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CORRECTED-(OFFICIAL)-Total-led consortium to start building Cote d'Ivoire LNG terminal this year
April 26, 2017 / 3:01 PM / 5 months ago

CORRECTED-(OFFICIAL)-Total-led consortium to start building Cote d'Ivoire LNG terminal this year

(Corrects headline and first paragraph to show a consortium, not only SOCAR will build a terminal, corrects terms of construction and gas supplies in the second and fourth paragraphs, corrects names of consortium members in the last paragraph)

BAKU, April 26 (Reuters) - An international consortium led by the France’s Total SA plans to start construction of a liquefied natural gas (LNG) terminal in Cote d‘Ivoire by mid-2017, an official from Azeri SOCAR Trading, the consortium’s member, said on Wednesday.

The project cost is estimated at 120 million-130 million euros ($130.6 million-$141.5 million), Togrul Kocharli, SOCAR Trading’s chief project officer, said.

The terminal’s starting annual capacity is estimated at 36 million British thermal units (mBtu) with a possibility to increase it to 100 mBtu, he said, adding that Cote d‘Ivoire would be a natural gas regional hub for neighbouring countries.

Kocharli said that first natural gas supplies to the terminal were planned from mid-2018.

Azeri state energy firm SOCAR acquired a 26 percent 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. ($1 = 0.9185 euro) (Reporting by Nailia Bagirova; writing by Margarita Antidze; editing by Susan Thomas)

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