French energy major TotalEnergies SE may greenlight a $750 million gas project in Nigeria next year, potentially signalling that Nigeria’s efforts to revive investment in its hydrocarbon production are making progress. Earlier this year, the French company approved an investment of about $500 million in a joint venture with state-owned Nigerian National Petroleum Co. to develop the Ubeta onshore field. That project with output of 300 million cubic feet per day will boost supply to the Nigerian Liquefied Natural Gas plant. “We have another dry gas project called Ima which…
Read MoreTOTAL EYES $750M GAS PROJECT IN NIGERIA: ONE OF THE GAINS OF PRESIDENT TINUBU’S STATE VISIT TO FRANCE
