UTM Offshore FLNG Terminal
| Part of the Global Gas Infrastructure Tracker, a Global Energy Monitor project. |
UTM Offshore FLNG Terminal is a proposed LNG export terminal in Nigeria.
Location
Table 1: Location details
| Name | Location | Coordinates (WGS 84) |
|---|---|---|
| UTM Offshore FLNG Terminal | Yoho field, Nigeria[1] | 4.1485, 7.5526 (approximate) |
The map below shows the approximate location of the terminal:
Project Details
Table 2: Infrastructure details
| Name | Facility type | Status | Capacity | Total terminal capacity | Offshore | Associated infrastructure |
|---|---|---|---|---|---|---|
| UTM Offshore FLNG Terminal | export[1][2] | proposed[3] | 2.1 mtpa[4] | 2.1 mtpa | True | Yoho field[1] |
Table 3: Cost
| Name | Facility type | Cost | Total known terminal costs |
|---|---|---|---|
| UTM Offshore FLNG Terminal | export[1][2] | – | – |
Financing
No financing data available.
Table 4: Project timeline
| Name | Facility type | Status | Proposal year | FID year | Construction year | Operating year | Inactive year |
|---|---|---|---|---|---|---|---|
| UTM Offshore FLNG Terminal | export[1][2] | proposed[3] | 2019[3] | 2025 (Pre-FID)[4] | – | 2029[1][4] | – |
Ownership
Table 5: Ownership
| Name | Facility type | Status | Owners | Parent companies | Operator |
|---|---|---|---|---|---|
| UTM Offshore FLNG Terminal | export[1][2] | proposed[3] | Delta State Government [8%]; NNPC Ltd [20%]; UTM Offshore [72%][5][1][5][1][5][1] | UTM Offshore [72.0%]; NNPC Ltd [20.0%]; Delta State Government [8.0%] | – |
Background
In 2019, UTM Offshore Limited (UTM Offshore) received a license to build a floating liquefied natural gas (FLNG) vessel to export gas from the Yoho crude oil field in Oil Mining Lease 104, offshore Nigeria.[6][7]
As of December 2021, UTM Offshore was 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.[6]
In June 2022, UTM Offshore announced that it would delay FID until Q2 2023.[8]
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.[9]
In December 2023, UTM Offshore and NNPC signed an agreement with Delta State Government bringing it on as a shareholder.[10] The capacity of the project had also been boosted to up to 2.72 mtpa, and it is expected to produce 300,000 tonnes of LPG as well for the domestic market.[11]
In March 2024, UTM delayed its anticipated FID until the second quarter of 2024.[12]
In September 2024, the Nigeria Midstream and Downstream Petroleum Regulatory Authority awarded UTM Offshore a license to construct what will be the country's first floating LNG plant.[7]
The project originally had a capacity of 1.2 mtpa, but was upgraded to 2.8 mtpa due to increased demand. Of this, 2.1 mtpa is to be LNG, 500 kT/yr is to be LPG, and 200 kT/yr is to be condensate.[13]
In February 2025, it was announced that financial close was planned for end of Q2 2025 and that UTM Offshore had submitted a draft Environmental Impact Assessment for regulatory approval. The anticipated start date was shared to be 2029, delayed from 2028.[13][12]
In October 2025, UTM Offshore reaffirmed its commitment to the 2.8 mtpa FLNG project at the Yoho field, stating the gas supply agreement was about 95% negotiated, to be followed by the sales and purchase agreement with Vitol and then financial close and a final investment decision. The 2025 FID target lapsed without an FID; startup remains targeted for 2029.[14]
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.[15]
Articles and Resources
Additional data
To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.
References
- ↑ 1.00 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 https://lngprime.com/africa/nigerias-utm-offshore-plans-to-take-flng-fid-in-q4-2022-ceo-says/36372/.
{{cite web}}: Missing or empty|title=(help) - ↑ 2.0 2.1 2.2 2.3 https://lngprime.com/africa/utms-chief-expects-fid-on-nigerias-first-flng-project-in-q1-2024/100645/.
{{cite web}}: Missing or empty|title=(help) - ↑ 3.0 3.1 3.2 3.3 https://www.offshore-technology.com/news/nigerias-utm-licence-lng/?cf-view&cf-closed.
{{cite web}}: Missing or empty|title=(help) - ↑ 4.0 4.1 4.2 https://www.rivieramm.com/news-content-hub/news-content-hub/nigerias-pioneering-floating-lng-venture-83802.
{{cite web}}: Missing or empty|title=(help) - ↑ 5.0 5.1 5.2 https://www.offshore-energy.biz/utm-offshore-making-strides-towards-nigerias-first-indigenous-floating-lng-project/.
{{cite web}}: Missing or empty|title=(help) - ↑ 6.0 6.1 "Nigeria's UTM Offshore plans to take FLNG FID in Q4 2022, CEO says". LNG Prime. 2021-12-10. Retrieved 2022-06-10.
- ↑ 7.0 7.1 Rani, Archana (2024-09-09). "Nigeria's UTM Offshore secures licence for floating LNG facility". Offshore Technology. Retrieved 2025-07-02.
- ↑ Duran, Mirza (2022-06-29). "Nigeria's UTM Offshore eyes FLNG FID in Q2 2023". LNG Prime. Retrieved 2022-07-07.
- ↑ Offshore Technology. NNPC signs agreement with UTM Offshore for FLNG project. July 21, 2023.
- ↑ Habibic, Ajsa (2023-12-26). "UTM Offshore making strides towards Nigeria's first indigenous floating LNG project". Offshore Energy. Retrieved 2024-07-18.
- ↑ Staff, LNG Prime (2023-12-22). "UTM's chief expects FID on Nigeria's first FLNG project in Q1 2024". LNG Prime. Retrieved 2024-07-18.
- ↑ 12.0 12.1 Staff, LNG Prime (2024-03-19). "UTM pushes back FID on Nigeria's first FLNG project". LNG Prime. Retrieved 2024-07-18.
- ↑ 13.0 13.1 "Nigeria's pioneering floating LNG venture". Riviera. Retrieved 2025-07-02.
- ↑ "utm-offshore-reaffirms-commitment-to-nigerias-first-flng-project/". Retrieved 2026-07-14.
{{cite web}}: CS1 maint: url-status (link) - ↑ LNG Prime Staff (2022-11-24). "Nigeria's UTM Offshore plans second floating LNG producer, CEO says". LNG Prime. Retrieved 2023-08-22.
