The Nigerian National Petroleum Company Limited (NNPCL) on Thursday signed a Heads of Terms (HoT) agreement with UTM Offshore Limited for the construction of the nation’s first indigenous floating liquified natural gas (LNG) project.
The signing of the agreement took place at the NNPC headquarters in Abuja.
In a statement by Garba Deen Muhammad, the chief corporate communications officer of the company, NNPCL said the agreement is a step towards bolstering Nigeria’s energy security and promoting the utilisation of its abundant gas resources.
“In a major step towards bolstering Nigeria’s energy security and promoting the utilisation of its abundant gas resources, the NNPC Ltd and UTM Offshore Limited have today in Abuja signed a Heads of Terms (HoT) agreement for the construction of the nation’s first indigenous Floating LNG project,” the company said.
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Describing the Floating LNG project…