Total Energies to Develop Nigerian Gas Field, Supply LNG Plant

MT Newswires Live15:51

TotalEnergies (TTE) will develop the Ima gas field offshore Nigeria in partnership with AMNI, the company disclosed Wednesday.

Total Energiesm takes a 40% stake in the shallow-water development, while the Nigerian enterprise AMNI holds the remaining 60% stake. No other terms were disclosed.

Total Energies expects the Ima field to start production in 2028, targeting a plateau of 350 million cubic feet per day, or 60,000 barrels of oil equivalent per day.

The Ima field will feed gas through a pipeline to Nigeria LNG, a gas liquefaction facility 15% owned by Total Energies.

The Ima field is expected to supply about one-third of the gas required for the ongoing Nigeria LNG Train 7 expansion project, which will increase the liquefaction plant capacity from 22 million tons per annum, or MTPA, to 30 MTPA, said Total Energies.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment