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UTM Floating Liquefied Natural Gas (FLNG) Limited has secured a 15-year gas supply agreement with the NNPC Ltd/Seplat Energy Producing Nigeria Unlimited Joint Venture, marking a major milestone for Nigeria’s first indigenous floating liquefied natural gas project. Signed during the 2026 NOG Energy Week in Abuja, the agreement guarantees the supply of 200 million standard cubic feet of gas per day from the Yoho Field, providing the long-term feed gas needed to unlock financing and advance the multi-billion-dollar project.
Speaking at the signing ceremony, NNPC Ltd Group Chief Executive Officer Bayo Ojulari described the agreement as a significant step toward commercialising Nigeria’s vast natural gas reserves and advancing the Federal Government’s Decade of Gas Initiative. UTM Offshore CEO Julius Rone said the deal provides the commercial certainty required by investors, lenders and LNG buyers, adding that the project is now targeting a final investment decision (FID) in the fourth quarter of 2026. The floating LNG facility is expected to produce 1.8 million tonnes of LNG annually, while also supporting domestic gas utilisation and exports.
The project, jointly owned by UTM Offshore (72%), NNPC Ltd (20%), and the Delta State Government (8%), is expected to strengthen Nigeria’s position in the global LNG market, create jobs, deepen local content participation and generate additional export revenue. Industry stakeholders say the agreement clears one of the final commercial hurdles before construction can begin, reinforcing confidence in Nigeria’s drive to monetise its abundant gas resources and expand its energy sector.
