The Department of Petroleum Resources, DPR, has issued license  to  establish, LTE, for the first  floating LNG production plant for the processing of 176MMcfd of natural gas and condensate to UTM Offshore Limited,  an indigenous oil and gas company at a presentation ceremony at the DPR headquarters Abuja on Monday.

The Director, DPR, Sarki Auwalu, while presenting the license, explained that the milestone was a reinforcement of the promise and  commitment of  President Muhammadu Buhari to Nigerians to promote indigenous  participation in the oil and gas sector and  ensure that companies come to Nigeria and do business in an equitable way to stimulate the economy and create jobs for Nigerians.

He further stated that the license was a  demonstration of government’s resolve to harness safe and reliable technology for the development of the oil and gas industry.

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Source: SweetCrudeReports