Total-led consortium to start building Cote d'Ivoire LNG terminal this year
BAKU (Reuters) -- An international consortium led by the France's Total SA plans to start construction of a LNG terminal in Cote d'Ivoire by mid-2017, an official from Azeri SOCAR Trading, the consortium's member, said on Wednesday.
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The project cost is estimated at $130.6 MM–$141.5 MM, Togrul Kocharli, SOCAR Trading's chief project officer, said.
The terminal's starting annual capacity is estimated at 36 MMBtu with a possibility to increase it to 100 MMBtu, he said, adding that Cote d'Ivoire would be a natural gas regional hub for neighboring countries.
Kocharli said that first natural gas supplies to the terminal were planned from mid-2018.
Azeri state energy firm SOCAR acquired a 26% stake in Ivory Coast LNG, an international consortium with Total, Shell, Golar, Endeavor Energy and Cote d'Ivoire state companies Petroci and CI Energies in November 2016.
Reporting by Nailia Bagirova; writing by Margarita Antidze; editing by Susan Thomas
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