UTM Offshore signs gas sales agreement with Seplat and NNPC for Yoho FLNG project

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โดย Offshore Technology·Read original
Summary · why it matters

UTM Offshore has signed a gas sales agreement with Seplat Energy and the Nigerian National Petroleum Company for gas from the deepwater Yoho field, advancing Nigeria's first indigenous-led floating liquefied natural gas project. The facility is designed to process 176 million cubic feet per day and is targeting first LNG shipments in 2030, with engineering and pre-construction work already complete. Financing includes debt capital from Afreximbank and equity from NNPC and the Delta State Government, while JGC Holdings and Technip Energies are assessing the EPC contract. The project is part of Nigeria's Decade of Gas Initiative and will also supply around 300,000 tonnes of LPG annually to the domestic market.

Impact on stocks 3

Energy▲ · 2 stocks
Technip Energies BV
TE
▲ PositiveDemandrelevance

Technip Energies is assessing the EPC contract for the FLNG project, representing potential future revenue.

Energy Transition & Power Demand▲ · 1 stocks
JGC Holdings Corporation
1963
▲ PositiveDemandrelevance

JGC Holdings is assessing the EPC contract for the FLNG project, representing potential future revenue.

Theme Impact 2

Off-coverage companies 3

UTM OffshorePrivate▲ Positive
Demandrelevance

UTM Offshore signs gas sales agreement and advances its FLNG project, securing offtake and financing.

AfreximbankPrivate± Mixed
relevance

Nigeria National Petroleum Company Limited (NNPC Ltd)Private± Mixed
relevance

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