Economist is out now!
