UTM Offshore Floating LNG Terminal
Sector: Natural Gas • Location: Nigeria
Source: GlobeNewswire
UTM Offshore received its License to Construct in September 2024 for a floating LNG terminal in Nigeria. The facility's approved capacity was upgraded to 2.8 MTPA, designed to process 324 million standard cubic feet per day of natural gas and produce 500,000 tons of LPG annually for domestic use. The project cost is estimated at USD 5 billion, with commissioning scheduled for 2028.
- Status
- Prospective
- Sector
- Natural Gas, LNG
- Location
- Nigeria
- Updated
- 22 Jul 2026
- Source
- GlobeNewswire
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Project Information
Participants
| Not available for this record. |
Status
Original status | planned |
Taiyo status | Prospective |
Taiyo last update | 2026-07-22 |
Contact
| Not available for this record. |
Description
Description | UTM Offshore received its License to Construct in September 2024 for a floating LNG terminal in Nigeria. The facility's approved capacity was upgraded to 2.8 MTPA, designed to process 324 million standard cubic feet per day of natural gas and produce 500,000 tons of LPG annually for domestic use. The project cost is estimated at USD 5 billion, with commissioning scheduled for 2028. |
Original sector | Energy |
Budget |
Location
Country | Nigeria |
Source
Source | GlobeNewswire |
URL |
More Details
Record type | Project |
Sector | Natural Gas, LNG |
Article published date | 2025-11-27 |
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