By Peter Uzoho
The Department of Petroleum Resources (DPR) has issued Licence-to-Establish (LTE) the first floating Liquefied Natural Gas (LNG) production plant for the processing of 176 million cubic feet per day of natural gas and condensate to UTM Offshore Limited, an indigenous oil and gas company.
A statement by the Head of Public Affairs, DPR, Mr. Paul Osu, said the agency’s Director, Mr. Sarki Auwalu, presented the licence to the company yesterday, at a presentation ceremony held in Abuja.
Auwalu, described the licence as a milestone and a reinforcement of the promise and commitment of President Muhammadu Buhari to Nigerians to promote indigenous participation in the oil and gas sector.
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