Total claims that the decision announced by the Ivory Coast government on 4 October 2016 was followed by a shareholders’ agreement between Total (34%), PetroCL (11%), CI Energies (5%), Socar (26%), Shell (13%), Golar (6%) and Endeavour Energy (5%).
The project will involve the construction of a terminal with a floating storage regasification unit (FSRU) in Vridi, Abidjan area, as well as a pipeline linking the FSRU to existing and planned power plants in Abidjan, and to regional markets connected to the Ivorian network. Total claims that this will help Ivory Coast to become West Africa’s first regional LNG import hub, and allow the country to meet both regional and domestic demand.
Philippe Sauquet, President Gas, Renewables and Power of Total, 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 an FSRU.
“We are very pleased to have been selected by the Ivorian authorities to manage this project, which will meet growing domestic and regional needs for gas and power.”
Read the article online at: https://www.lngindustry.com/regasification/25112016/total-led-consortium-to-construct-and-operate-regasification-terminal-in-ivory-coast/