Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Albania’s long pursuit of gas
Gas is unlikely to assume a major role in Albania’s energy mix for years to come, but two priority projects are making headway and helping to establish the sector
Australia gas security faces fitness test
Reassessment of the country’s export-facing gas policy coincides with worsening domestic market backdrop
Waiting for Arctic LNG 2
Without sanctions relief, there is little reason to believe the latest potential attempt at exports from the Russian liquefaction project will be more successful than the one last summer
Nigeria bullish about oil recovery
Efforts to restructure and boost investment appear to be working, but doubts remain about the plan to almost double crude production by 2030
South Korea’s transition bottlenecks keep LNG in play
The country’s new government has grand plans for renewables, but the structural changes needed for these policies will take years to carry out
Argentina makes progress on LNG dream
Eni is joining the first phase of the 30mt/yr ARGLNG, while consortium behind the smaller Southern Energy LNG has reached FID
Australia’s LNG flashpoint
Scapegoating foreign buyers will not solve country’s gas shortages
EU faces tough task following Japan LNG model
The bloc may find it very difficult to replicate Japan’s approach due to fundamental differences in policy and markets
LNG faces promises and perils ahead
LNG has opportunities to expand in established markets and access new ones, but the sector’s outlook is also fraught with uncertainties, from political and regulatory difficulties to chokepoints, project delays and cost overruns, says the IGU
Woodside adopts considered approach to Louisiana LNG
CEO Meg O’Neill explains the virtue of patience in offtake discussions amid tariff tensions
Nigeria has historically flared gas rather than developed the resource
Nigeria LNG
David Whitehouse
11 November 2024
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

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
China creates two-tier oil dynamic
25 July 2025
There is a bifurcation in the global oil market as China’s stockpiling contrasts with reduced inventories elsewhere
Trump’s Russia threat rings hollow
24 July 2025
The reaction to proposed sanctions on Russian oil buyers has been muted, suggesting trader fatigue with Trump’s frequent bold and erratic threats
US oil sector faces complicated path
24 July 2025
Trump energy policies and changing consumer trends to upend oil supply and demand
Brazil looks to solve its energy security travails
24 July 2025
Despite significant crude projections over the next five years, Latin America’s largest economy could be forced to start importing unless action is taken

Share PDF with colleagues

Rich Text Editor, message-text
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Rich Text Editor, txt-link-message
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search

  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search