TotalEnergies has made its move to divest interests in the SPDC joint venture (JV) seven months after Shell did the same. However, the French player will retain its stake in gas supply to Nigeria LNG (NLNG), as liquefied natural gas (LNG), alongside offshore oil and gas assets, are part of the firm’s business strategy.

SPDC Chappal Energies Nigeria Limited Niger Delta Aradel Energy Nicolas Terraz President Exploration Akpo West South Africa Finance Moreover France UK-headquartered NLNG NAOC Renaissance