TotalEnergies approved Ima gas development: TotalEnergies stock gains 1.21 percent

TotalEnergies (FR0000120271) stock was trading at EUR 76.41 at Lang & Schwarz on October 8, 2026 at 11:11 a.m. CEST, plus 1.21 percent versus the prior close of EUR 75.50. According to TotalEnergies on September 23, 2026, the company had taken the final investment decision for the Ima gas development in Nigeria.

Ima targets 350 million cubic feet daily

TotalEnergies will operate the project with a 40.00 percent interest, while partner AMNI holds 60.00 percent. The field is designed to reach plateau production of 350 million cubic feet per day, equivalent to more than 60,000 barrels of oil equivalent per day.

The project is scheduled to start production in 2028. Its single offshore platform will connect through a 22-kilometer pipeline to Nigeria LNG, in which TotalEnergies holds a 15.00 percent stake.

Gas supply links to Nigeria LNG expansion

The Ima field is expected to supply about one-third of the gas required for Nigeria LNG's Train 7 expansion. The expansion would lift liquefaction capacity from 22 million tons per year to 30 million tons per year, creating a direct connection between the project and regional LNG infrastructure.

For TotalEnergies, the project adds another development point to its integrated gas strategy, but the production contribution remains prospective because first output is scheduled for 2028. The 40.00 percent working interest also leaves the company exposed to execution, financing and construction risks during the development period.

Strategy sets a wider growth framework

In a September 28, 2026 strategy release, Business Wire reported that TotalEnergies confirmed a target of 4.00 percent annual energy production growth through 2030. The company also authorized USD 2.5 billion in share buybacks for the fourth quarter of 2026.

The strategy release outlined planned net investments of USD 14 billion to USD 17 billion per year from 2027 through 2032. These figures place the Ima development inside a broader capital program rather than treating it as a standalone production decision.

Stock trades above the prior close

At EUR 76.41, the Lang & Schwarz quote stood EUR 0.91 above the October 7, 2026 prior close of EUR 75.50. The move was positive but remained below the 3.00 percent threshold that would make the daily price change the article's main market event.

The further course of trading is shown by the continuously updated real-time quote of TotalEnergies stock.

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