The official launch of front-end engineering and design work on Nigeria’s first floating liquefied natural gas project is set to take place in London tomorrow.

Nigerian independent UTM Offshore — which aims to exploit gas from the shallow-water Yoho field as feedstock for its project — has contracted Japan's JGC, KBR of the US and Paris-based Technip Energies to handle the FEED work.

Having signed an agreement to co-finance the development with Cairo-based Afreximbank earlier this year - up to $5 billion may be forthcoming - UTM Offshore’s move into FEED studies signals the project is moving to its implementation phase.