*First LNG by 2023
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.
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