TotalEnergies moves ahead with Nigeria’s Ima gas field development

TotalEnergies and Amni approved a 350 million cubic feet per day gas project in Nigeria, with production expected to start in 2028. The French energy company announced the final investment decision on Wednesday.

TotalEnergies has increased its stake in Casa dos Ventos from 34% to 49%, pending antitrust approval. The French company aims to expand its renewable energy presence in Brazil, integrating additional assets. The transaction value remains undisclosed, and the deal is subject to review by Brazil's Administrative Council for Economic Defense.

TotalEnergies (TTE) and partner AMNI approved the Ima gas field project in Nigeria, targeting production start in 2028. The field will produce 350 million cubic feet per day, supplying Nigeria LNG’s Train 7 expansion. TTE holds a 40% stake. The company also partnered with Global Infrastructure Partners for African assets, receiving $1.8B. Q3 2026 EPS and revenue estimates are $3.10 and $49.57B, respectively. TTE shares rose 1.19% to $90.92.

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.

TotalEnergies and AMNI International have approved an $800 million investment to develop the Ima gas field in Nigeria, expected to produce 350 million cubic feet of gas per day by 2028. The gas will supply Nigeria LNG's Train 7 expansion, increasing its liquefaction capacity to 30 million metric tons per year.

President Tinubu announced an $800m Final Investment Decision for the Ima Gas Project, a partnership between AMNI International and TotalEnergies. The project, located offshore in Nigeria, aims to produce 300m standard cubic feet of gas daily. Nigerian banks financed 77% of the project, and host communities will supply 60% of the workforce. Tinubu's administration highlighted reforms aimed at attracting investment in Nigeria's energy sector.