natural gas prices

FG Sees Significant Expansion in Gas Industry, Energy Sufficiency

By Adedapo Adesanya

The Minister of State for Petroleum Resources (Gas) Mr Ekperikpe Ekpo, has stated that Nigeriaโ€™s first Floating Liquefied Natural Gas (FLNG) facility will significantly expand the countryโ€™s gas industry and drive energy sufficiency.

Mr Ekpo made this declaration following the recent issuance of a Licence to Construct to UMT Offshore Limited by the Nigerian Midstream Downstream Petroleum Regulatory Agency (NMDPRA) for the project, located in Akwa Ibom State.

The Minister emphasized that the UTM Offshore FLNG facility is a groundbreaking initiative that represents a major advancement in Nigeriaโ€™s gas development

โ€œThis groundbreaking initiative represents not only a major advancement in Nigeriaโ€™s gas development but also reaffirms our commitment to harnessing natural gas resources for economic growth, energy security, and environmental sustainability.โ€

The UTM Offshore FLNG facility is designed to process 324 million standard cubic feet per day of natural gas, producing liquefied petroleum gas (LPG), condensate, and 2.8 million tonnes of LNG annually.

Mr Ekpo noted that the project was a testament to the governmentโ€™s dedication to expanding the gas industry and driving Nigeria towards energy self-sufficiency.

โ€œWitnessing the progress of such impactful projects is a testament to the governmentโ€™s dedication to expanding our gas industry and driving Nigeria towards energy self-sufficiency,โ€ Mr Ekpo added.

The minister expressed optimism that the project will enhance Nigeriaโ€™s gas development and contribute to the countryโ€™s economic growth, energy security, and environmental sustainability.