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FLNG \

Energy

UTM Offshore eyes FID on Nigeria’s first FLNG project

UTM FLNG Limited, the developer of Nigeria’s first floating liquefied natural gas facility, has targeted the fourth quarter of 2024 to achieve a Final Investment Decision (FID) on its floating liquefied natural gas project. The Board of Directors of the…

NewsDirect
July 26, 2024

Energy

Afreximbank to support Nigeria’s first FLNG with $5bn

The parties signed the MoU in order to raise the funding for the FLNG facility. The facility will have a liquefaction capacity of 1.2 million tonnes per annum (mtpa). Firstly, Afreximbank committed to raising $2 billion. Then, it further committed…

NewsDirect
December 10, 2021