TotalEnergies and AMNI International have approved an $800 million Final Investment Decision (FID) for the development of the Ima Gas project in Nigeria.
The approval marks a significant milestone for the asset, which has remained undeveloped for over 50 years.
By taking this decision, the two energy companies have committed to moving the project into the active development phase, unlocking resources that have been identified but left untapped for decades.
The Ima Gas project is located in Nigeria, a country that serves as a major hub for oil and gas production in Africa. The investment represents a substantial financial commitment to revitalizing long-dormant infrastructure within the nation's energy sector.
This development highlights the continued interest of international energy firms in Nigeria’s gas reserves, aiming to bring previously inaccessible resources to market.
<small>Source: Punch Nigeria — read the original story there.</small>