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Wednesday, October 5, 2016
Cote d’Ivoire entered into a partnership agreement to form a consortium to build a LNG import terminal. The consortium will be led by Total.
The LNG imported through the terminal will be used to help meet the country’s growing demand for electricity. It is said that Cote d’Ivoire could begin receiving LNG at the terminal by mid-2018.
“The arrival of LNG in Ivory Coast opens a new era in the production of electricity,” Energy Minister AdamaToungara said at a signing ceremony in the commercial capital Abidjan.
The project aims to conceive, build and operate a floating storage regasification unit (FSRU) with initial capacity of 100 Mmcf that would gradually be brought up to 500 Mmcf, according to an energy ministry statement.
The ministry estimated the cost at $200 million.
Total would be the project’s operator. Other members of the consortium include Royal Dutch Shell, Houston-based Endeavor Energy, Ivory Coast state oil company Petroci, CI-Energies, Azerbaijan’s SOCAR and Golar LNG.
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