The African Export-Import Financial institution (Afreximbank), has executed a mission preparation facility financing head of phrases with Nigeria’s UTM Offshore, with the financial institution set to partially finance Nigeria’ first floating liquefied pure fuel (FLNG) facility.

Beneath the phrases of the settlement signed on July 7, 2022, the financial institution will finance actions designed to drive the mission in direction of bankability, and has been appointed mandated lead arranger and lead in syndicating the debt increase, demonstrating Afreximbank’s dedication to bringing Nigerian fuel tasks on-line.