UTM FLNG, NNPC, Seplat Sign 15-Year Gas Sale Deal for 200mmscf/d

UTM FLNG, NNPC, Seplat Sign 15-Year Gas Sale Deal for 200mmscf/d

• Agreement expected to pave way for FID in Q4 2026

• Project to monetise stranded gas, boost LNG exports and industrialisation

Emmanuel Addeh in Abuja

Nigeria moved a step closer to monetising its vast natural gas resources yesterday as UTM FLNG Ltd signed a 15-year Wet Gas Sale and Purchase Agreement (WGSPA) with the NNPC Ltd/Seplat Energy Producing Nigeria Unlimited (SEPNU) Joint Venture for the supply of 200 million standard cubic feet of gas per day (mmscf/d) to its floating liquefied natural gas project.