Aug 22, 2006

Total acquires interest in Nigeria's Brass LNG project

Total has acquired Chevron's interest in the Brass LNG project in the Niger Delta, 90 km west of Bonny Island, Nigeria. Its current partners are NNPC, Eni and ConocoPhillips.

Project sanction for the first two trains of Brass LNG is expected by year-end, with production scheduled to start up in 2011. Initially, two trains will be built, with a capacity of 5 MMTPA each, with most of the LNG intended for export to Europe and the U.S. The feed gas will be supplied from the partners' productions, with Total accounting for a third, or 570 MMCFD, over a period of at least 20 years.

The interest is in addition to Total's 15% stake in NLNG, whose capacity was recently expanded to nearly 18 MMTPA with the commissioning of Trains 4 and 5 earlier this year. Train 6, with a capacity of 4 MMTPA, is under construction and scheduled to come on stream in 2007.

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