Baku, Azerbaijan, Dec. 13
By Leman Zeynalova – Trend:
Ivory Coast has given the green light to the construction of the gas terminal where Azerbaijan’s state oil company SOCAR has a share, Africanews reported Dec. 13.
Earlier, SOCAR obtained a 26-percent share in Ivory Coast LNG consortium led by France’s Total.
The CI-GNL (Ivory Coast LNG) consortium has been awarded the rights to build and operate a liquefied natural gas (LNG) re-gasification terminal in Ivory Coast with a capacity of 3 million tons per year.
The decision announced by the government of the Ivory Coast on October 4, was followed by the signature of the shareholders’ agreement in Abidjan between Total, which will operate the project with a 34-percent interest, national companies PetroCI (11 percent) and CI Energies (5 percent) as well as SOCAR (26 percent), Shell (13 percent), Golar (6 percent) and Endeavor Energy (5 percent).
The re-gasification terminal project is expected to become operational by mid-2018.
The project involves the construction of a terminal with a floating storage and re-gasification unit (FSRU) in Vridi, Abidjan area, and a pipeline connecting the FSRU to existing and planned power plants in Abidjan, as well as to regional markets connected to the Ivorian network.
This will enable Ivory Coast to become the first regional LNG import hub in West Africa and to meet both regional and domestic demand.