Nigerian gas tycoon Julius Rone targets September go-ahead for $3 billion floating LNG plant
Julius Rone is targeting a September investment decision on Nigeria's first floating LNG plant, with one agreement still to be signed.
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Julius Rone is targeting a September investment decision on Nigeria's first floating LNG plant, with one agreement still to be signed.
Julius Rone's UTM FLNG signed a 15-year deal with NNPC and Seplat for feed gas, clearing a hurdle to Nigeria's first floating LNG.
At Africa Energy Week 2025 in Cape Town, Rone confirmed the $5 billion FLNG project is nearing FID, with Vitol and Seplat on board.
A central figure in Nigeria’s energy sector, Rone outlined his vision for leveraging international partnerships to tap into the vast untapped natural gas reserves across the continent.
Rone is the founder of UTM Offshore, a company that is building the country’s first FLNG facility.