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    Home » Total-led consortium to start building Cote d’Ivoire LNG terminal this year

    Total-led consortium to start building Cote d’Ivoire LNG terminal this year

    April 29, 2017
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    *TOTAL was awarded the rights to build and operate a liquefied natural gas (LNG) regasification terminal in Ivory Coast.

    29 April 2017, Baku — An international consortium led by France’s Total SA plans to start construction of a liquefied natural gas (LNG) terminal in Cote d’Ivoire by mid-2017, an official from Azeri SOCAR Trading, the consortium’s member, said on Wednesday.

    The project cost is estimated at 120 million-130 million euros ($130.6 million-$141.5 million), Togrul Kocharli, SOCAR Trading’s chief project officer, said.

    The terminal’s starting annual capacity is estimated at 36 million British thermal units (mBtu) with a possibility to increase it to 100 mBtu, he said, adding that Cote d’Ivoire would be a natural gas regional hub for neighbouring countries.

    Kocharli said that first natural gas supplies to the terminal were planned from mid-2018.

    Azeri state energy firm SOCAR acquired a 26 percent stake in Ivory Coast LNG, an international consortium with Total, Shell, Golar, Endeavor Energy and Cote d’Ivoire state companies Petroci and CI Energies in November 2016. ($1 = 0.9185 euro)

    *Nailia Bagirova; Margarita Antidze; editing: Susan Thomas – Reuters

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