PANDEF Hails Tinubu Over Approval of Nigeria's First Floating LNG Facility

The Pan Niger Delta Forum (PANDEF) has commended President Bola Ahmed Tinubu for approving a 15-year gas supply framework to UTM Offshore Limited, an indigenous company in the Niger Delta, to enable them build Nigeria's first floating LNG facility.

The project, located offshore Akwa Ibom State, is expected to drive rapid economic development across the Niger Delta and Nigeria at large. It will be a major boost to Nigeria's gas monetization drive and a key milestone in the Federal Government's Decade of Gas initiative.

PANDEF described the approval as 'momentous', adding that it will accelerate the industrialization of the Niger Delta and position the South-South region at the center of Nigeria's gas-driven economic future. The project is expected to generate significant jobs in the short and medium term, stimulate broader economic growth activities, and help combat the scourge of gas flaring.

PANDEF pledged its support for the project, assuring President Tinubu that it will mobilize support across the Niger Delta, particularly in Akwa Ibom State, to guarantee a conducive environment for the project. The group urged the Federal Government to sustain all necessary cooperation with the project team to ensure delivery within the stated timelines.