French energy major TotalEnergies SE may greenlight a $750 million gas project in Nigeria next year, potentially signaling that the African nation’s efforts to revive investment in its hydrocarbon production are making progress.
Earlier this year, the French company approved an investment of about $500 million in a joint venture with state-owned Nigerian National Petroleum Company Limited to develop the Ubeta onshore field. That project with output of 300 million cubic feet per day will boost supply to the Nigerian Liquefied Natural Gas plant.
