Nigeria to build its first-ever floating LNG unit

Rig Zone

2060. As a developing nation, we believe that affordable, accessible, and reliable energy will continue to be essential to sustaining and powering our growing economy and lifting millions out of poverty. As a government, we know our action is essential to enable the evolution of the energy system. We believe innovation, technology, and policy will be the key drivers of change”

“We are aware that the number of offshore gas finds has surged in recent years around the world, with LNG and FLNG becoming even more important in terms of satisfying the world’s future energy needs. According to market research analysts, the FLNG market is estimated to increase at a compound annual growth rate of 27.14%, reaching $88.99 billion by 2024. The UTM offshore FLNG project is therefore timely and will lead towards a faster-moving, more diverse, and more flexible global LNG industry,” Sylva said.