Nigeria’s ambition to become a major global exporter of liquefied natural gas through indigenous participation received a significant boost on Tuesday as UTM Floating Liquefied Natural Gas Limited secured a 15-year gas supply agreement expected to unlock financing for the country’s first indigenous floating LNG project.
The landmark Wet Gas Sale and Purchase Agreement, signed during the 2026 NOG Energy Week in Abuja, commits the NNPC/Seplat Energy Producing Nigeria Unlimited Joint Venture to supply 200 million standard cubic feet of gas per day to the UTM FLNG project over a 15-year period.
Highlighting the significance of the agreement signed during the NOG Energy Week Conference in Abuja on Tuesday, the deal was described as one of the project’s most important commercial milestones because it guarantees the supply of feed gas, a critical requirement for lenders and investors before committing billions of dollars to the floating liquefied natural gas facility.
Speaking shortly after the signing ceremony, the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Bayo Ojulari, described the agreement as a major breakthrough in Nigeria’s drive to commercialise its vast gas resources and deepen domestic gas utilisation.
