TotalEnergies Sells 10% Stake in Nigerian Renaissance JV to Vaaris
NATURAL GAS
TotalEnergies EP Nigeria signed an agreement with Vaaris to sell its non-operated 10% stake in 15 licenses of the Renaissance joint venture in Nigeria, which produced 16,000 bep/d in 2025. The sale includes a 10% stake in three additional gas licenses, while TotalEnergies retains its full economic interest in these licenses, which account for 50% of Nigeria LNG's gas supply. The transaction is subject to regulatory approval.

Jan 15, 2026, 6:03 AM