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    HomeBusinessNigeria targets 1.5million tonnes of LNG annually for export, 300,000  for domestic...

    Nigeria targets 1.5million tonnes of LNG annually for export, 300,000  for domestic market

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    By Onu Okorie
    Nigeria’s gas sector is entering a defining new chapter as the country’s first Floating Liquefied Natural Gas (FLNG) project moves from years of planning into active execution. Recently, UTM Offshore CEO, Dr Julius Rone, confirmed that the landmark project has advanced into construction, marking a major milestone not only for Nigeria’s energy ambitions, but for Africa’s broader gas development agenda.
    Located at the Yoho Field, OML 104, approximately 60 kilometres offshore in the Niger Delta, the UTM Offshore FLNG facility is expected to produce 1.5 million tonnes of LNG annually for export, while supplying 300,000 tonnes of LPG yearly to the domestic market. Supported by 2.2 trillion cubic feet of proven gas reserves and designed for a minimum 20-year operational lifespan, the project represents one of Nigeria’s most significant gas infrastructure investments in recent years.
    Beyond export potential, the project is expected to strengthen Nigeria’s energy security by reducing reliance on imported LPG, while creating jobs and supporting economic growth. Backed by $5 billion in financing from Afreximbank and partnerships with global engineering firms including JGC Holdings, Technip Energies, and KBR, the development reflects growing investor confidence in Nigeria’s gas sector and the value of collaboration in delivering large-scale energy infrastructure.
    For five years, the Technical Seminar has brought together engineers, operators, policymakers, financiers, and technology providers to explore practical solutions around gas monetisation, offshore development, infrastructure optimisation, project execution, local content, and energy transition strategies. More importantly, it has created a platform where ideas move beyond theory into actionable partnerships and commercially viable projects.

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