GasTech 2026: Tinubu’s Gas Push Will Unlock Nigeria’s Stranded Reserves — Julius Rone.

The Group Managing Director and Chief Executive Officer of UTM FLNG, Julius Rone, has commended President Bola Tinubu for what he described as the Federal Government’s renewed commitment to developing Nigeria’s abundant natural gas resources.

Rone, who spoke on the sidelines of the ongoing 54th edition of the GasTech conference at the Bangkok International Trade and Exhibition Centre, Thailand, said the administration’s focus on gas development could unlock significant value from the country’s vast but largely underutilised gas reserves.

He said Nigeria’s transition towards greater utilisation of gas is strategic, given the country’s huge reserves and the growing global demand for cleaner energy sources.

“We are focusing on gas development because we realised that gas is a transition fuel and Nigeria has gas in abundance.”

The UTM FLNG boss said the Tinubu administration had introduced measures aimed at encouraging investment in the gas sector, particularly efforts to unlock stranded offshore gas resources that had remained undeveloped and unmonetised for several years.

Rone explained that Floating Liquefied Natural Gas technology provides an opportunity to monetise stranded and previously flared gas, stressing that the technology had already been deployed successfully in different parts of the world.

“The floating LNG technology has been proven and has worked in several locations around the world. It can be used to monetise gas that has been wasted through flaring, convert it into useful energy and create value from it,” he said.

The ongoing GasTech conference, which has attracted about 8,000 delegates from 150 countries, brings together policymakers, investors, bankers, energy industry executives, innovators and other key stakeholders to deliberate on developments in the global gas and energy industry, including artificial intelligence for energy and low-carbon solutions.

Rone, who is among the recipients of the 2026 Megastar Man of the Decade Award, is expected to be honoured at the ceremony themed, “The Road to 2027: Citizens, Stakeholders, and the Democracy We Choose.”