Julius Rone, Group Managing Director and CEO of UTM Offshore, will participate in an investor roundtable at the upcoming Invest in African Energy (IAE) forum in Paris. As a leading provider of oil and gas, marine and energy industry services, UTM Offshore is currently driving Nigeria’s energy transition through the development of a floating LNG (FLNG) plant that reduces the country’s carbon footprint and monetizes its 200+ trillion cubic feet of natural gas reserves.
Developed in partnership with the Nigerian National Petroleum Corporation (NNPC), the FLNG facility will process associated gas currently being flared from the offshore Yoho field. With a planned capacity of 1.5 million tons per annum – along with 176 million cubic feet of natural gas and condensate and 300,000 tons of LPG for the domestic market – the project is central to Nigeria’s plans to position natural gas as a means of power generation, job creation and industrialization, while lowering carbon emissions and monetizing untapped reserves.
Organised by Energy Capital&Power, IAE 2024 (https://apo-opa.co/3UMOOtQ) is an exclusive forum designed to facilitate investment between African energy markets and global investors. Taking place May 14-15, 2024 in Paris, the event offers delegates two days of intensive engagement with industry experts, project developers, investors and policymakers. For more information, please visit www.Invest-Africa-Energy.com. To sponsor or participate as a delegate, please contact sales@energycapitalpower.com.
FLNG represents a key avenue for developing and monetizing Africa’s gas reserves, offering lower capital requirements, faster speed to market and reduced infrastructure and environmental impact onshore. Uniting the key investors and project developers currently shaping Africa’s LNG and FLNG markets, the investor roundtable will explore how new gas monetization projects can attract capital and guarantee stable returns, as well as their role in advancing a just energy transition by reducing emissions and gas flaring.
“African LNG has risen to the forefront of investors’ interest, able to align with the global energy transition while meeting Africa’s needs for electrification and value-added industries. Serving as a model of successful public-private partnership, UTM Offshore and NNPC have secured initial funding of $2 billion for the project’s first phase, with FID expected later this year. The investor roundtable will share insights from industry pioneers like UTM into how developers can unlock new forms of financing and establish built-in markets for LNG trade and export,” says Sandra Jeque, Event and Project Director at Energy Capital&Power – IAE 2024 event organizers.
Distributed by APO Group on behalf of Energy Capital&Power.
Latest Stories
-
Sports facilities are better managed by institutions – UG Sports Director on maintenance of Legon stadium
23 mins -
Ghanaian businesses must align vision with strategy to mitigate ESG Risks – KPMG
34 mins -
MTN achieves 30% localisation of Scancom PLC
34 mins -
Attorney-General: Some lawyers sacrifice ethics for ‘cheap’ political gains
46 mins -
Bond market: Volume up by 12.45% to GH¢746m
46 mins -
Cedi records year-to-date loss of nearly 29%; one dollar going for GH¢17.10
55 mins -
‘Our priorities are wrong in Ghana’ – UG Sports Director on sports development
55 mins -
The Fourth Estate’s investigative report wins 2nd place at 2024 AIJC
1 hour -
GPL: Our fans spur us on – GoldStars head coach Frimpong Manso on unbeaten run
2 hours -
Plantain chips are breaking hearts in Africa
2 hours -
61 new architects acquire state license to practice in Ghana
2 hours -
Masloc CEO honoured as capacity building Shero of the Year
3 hours -
MPs’ Repeated Attempts to Sue the Speaker: Unintended Consequences for the 2024 Elections?
3 hours -
Today’s front pages: Tuesday, November 5, 2024
3 hours -
Galamsey: Investigation into attack on Joy News’ Erastus Asare and colleagues already growing cold
3 hours