Nigeria has historically flared gas rather than developed the resource
Nigeria’s first FLNG project faces supply problem
The lack of a gas supply contract means the development is likely to face further delays
Nigeria’s chances of commissioning its first floating LNG (FLNG) export project as planned in 2028 may be undermined by the lack of a gas supply agreement. In September, the government licensed Nigeria’s UTM Offshore to build the facility—estimated to have a capacity of 2.8mt/yr—offshore Akwa Ibom state in the Niger Delta. UTM proposed sourcing feedstock from the Yoho offshore oilfield, previously controlled by ExxonMobil and now operated by Nigerian oil and gas producer Seplat Energy in partnership with the Nigerian National Petroleum Company (NNPC). UTM CEO Julius Rone said a draft gas supply agreement has been sent to Seplat and NNPC. However, the commissioning timetable is “not realistic
Also in this section
6 February 2026
The long close relationship between key supplier Qatar and pivotal buyer Japan becomes even deeper following new landmark deal
6 February 2026
Partnerships across the LNG value chain have evolved over time, growing in both complexity and importance, according to panellists at LNG2026
6 February 2026
Nigeria's mega-refinery is still trying to solve many challenges, all while its owner talks up expansion
5 February 2026
While broadly supportive of EU efforts to tackle methane emissions, representatives of the gas industry warn it could deter supply contracting if timelines and compliance requirements are not made more pragmatic
