Côte d’Ivoire-GNL LNG import terminal

25/11/2016
Project development

$ 100 million

Announced

25/11/2016


Overview:

  • Côte d’Ivoire-GNL LNG import terminal.
  • A consortium led by French major Total has been awarded the rights to construct and operate an LNG import terminal and related infrastructure in Vridi, Abidjan in Côte d’Ivoire
  • Total is the largest shareholder (34%) in the consortium, which has established company Côte d’Ivoire-GNL to own the project, and other shareholders are State Oil Company of Azerbaijan Republic (SOCAR) (26%), Shell (13%), PetroCI (11%), Golar (6%), and Endeavor Energy and CI Energies (both 5%).
  • The consortium will build and operate a terminal with a floating storage and re-gasification unit (FSRU) and a pipeline connecting it to Abidjan and other areas in Côte d’Ivoire. 
  • The terminal with have an initial daily capacity of 90 million cubic feet, and it could eventually increase to as much as 400 million. 
  • The terminal will help Côte d’Ivoire meet increased domestic demand for electricity and enable it to act as a hub for imported LNG sold in West Africa.  
  • The terminal is scheduled to be commercially operational in 2018. 

Ben Naylor - Regional editor

Jurisdictions:

France
Côte d’Ivoire

Deal type:

Project development

Practice area:

Project development

Industry sector:

Oil and gas


Firms:

Party: Société nationale d'opérations Pétrolières de la Côte d'Ivoire (PetroCI) (Sponsor)

Party: Société des Energies de Côte d'Ivoire (CI-Energies) (Sponsor)

Lawyer: Julien David


Party: State Oil Company of Azerbaijan Republic (SOCAR) (Sponsor)


Party: Total (Sponsor)


Party: Golar (Sponsor)