President Bola Ahmed Tinubu has mentioned the Federal Government will help implementation of a $5 billion Liquefied Natural Gas Limited by UTM and its overseas companions to actualise their gas project well timed.
In an announcement by Dele Alake, the Special Adviser to the President on Special Duties, Communication, and Strategy, Tinubu spoke on Wednesday on the State House, Abuja, throughout an viewers with the administration of the corporate and its overseas companions.
Tinubu pledged to take away all impediments to the well timed completion of the power.
President Tinubu counseled UTM FLNG Limited, its technical companions, Technip Energies of France, and its Japanese counterpart, JGC, for the initiative and partnership.
“Yes, we have an abundance of gas on the ground. However, the extractive industry needs your kind of partnership to promote growth.
“It is a must for any government to support”, he mentioned.
In his remarks, Managing Director and Chief Executive Officer of UTM Offshore Limited, Julius Rone, mentioned the project aligns with President Tinubu’s promise to develop Nigerian gas sources as a sustainable power supply and financial improvement for the nation.
The project is to be floated within the final Quarter of 2026 with 1.5 million metric tonnes of LNG to spice up overseas earnings.
He added that 300,000 metric tonnes of LPG is focused for the home market.
