TotalEnergies, AMNI take FID on Nigeria’s Ima gas field
TotalEnergies and AMNI have approved the final investment decision for the Ima gas field in Nigeria, with production expected to start in 2028. TotalEnergies will operate the field, holding a 40% interest, while AMNI owns the remaining 60%. The field is projected to produce 350 million cubic feet of gas per day, supplying one-third of the gas needed for the Nigeria LNG Train 7 expansion.
How this was made

The 30-second read
Why it matters
The project secures a long‑term gas supply for NLNG, enhancing TotalEnergies' upstream portfolio and may improve earnings visibility.
Market read
First‑report of a major gas project that could positively influence TotalEnergies' valuation and the broader LNG sector.
What to watch
Potential geopolitical risk in the Niger Delta and execution risk of the 22 km pipeline.
Background
TotalEnergies and AMNI's FID marks a new low‑cost gas development aimed at feeding NLNG's Train 7 expansion.
Ticker impact
TotalEnergies announced the final investment decision for the Ima gas field, a new offshore project delivering 350 MMcf/d by 2028.
Potential upside for TTE as the project adds long‑term gas supply and revenue, likely supporting the stock over the next 12‑24 months.
First‑report of a sizable gas project; market may price in additional cash flow and strategic positioning in Nigeria.
Market effects
Strengthens outlook for LNG and gas infrastructure sector, especially companies linked to NLNG supply chain.
Boosts sentiment for African energy assets and may attract further investment in Nigeria.
Adds to global gas supply narrative, modest impact on overall energy markets.
Counterpoint
If project costs overrun or regulatory delays occur, the anticipated benefits could be muted.
Key entities
- CompanyTotalEnergies SE
French energy major, US‑listed as TTE.
- CompanyAMNI
Nigerian partner holding 60% of the Ima gas field.




