UTM Offshore FLNG Terminal

This article is part of the Global Fossil Infrastructure Tracker, a project of Global Energy Monitor.

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UTM Offshore FLNG Terminal is a floating liquefied natural gas (LNG) export terminal proposed in Nigeria.

Location

The terminal is proposed to be located in the Yoho field, offshore Nigeria.

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Project details

• Operator:

• Owner: UTM Offshore

• Parent company: UTM Offshore

• Vessel:

• Vessel operator:

• Vessel owner:

• Vessel parent company:

• Location: Yoho field, offshore Nigeria

• Coordinates: 4.1485, 7.5526 (approximate)

• Capacity: 1.35 mtpa
  • Formerly 1.52 mtpa

• Status: Proposed

• Type: Export

• Start year: 2026

• Financing: $5 billion from African Export-Import Bank

• FID status: pre-FID (Q2 2023)

• Associated infrastructure:

Background

UTM Offshore Limited (UTM Offshore) has proposed to develop a floating liquefied natural gas (FLNG) vessel to export gas from the Yoho crude oil field in Oil Mining Lease 104, offshore Nigeria.

As of December 2021, UTM Offshore is expecting to take FID in the fourth quarter of 2022, and to launch the facility in 2026. The African Export-Import Bank has signed a Memorandum of Understanding with UTM Offshore to support the project with US$5 billion in funding.

In June 2022, UTM Offshore announced that it would delay FID until Q2 2023.

In July 2023, UTM Offshore and the Nigerian National Petroleum Company (NNPC) signed a heads of agreement (HOA) for the construction of the project, under which NNPC would take a 20% equity stake.

Additional Project

In November 2022, UTM Offshore said that it may develop a second floating LNG platform with a similar capacity to that of UTM Offshore FLNG Terminal. This project would draw gas from other fields located offshore Nigeria, rather than the Yoho field.

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