Total to take FID on Nigeria LNG by end of 2019

*First LNG by 2023

Total plans biggest exploration focusing on commercial oil & gas

*Total.

OpeOluwani Akintayo, with agency report

Lagos — French oil major, Total has said it will take final investment decision, FID, on its liquefied natural gas, LNG, project in Nigeria by the end of the year, a report by Reuters has said.

According to the firm’s head of production, Arnaud Breuillac, who spoke during the company’s Investor Day in New York, the move will enable delivery of its first LNG by 2023.

The expansion, he said, would boost Nigeria’s LNG production by seven million tons per year to an existing 22 million tons per year plant.

Total aims to grow the share of gas output to 22% of its portfolio by 2025 from 14% in 2018.


Total to take FID on Nigeria LNG by end of 2019 Total to take FID on Nigeria LNG by end of 2019 Reviewed by Crude Oil Brokers on 18:22 Rating: 5

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