EQUATORIAL GUINEA MAKES PLANS FOR GAS MEGA-HUB

Equatorial Guinea to construct a gas mega-hub.

Equatorial Guinea is planning to construct a natural gas mega-hub. The hub will consist of an offshore and onshore aggregation and processing facilities. It will also have an interlinked production with London government.

The first phase of the project involves implementing a new gas supply agreement signed between the MMH and Noble Energy. This agreement will replace some of the gas production lost since the Alba field declines. Noble Energy operates the Aseng fields, and also the Alen fields.

This phase will be led by the Ministry of Mines and Hydrocarbons (MMH) in collaboration with oil and gas companies.

Punta Europa gas complex, AMPCO methanol plant and Equatorial Guinea LNG plant will be receiving supplies of the gas produced. Punta Europa gas processing hub will be the primary industrial user of gas in the region.

With this new  infrastructure linking existing and new upstream projects, there will be a reduction in dependency on single upstream developments for industrial development. Also it will allow for the direction of gas to where the value is greatest.

Estimate shows that the project will bring US$2bn in revenues and also create 3000 direct and indirect jobs for the citizen of Equatorial Guinea. Moreover, it will ensure local companies are part of the value chain.

The gas mega-hub construction will make Equatorial Guinea a leading natural gas economy in sub-Saharan Africa.