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Nigeria Breaks New Ground! FG Approves First-Ever Floating LNG Plant License

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Nigeria Breaks New Ground! FG Approves First-Ever Floating LNG Plant License....KINDLY READ THE FULL STORY HERE▶

UTM Offshore Limited, a Nigerian company, has received the first-ever license to construct the country’s pioneering floating liquefied natural gas (LNG) plant.

According to Naija News, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) issued the license, marking a significant step towards the completion of the LNG facility, which is expected to produce 2.8 million metric tons annually.

Farouk Ahmed, Chief Executive of NMDPRA, hailed the development as a key milestone aligned with the government’s gas expansion initiatives. This project is also a strategic move towards capitalizing on Nigeria’s vast gas reserves, estimated at 206 trillion cubic feet, much of which is currently flared or re-injected into wells.

Initially, in 2019, UTM was granted a license for a facility with a capacity of 1.2 million tons per annum. However, due to increased global demand for LNG, this capacity was upgraded to 2.8 million tons.

The facility will be located offshore in Akwa Ibom State, within the resource-rich Niger Delta. The plant is scheduled for completion in 2028, with gas production starting a year later. It will produce LNG, petroleum gas, and condensate.

UTM’s CEO, Julius Rone, revealed that in 2021, the company secured a memorandum of understanding with the African Export-Import Bank to raise up to $2 billion for the project. The bank has already received preliminary approval to contribute $350 million.

Rone also confirmed that contracts for the project design have been awarded to Japan’s JGC Corp. and Houston-based KBR Inc., with Vitol Group securing an off-take agreement for the LNG output.

Furthermore, UTM signed a deal last year with the Nigerian National Petroleum Co. Ltd. (NNPC), granting them a 20% stake in the project. UTM intends to source gas for the facility from an offshore oil field operated by ExxonMobil in partnership with NNPC. However, this asset is currently being sold to Seplat, a company looking to develop its extensive gas reserves.

Rone commented, “The stranded gas can only be monetized through floating LNG technology, adding value to Seplat’s balance sheet with a ready-made buyer for undeveloped gas.”

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You Should Be Ashamed!’ – Rufai Oseni Slams Ajaero, Osifo Over Labour Crisis.

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Arise Television presenter Rufai Oseni has criticised the presidents of the Nigeria Labour Congress (NLC), Joe Ajaero, and the Trade Union Congress (TUC), Festus Osifo, over their disagreement on workers’ welfare.....KINDLY READ THE FULL STORY HERE▶

Ajaero and Osifo recently disagreed over the Federal Government’s approval of a ₦70,000 transport allowance for public sector workers for six months.

The TUC rejected the arrangement, insisting that the NLC could not negotiate on behalf of its members without its involvement.

Osifo described the agreement as an aberration, arguing that both labour centres must participate in negotiations affecting their respective affiliates.

Reacting during Tuesday’s edition of the Arise Television Morning Show, Oseni described the two union presidents as unworthy of being called labour leaders. He accused them of failing to defend Nigerian workers amid worsening economic hardship.

The presenter also lamented that the labour movement had become politicised and divided, leaving workers without adequate representation as their purchasing power and disposable income continued to decline.

He said, “For Osifo and Ajaero, both of you should be thoroughly ashamed of yourself, and that’s why you see that Labour has been dead in this administration.”

Oseni recalled that labour leaders in the past were more united and coordinated in challenging government policies affecting workers.

He further argued that the current leadership had failed to hold the Federal Government accountable for its promises to Nigerian workers.

“Wages cannot really take you anywhere. A lot has happened as regards disposable income of the people, but labour has just been quiet.

“This government failed on many promises made to labour, and labour has just been quiet about it,” he said.

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Tragedy Strikes Football As Tenerife Striker Jesus de Miguel D!es after on Pitch At 30.

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CD Tenerife striker Jesus de Miguel has died at the age of 30 after sustaining serious head and chest injuries during a Spanish second-division match against FC Andorra on Monday.....KINDLY READ THE FULL STORY HERE▶

The forward suffered the injuries following a collision with Andorra goalkeeper Jesus Owono in the closing moments of the encounter at the Estadio Heliodoro Rodriguez Lopez in Tenerife.

The incident happened seven minutes into stoppage time, with both teams level at 2-2. Owono had rushed towards the centre circle in an attempt to intercept a long ball when he collided with De Miguel, striking the striker with his knee.

De Miguel remained motionless on the pitch as medical personnel immediately rushed to attend to him. He was later taken to hospital by ambulance.

The referee subsequently showed Owono a straight red card before abandoning the match.

Although De Miguel’s condition was initially described as stable but serious on Monday, his health reportedly deteriorated on Tuesday morning. He died at 07:00 GMT, according to reports.

Spanish media outlet Marca reported that the striker suffered a cardiac arrest while being transported to the hospital. Paramedics reportedly managed to resuscitate him before he arrived at the medical facility.

Tenerife confirmed his death in an emotional statement, expressing shock and deep sadness over the loss.

“Heartbroken, with a lump in our throats and unable to believe this is true, CD Tenerife announces the tragic death of Jesus de Miguel Alameda,” the club said.

“There are no words of comfort; there is absolutely nothing that can lessen this overwhelming sadness. We stand with his grieving family, with his loved ones, with all of Tenerife who mourn this cruel loss today.”

The club added that De Miguel’s family appreciated the messages of support they had received and appealed for privacy as they mourned their loss.

FC Andorra also expressed condolences to his family, teammates and Tenerife, while former Barcelona defender and club co-owner Gerard Pique paid tribute to the late striker.

“I am sorry with all my soul. Rest in peace, Jesus,” Pique wrote.

De Miguel’s former club, Castellon, also mourned his death, describing the loss as deeply unfair.

La Liga president Javier Tebas joined the tributes, saying: “Today, we all share the terrible pain of an irreparable loss. My deepest condolences to his family, loved ones, teammates and the whole club.”

Real Madrid and France forward Kylian Mbappe also paid his respects on social media, writing: “Much sadness; there are no words.”

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Odumodublvck Sparks Controversy With Claim About How Musicians Get Hit Songs.

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Odumodublvck made the claim during an appearance on the Tea With Tay podcast, where he discussed the challenges of producing commercially successful music.....KINDLY READ THE FULL STORY HERE▶

The rapper explained that achieving a hit song is not an easy task, noting that some artistes go through their entire careers without recording one.

He, however, commended Burna Boy, Wizkid and Davido for their consistent run of hit songs over the years, saying their achievements deserve recognition.

“Getting a hit song is not easy. Sometimes people even do jazz to get one. That is why you see some artists crashing out when they struggle to get a hit.

“Burna Boy, Wizkid and Davido have been dropping hit songs consistently for years.

“You have to respect that. Some artistes never get a hit song throughout their careers,” he stated.

Meanwhile, Odumodublvck has also recounted a warning he allegedly received from popular cleric Chukwuemeka Ohanaemere, better known as Odumeje, following a vision the clergyman claimed to have had about him.

The rapper shared the revelation on his X page while discussing his faith and what he described as his battle against darkness.

According to Odumodublvck, Odumeje contacted him and disclosed that he had seen a vision in which some people were allegedly planning to detain and poison him.

The rapper said the warning did not frighten him, insisting that he was protected by the blood of Christ.

He further disclosed that Odumeje had urged him not to worry, saying people would not understand what was happening.

Expressing confidence in his faith, Odumodublvck declared that victory was assured and maintained that God would protect him from dark forces.

He wrote: “Odumeje called me. He said, ‘I saw in a vision that they wanted to detain you and poison you.’ My God will never let me die. This is what it means to go against the world of darkness. Unfortunately, I am fortified with the blood of Christ. He said, ‘Do not worry, they will not understand.’ Victory is assured. Amen.”

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