UTM Offshore, Seplat Energy, NNPC Sign Gas Supply Agreement

• for Nigeria’s First Indigenous FLNG Project

UTM Offshore has signed a Gas Sales Agreement (GSA) with oil and gas company Seplat Energy and the Nigerian National Petroleum Company (NNPC), marking a vital step forward in the development of Nigeria’s first indigenous-led FLNG project.

The agreement represents one of the final commercial building blocks ahead of a final investment decision, reinforcing confidence in a project that is expected to support Nigeria’s gas monetization strategy while expanding LNG exports and domestic gas utilization.

The African Energy Chamber (AEC) – representing the voice of the African energy sector – commends UTM Offshore, the NNPC and Seplat Energy for reaching this landmark agreement.

The Chamber views the GSA as a significant step toward unlocking Nigeria’s vast offshore gas resources through indigenous leadership and strategic collaboration.

As Africa seeks to maximize the value of its natural gas resources while strengthening energy security and industrial development, projects such as UTM FLNG demonstrate how African companies can lead world-scale infrastructure developments that generate investment, create jobs and position the continent as a more competitive LNG supplier.

Situated in the deepwater Yoho field offshore Nigeria, the FLNG project is expected to produce 176 million cubic feet per day once operational. Engineering and pre-construction activities have been completed, with the operator now pursuing the signing of the Sale and Purchase Agreement and FID following the GSA milestone.