PANDEF Hails Tinubu Over Approval of 15-Year Gas Deal

The Pan Niger Delta Forum (PANDEF) has commended President Bola Ahmed Tinubu for approving a 15-year gas supply framework for UTM Offshore Limited. This approval is expected to enable the indigenous company to advance plans for the construction of Nigeria's first Floating Liquefied Natural Gas (FLNG) facility offshore Akwa Ibom State.

PANDEF National Chairman, Ambassador Godknows Igali, expressed optimism that the project would drive jobs, investment, and industrialization in the region. He cited UTM Offshore, Seplat Energy, and the Nigerian National Petroleum Company Limited as examples of Nigerian-linked companies contributing to the development of the country's gas resources.

Igali also highlighted the potential employment opportunities expected from the construction phase, saying the project could generate jobs while stimulating ancillary businesses and other economic activities across the region. He expressed hope that projects of this scale could help moderate the pressure created by rising domestic and industrial gas prices.