TotalEnergies to Invest $750M in Nigeria’s LNG Development by 2025

French energy giant TotalEnergies has unveiled plans to invest $750 million in a Liquefied Natural Gas (LNG) project in Nigeria, slated for 2025. Speaking at the France-Nigeria Business Forum in Paris, Mike Sangster, Senior Vice President for Africa, highlighted the initiative, named Ima, as a shallow water gas project aimed at bolstering gas supply to TotalEnergies’ LNG facilities while reviving Nigeria’s hydrocarbon production.

The announcement follows TotalEnergies’ earlier $500 million investment in the Ubeta onshore gas field, a collaboration with NNPC Limited, which produces 300 million cubic feet of LNG daily.

Sangster also called for more relaxed local content regulations to attract international contractors, stimulate competition, and unlock pending deep-water investments. While acknowledging the Nigerian government’s recent reforms, he stressed the need for further regulatory improvements to simplify processes and drive growth in oil and gas production.

“We now have the motivation to renew investments in Nigeria, halting production declines and fostering growth,” Sangster noted.

This strategic investment underscores TotalEnergies’ commitment to strengthening Nigeria’s energy sector and its role in global LNG supply chains.