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TotalEnergies and AMNI Sanction $1.1 Billion Ima Gas Project Offshore Nigeria

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Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
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TotalEnergies and its Nigerian partner AMNI have taken ​a final investment decision to ‌develop the offshore Ima gas field in Nigeria, which will supply a Nigeria LNG liquefaction ​plant, the French oil major ​said on Wednesday.

The non-associated gas project features independently confirmed gross reserves of 1.28 trillion cubic feet (tcf).

Once operational in October 2028, the field will produce a plateau output of 350 million standard cubic feet per day (MMscfd)—equivalent to over 60,000 barrels of oil equivalent per day (boe/d).

The gas will be piped 22 km to the Nigeria LNG (NLNG) complex, supplying approximately one-third of the total gas requirement for the Train 7 expansion (which expands NLNG capacity from 22 Mtpa to 30 Mtpa).

Strategic Rationale & Policy Backstop

  • Fiscal Incentive Unlocking: The sanctioning follows the non-associated gas (NAG) tax incentives and executive orders introduced by the Nigerian Government, which improved commercial netbacks for shallow-water gas developments.

  • NLNG Train 7 Supply Security: The Ima field follows the Ubeta gas project (sanctioned by TotalEnergies in 2024) to ensure domestic feedstock availability for NLNG’s Train 7, addressing historical capacity underutilization caused by upstream gas supply shortfalls.

  • Decarbonization & Nigerian Content: The design incorporates electric power supplied from shore, zero routine flaring, and permanent methane monitoring. Over 60% of the construction workforce will be sourced locally, with major Engineering, Procurement, and Construction (EPC) packages awarded to Nigerian contractors.



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