The CI-GNL consortium, headed by Total, has been granted rights by the Ivorian Government to construct and operate a liquefied natural gas (LNG) re-gasification terminal with a capacity of 3mt/y, informed Ecofin Agency. Accordingly, Total signed a shareholders’ agreement with PetroCI, CI Energies, SOCAR, Shell, Golar and Endeavor Energy.
The project involves the building of a terminal with a floating storage and re-gasification unit (FSRU) in Vridi, Abidjan area, and a pipeline linking the FSRU to current and planned power plants in Abidjan, as well as to regional markets related to the Ivorian network, informed Total’s website. Total will use the terminal to supply LNG volumes from its global portfolio in proportion to its participating interest in the project. The re-gasification terminal project is expected to become operational by mid 2018
The facility will position the Ivory Coast as the first regional LNG import hub in west Africa, and allow the country to meet both regional and domestic demand. Total will operate the project with a 34% interest while PetroCI, CI Energies, SOCAR, Shell, Golar and Endeavor Energy will hold 11%, 5%, 26%, 13%, 6% and 5% interests respectively.