Double Honours for ‘Gas King’ Julius Rone
Chief Executive Officer of UTM Offshore, Julius Rone, has kickstarted the year 2026 on a high note as he has won two significant awards, New Telegraph Personality of the Year 2025 and The Sun Newspaper’s Investor of the Year thereby cementing his status as a transformative force in Nigeria’s energy landscape.
Dubbed the “Gas King,” Rone’s recognition stems from his leadership of Nigeria’s inaugural Floating Liquefied Natural Gas (FLNG) project, a groundbreaking initiative set to reshape the nation’s position in global energy markets.
The energy tycoon possesses an unrivaled genius and profound understanding of investment is consistently making headlines and staying ahead of his peers while his remarkable qualities have set him far apart from ordinary business magnates across the continent.
His presence in the gas sector has been a dominating force, leaving an ineffaceable mark wherever he ventures and positioning himself at the pinnacle of Nigeria’s gas industry.
He has a rich and diverse entrepreneurial journey that has helped shape the business sector in Africa. His path to success includes a series of ventures that have significantly contributed to the region’s business growth.
The UTM Offshore FLNG facility is designed to deliver 1.5 million tonnes of LNG for export and 300,000 tonnes of LPG for domestic use annually. This venture, backed by President Bola Ahmed Tinubu’s administration as part of the Renewed Hope agenda, represents a significant advancement in Nigeria’s gas monetization strategy.
Rone’s professional journey spans influential roles at OMPADEC and the Niger Delta Development Commission (NDDC) before assuming leadership of the UTM Group of Companies in 2008. His approach combines operational excellence with environmental stewardship, engaging international partners including JGC Holdings, Technip Energies, and KBR while conducting rigorous environmental assessments.
The double awards have further solidified Rone’s status as an outstanding businessman that stands out among Africa’s elite. His exceptional intuition, unmatched business acumen, and ability to identify opportunities where others see failure have propelled him to the forefront.
