Ivory Coast on Tuesday signed a contract to set up a consortium led by Total in order to build an FSRU-based LNG import terminal to cover the demand for electricity generation.
Electricity demand in Ivory Coast is rising 10 percent each year, Reuters reports, citing a statement by the African country’s energy ministry.
Ivory Coast is currently exporting electricity to its neighbouring countries, however, a decline in domestic gas discoveries has put the gas supply for power generation at risk.
The consortium would design, build and operate a floating storage and regasification unit (FSRU) that will have an initial capacity of 100 million cubic feet which would gradually be ramped up to 500 mcf.
The ministry estimates the project cost at US$200 million, and the shipments to the terminal could begin by mid-2018.
Total of France would operate the project while other members of the consortium are Shell, Endeavour Energy based in Houston, Petroci, the Ivory Coast state-oil company, CI-Energies, Socar of Azerbaijan and Golar LNG.
LNG World News Staff