-- French oil giant and Nigeria's state oil company NNPC will invest $550 million to develop a gas-processing facility in the country, Bloomberg reports, citing an unnamed source.

-- An announcement will be made this week, according to Bloomberg.

-- The facility will supply gas to the Nigeria Liquefied Natural Gas plant--a consortium between NNPC, Shell, TotalEnergies and Eni, Bloomberg reports.

-- Neither TotalEnergies nor NNPC immediately responded to a request for comment from Dow Jones Newswires.

Full story: https://tinyurl.com/jce292xw

Write to Christian Moess Laursen at christian.moess@wsj.com

(END) Dow Jones Newswires

06-19-24 1008ET