Tinubu Backs Completion Of Africa’s Largest Gas Project Worth $5bn
President Bola Ahmed Tinubu has said the Federal Government will support implementation of a $5 billion Liquefied Natural Gas Limited by UTM and its foreign partners to actualise their gas project timely.
In a statement by Dele Alake, the Special Adviser to the President on Special Duties, Communication, and Strategy, Tinubu spoke on Wednesday at the State House, Abuja, during an audience with the management of the company and its foreign partners.
Tinubu pledged to remove all impediments to the timely completion of the facility.
President Tinubu commended UTM FLNG Limited, its technical partners, 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 said.
In his remarks, Managing Director and Chief Executive Officer of UTM Offshore Limited, Julius Rone, said the project aligns with President Tinubu’s promise to develop Nigerian gas resources as a sustainable energy source and economic development for the country.
The project is to be floated in the last Quarter of 2026 with 1.5 million metric tonnes of LNG to boost foreign earnings.
He added that 300,000 metric tonnes of LPG is targeted for the domestic market.
