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 Floating Liquefied Natural Gas (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.
The project equity has NNPC, UTM Offshore and the Delta State Government holding 20 percent, 72 percent and 8 percent stakes respectively.
Apart from producing over 300,000 metric tonnes of LPG (cooking gas) which will be dedicated to the domestic market, the partners said the resource will be used to revolutionise the nation’s power and industrial sectors.
These are things to know about an FLNG facility.
What is FLNG?
The FLNG system is a complete facility handling the offshore LNG storage, processing and transportation. These giant ships use the same systems as land-based LNG plants, which means gas can be processed closer to the source without the need to order miles of pipeline to bring the gas to the nearest facility onshore.
This processing power opens up huge new sources of potential, miles away from shore, that would have previously been too difficult or expensive to exploit.
How does FLNG work?
Natural gas is extracted from the seabed and transported by pipeline to the nearby FLNG. On board, it will be treated and liquefied – a process that involves supercooling the gas to -160 degrees Celsius to turn it into a liquid.
The liquid gas is then stored onboard in storage tanks, until it is delivered to LNG carriers for transport to treatment plants.
Advantages of LNG
LNG facilities extract natural gas trapped deep underground and over-cooled into a transparent, non-toxic liquid. This reduces its mass by 600 times, which means it can be transported more easily and safely to gas recycling plants around the world. These plants convert it back into a combustible gas, which can then be burned to generate heat and electricity.
Natural gas is one of the cleanest and safest energy sources available today. When burned, it produces half as much CO2 as coal and 10 percent less air pollutants. This is why, in recent years, the demand for natural gas has increased dramatically.
In 2000, less than 100 million tons of LNG per year were produced and rose to 284 million tons in 2017, according to NEF Fircroft, an energy engineering staffing company. The growing reliance on fuel in Asia and Africa has led to an increase in production in the US, which means usage is expected to continue to grow over the next few years.
Local benefits
Sheriff Oborevwori, governor of Delta state said the gas rich state was particularly interested in the socio-economic benefits. He noted the expected delivery of more than 300,000 tonnes of LPG from the project that would go to the domestic market.“This project will also help to mitigate the environmental hazards in the Niger Delta by reducing gas flaring. Of course, our women folk will also benefit from the fuel switch from kerosene and firewood to cleaner energy, thus improving their health and general wellbeing.
where to get female viagra nz
I’m gone to convey my little brother, that he should also visit this website
on regular basis to take updated from hottest gossip.
nampan4d
Hi! Would you mind if I share your blog with my zynga group?
There’s a lot of folks that I think would really enjoy your content.
Please let me know. Cheers
eurotogel eurotogel eurotogel eurotogel eurotogel.
teteg ati chord
Right away I am going to do my breakfast, later than having my breakfast
coming yet again to read other news.
bwinbet365
Just want to say your article is as astonishing. The clearness in your post is just cool and i
can assume you’re an expert on this subject. Well with your permission allow me to grab
your RSS feed to keep updated with forthcoming post.
Thanks a million and please carry on the enjoyable work.
jual4d
I have read so many posts about the blogger lovers except this post
is in fact a fastidious piece of writing, keep it
up.
olxtoto olxtoto olxtoto olxtoto
Hi there! This post could not be written much better!
Looking through this post reminds me of my previous roommate!
He constantly kept talking about this. I’ll forward this post to him.
Pretty sure he’ll have a great read. Many thanks for sharing!
jumlah pemain bola kasti masing-masing tim
Your way of explaining all in this paragraph is actually good, all can without difficulty know it,
Thanks a lot.
kapten69
Do you mind if I quote a few of your articles as long as I provide credit and sources back to your weblog?
My blog is in the very same niche as yours and
my visitors would truly benefit from a lot of the information you provide here.
Please let me know if this alright with you. Cheers!
singawin singawin singawin singawin
Oh my goodness! Incredible article dude! Thank
you so much, However I am having troubles with your RSS. I don’t understand why I
cannot subscribe to it. Is there anyone else getting similar RSS issues?
Anybody who knows the answer can you kindly respond?
Thanks!!
yandex semua film 2024
I visited multiple sites except the audio quality for audio songs existing at this web
site is truly fabulous.
rajabandot rajabandot
rajabandot rajabandot
Good day! I could have sworn I’ve visited this web site before but after browsing through many of the posts I realized it’s new to me.
Nonetheless, I’m certainly delighted I found it and I’ll be book-marking it and
checking back frequently!
dadu online dadu online dadu online dadu online
Heya i’m for the first time here. I found this board and I find It
really helpful & it helped me out a lot. I hope to give something again and aid others like you helped me.
akartoto akartoto akartoto
akartoto
I simply couldn’t depart your site before suggesting that I really loved the standard info an individual supply in your guests?
Is gonna be back incessantly in order to check up on new posts
leyuan 233
Hi Dear, are you in fact visiting this web page daily, if so afterward you
will absolutely get fastidious know-how.
merahtoto merahtoto merahtoto
Hi to every body, it’s my first visit of this blog;
this blog consists of awesome and truly excellent stuff
designed for readers.
g200m g200m g200m
My brother recommended I might like this blog. He was totally
right. This post truly made my day. You cann’t
imagine simply how much time I had spent for this information! Thanks!
kilat77 kilat77 kilat77
Wow that was odd. I just wrote an incredibly long comment
but after I clicked submit my comment didn’t
show up. Grrrr… well I’m not writing all that over again. Anyways, just
wanted to say wonderful blog!
alexistogel alexistogel alexistogel
I have read so many articles concerning the blogger lovers except this piece of writing is truly a pleasant article, keep it up.
slot gacor hari ini slot gacor hari ini slot gacor hari ini
I truly love your blog.. Pleasant colors & theme.
Did you create this website yourself? Please reply back as I’m trying to create
my own personal website and would like to find out where you got this from or
what the theme is named. Many thanks!
slot demo slot demo slot demo
Thank you for some other informative blog. The place else
may I get that type of information written in such an ideal method?
I have a challenge that I am just now running on, and I have been at the look out for such info.