TEMPLARS Advises UTM FLNG on Gas Supply Agreement for Nigeria’s 1st FLNG Project

The GSA, a 15-year gas supply arrangement, for the proposed US$3 billion project, is expected to produce approximately 1.8 million tonnes of liquefied natural gas annually.

Under the agreement, the NNPC/Seplat JV will supply 200 million standard cubic feet of gas per day, providing the project’s feedgas.

TEMPLARS, has advised UTM FLNG on the project from inception to date including the gas supply arrangements, project bankability considerations and the operationalisation of the GSA.

Commenting on the transaction, TEMPLARS Managing Partner, Oghogho Akpata, said:

“This agreement is an important step towards the delivery of Nigeria’s first FLNG project. By establishing the long-term gas supply framework for the project, it strengthens investor confidence, supports the commercialisation of Nigeria’s gas resources, and advances the country’s ambitions to expand its LNG capacity”

The TEMPLARS team was led by Partner, Dayo Okusami, with support from Managing Counsel, Inna Ali, and Associates, Mariam Adebayo, Nafisa Haliru, and Nabila Gaduya.