February 28, 2018 / 9:05 AM / in 5 months

Total targets final decisions on Myanmar, Ivory Coast LNG projects this year

SINGAPORE (Reuters) - France’s Total expects to take a final investment decision (FID) on liquefied natural gas (LNG) import projects in Myanmar and Ivory Coast this year as part of the oil major’s expansion into emerging markets, an executive said on Wednesday.

The logo of French oil giant Total is pictured at its first gas station in Mexico City, Mexico January 25, 2018. REUTERS/Daniel Becerril

Jean-Pierre Mateille, vice president of trading at Total Gas & Power UK, said the company should reach FID for a project in Myanmar with a floating storage and regasification unit (FSRU), LNG supply and two power plants in the second half of 2018.

Total is ready to trigger its second major LNG infrastructure project in Ivory Coast as soon as the government gives the green light, he added.

Reporting by Oleg Vukmanovic; Editing by Christian Schmollinger

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