Specifically, the parties have signed a gas supply agreement and a host government agreement for the development of a floating LNG import terminal and the supply of up to 0.5 million tpy of regasified LNG from Total’s global portfolio to Benin for a period of 15 years, starting in 2021. The agreements are subject to conditions precedents.
According to the statement, Total will develop and operate the regasification infrastructure that will consist of a floating storage and regasification unit (FSRU) located offshore Benin, as well as an offshore pipeline connection to the existing and planned power plants in Maria Gléta.
Laurent Vivier, Senior Vice President Gas at Total, said: “This project is in line with Total’s strategy to develop new gas markets by unlocking access to LNG for fast-growing economies. We are very pleased to have been entrusted by the Benin authorities to develop LNG imports and support a broad adoption of natural gas in the country.
“Access to LNG will help Benin to meet growing domestic energy demand and add more natural gas to the country’s current energy mix, hence reducing its carbon intensity.”
The Minister of Energy of Benin, Mr Dona Jean-Claude Houssou, added: “I congratulate the Total Group on its willingness to support the revitalisation of the energy sector, which is at the heart of the Government's Action Plan (PAG), as evidenced by the signing today of the gas import contract. I would like to highlight the Government's efforts to restore Benin's energy independence, which is the foundation of the country's ambitious economic and social development. The new legislative framework fosters the participation of private capital in the energy sector and is manifested in independent thermal, solar and hydroelectric power generation projects. The gas import project will supply plants in Benin, such as the new 127 MW power station at Maria Gléta, with imported LNG, on preferential terms and will position Benin, capital of the WAPP (West African Power Pool), as the crossroads for gas and electricity in the subregion.”
Read the article online at: https://www.lngindustry.com/regasification/25072019/total-to-develop-lng-market-in-benin/