• Thursday, May 23, 2024
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UTM Offshore CEO, Julius Rone, wins award for pioneering FLNG in Africa

UTM Offshore signs FEED contracts with 3 firms for Nigeria’s first floating LNG project

Julius Rone, the CEO of UTM Offshore, has been recognised with a prestigious award for his pioneering efforts in Floating Liquefied Natural Gas (FLNG) technology in Africa.

Rone was conferred with the Changemaker for Pioneering Gas Monetization by FLNG Award, by the body of African oil and gas industry giants, on Tuesday in a grand ceremony in Paris, France.

Earlier this month, the CEO also won the Oil and Gas Personality in the Daily Independent Newspapers Year 2023 Award in addition to array of other national and international recognitions and awards, described the IAE Changemaker Award a further call to intensify efforts and commitment towards the growth and development of gas productivity in Africa.

“This vision and commitment towards developing our gas resource to benefit our nation, content and humanity in general has been the underlying motivation which among other things, birthed the establishment of the UTM Floating Liquified Natural Gas (UTM FLNG), the first indigenous floating liquefied natural gas company in Nigeria,” Rone said.

Thanking the IAE Forum for the Award and recognition, Rone assured that his company will not relent in its pioneering roles in developing opportunities that abound in the gas sector.

When completed the UTM FLNG which has already moved to the Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) stage is expected to drive energy transition in Nigeria with a production capacity of 2.8 Million Tons Per Annum (MTPA) made up of 2.14 MTPA of LNG; 0.5 MTPA of LPG and 0.18 MTPA of Condensate.

With its production capacity, the company is expected to create thousands of more jobs and investment opportunities in Nigeria and Africa as well as reduce Nigeria’s carbon footprint and associated health and environmental hazards

Also speaking at the event, NJ Ayuk, executive chairman of the African Energy Chamber, said that the energy industry has “always been composed of champions who serve so much.”