Nigeria floating liquefaction specialist UTM Offshore has finalised an important deal that see the government of Delta State joining state-owned NNPC in acquiring a significant stake in its Yoho FLNG project which is close to being sanctioned.
A final investment decision of the 1.5-million-tonne-per-annum FLNG vessel is due to be made in early 2024, assuming the project secures the necessary finance and a deal can be ratified covering the use of associated gas from Yoho.
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