Tinubu Throws Weight Behind Mega Gas Project, Ensuring Its Successful Conclusion

During a meeting with the company’s management and foreign partners at the State House in Abuja on Wednesday, President Tinubu expressed his commitment to eliminating any obstacles that may hinder the prompt completion of the facility.

He praised UTM FLNG Limited and its technical partners Technip Energies of France and Japanese counterpart JGC for their commendable initiative and collaboration.

“Yes, we have abundance of gas on the ground. However, the extractive industry needs the injection of your kind of partnership to be able to promote growth.

“It is a must for any government to support. Let me know if there are any bottlenecks; we will break them,” he said.

The president commended the conglomerate for its substantial investment, emphasizing that it would contribute to economic growth and environmental protection.

During an earlier briefing, Julius Rone, the Managing Director and Chief Executive Officer of UTM Offshore Limited, highlighted how the project aligns with President Tinubu’s commitment to developing Nigeria’s gas resources for sustainable energy and economic progress.

Rone mentioned that once the facility becomes operational in the fourth quarter of 2026, it will process 1.5 million metric tonnes of Liquefied Natural Gas for the international market while producing 300,000 metric tonnes of Liquefied Petroleum Gas (LPG) for domestic consumption. He further stated that the company aims to meet 25% of the country’s domestic demand for LPG.

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Rone, therefore, sought President Tinubu’s support in overcoming any obstacles that could potentially jeopardize the project’s timely completion.

In her remarks, Emmanuelle Blatmann, the French Ambassador to Nigeria, hailed the project as a significant milestone that solidifies French involvement in Nigeria’s economic landscape. She emphasized that the facility would contribute to the Federal Government’s economic diversification agenda by tapping into Nigeria’s abundant gas reserves. Additionally, she noted that the gas from Nigeria would serve as a viable alternative source for Europe.

The delegation also included Hiromi Otuski, the Japanese Deputy Ambassador to Nigeria; Naoki Noguchi, the Managing Director of JGC; and Sadeeq Bornu, the Project Advisor.