UTM FLNG Signs UN Global Compact on Human Rights, Labour, Environment and Anti-Corruption
UTM FLNG Ltd., the owner of Nigeria’s first indigenous Floating Liquified Natural Gas (FLNG) facility, has signed the United Nations Global Compact (UNGC), committing to uphold its Ten Principles on human rights, labor, environment, and anti-corruption.
At a ceremony held on December 11, 2024, at UTM Towers, Abuja, UTM Group Managing Director, Dr. Julius Rone, OFR, signed the document on behalf of the company, while Ms. Naomi Nwokolo, CEO and Executive Director of UNGC Nigeria, signed on behalf of the United Nations initiative. This milestone underscores UTM FLNG’s dedication to embedding sustainable practices into its corporate culture and operations.
The signing follows the Federal Government of Nigeria’s September 2024 issuance of a License to Construct (LTC) Nigeria’s first FLNG facility. The plant, with a production capacity of 2.8 million tons per annum (MTPA), will produce Liquefied Natural Gas (LNG), Liquefied Petroleum Gas (LPG), and condensate from re-injected gas at the OML 104 Yoho Field.
By joining the UNGC, UTM FLNG commits to transparency, public accountability, and collaborative efforts to achieve broader United Nations development goals, including the Sustainable Development Goals (SDGs).
Dr. Rone emphasized that UTM FLNG is adopting global best practices to ensure environmental, social, and economic sustainability. He highlighted the company’s focus on achieving SDGs 5 (Gender Equality), 8 (Decent Work and Economic Growth), 13 (Climate Action), and 14 (Life Below Water) through sound policies and robust engineering designs.
A key component of participation in the UNGC is the annual submission of a Communication on Progress (CoP), documenting how the company is implementing the principles and advancing collective growth. This aligns with the UNGC’s mission to foster sustainable and equitable global business practices, enabling companies to tackle modern challenges while driving development.
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The UTM FLNG facility, with its 2.8 MTPA capacity, is poised to create approximately 7,000 jobs and stimulate economic activity along the LPG supply chain. The project aims to address critical environmental and socio-economic issues, such as deforestation and the flaring of associated gas, while improving the livelihoods of Nigerians, particularly women.
Set to be located 60 kilometers offshore Akwa Ibom State in the Niger Delta region, the facility is expected to be completed and commissioned in 2028, with gas production commencing in 2029.
This development marks a significant step forward for Nigeria’s energy sector, showcasing UTM FLNG’s role in promoting sustainable energy solutions and reinforcing its commitment to global standards for responsible business practices.
