T
he Nigerian National petroleum company Limited and UTM offshore Limited on Thursday , signed a heads of terms agreement for the construction of Nigerias' first indigenous 1.5 million tonnes per annum floating Liquefied Natural Gas project . UTM offshore ,a Nigerian marine and services group , had signed a memorandum of understanding with the African Export -import Bank in december 2021 to raise $2bn for the development of Nigerias' floating liquefied natural gas project. The statement stated that UTM had been studying and concetualising the develoment of an FLNGin Nigeria since 2020.
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