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Côte d’Ivoire: Lower gas demand undermines case for LNG imports

The success of Société des Energies de Côte d’Ivoire’s 275MW Soubré hydro plant has substantially undermined the commercial logic underpinning a proposed 3m t/yr liquefied natural gas (LNG) import terminal in Abidjan’s Vridi port. The challenge facing the project’s promoters, which include Total, Shell, Golar LNG, Azerbaijan’s Socar and Endeavor Energy, is not only to justify a gas offtake price higher than the $5.5-6.0/mBtu ceiling set by the government, but also to find a market for the gas at all.

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