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Julius Rone says $5 billion FLNG project nears FID with Vitol in play
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Julius Rone says $5 billion FLNG project nears FID with Vitol in play
Nigeria’s Julius Rone has given his most detailed signal yet that his flagship $5 billion floating LNG project is edging close to a final investment decision, buoyed by firming commercial partnerships.The UTM Offshore chief executive confirmed that Vitol—the global commodity trader—has agreed to act as an off-taker for LNG exports, while Seplat Energy, one of Nigeria’s largest independent upstream producers, is in late-stage negotiations to supp…
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