The terminal, which is expected to become operational by mid 2018, will have a capacity of 3 million tons per year.
Total said that the decision announced by the Government of the Ivory Coast on 4 October was followed by shareholders’ agreement between Total and its partners.
The project will be operated by Total with a 34% interest. Other members in the Ivory Coast LNG consortium include national companies PetroCI (11%) and CI Energies (5%) as well as SOCAR (26%), Shell (13%), Golar (6%) and Endeavor Energy (5%).
Total Gas, Renewables and Power president Philippe Sauquet said: “This project illustrates Total's strategy to develop new gas markets by unlocking access to LNG for fast-growing economies.
“Working closely with our partners enabled us to put together an integrated proposal combining LNG supply and import infrastructure through a floating storage and re-gasification unit.”
The scope of the project includes the construction of a terminal with a floating storage and re-gasification unit (FSRU) in Vridi, Abidjan area.
It also involves building of a pipeline connecting the FSRU to existing and planned power plants in Abidjan, as well as to regional markets connected to the Ivorian network.
The project is expected to enable Ivory Coast to become the first regional LNG import Hub in West Africa, besides meeting both regional and domestic demand.
Image: The project will be operated by Total with a 34% interest. Photo courtesy of Total.
