Equatorial Guinea launches gas megahub project
The African Energy Chamber (AEC) welcomes the launch of Equatorial Guinea’s natural gas megahub project phase 1 as a key initiative towards gas utilization and monetization in the Gulf of Guinea.
The plans of Equatorial Guinea’s Ministry of Mines and Hydrocarbons to build a gas megahub aggregating gas from upstream projects to deliver it to onshore industries were first revealed at the Africa Oil & Power Investor Forum in May 2018 in London by H.E. Gabriel M. Obiang Lima, Minister of Mines and Hydrocarbons.
The announcement followed the signing of an agreement with American independent Noble Energy to supply gas from the Alen and Aseng fields to the Punta Europa Terminal, in order to replace declining output from the Alba field.
The project will notably entail the building of new infrastructure to link existing and new upstream projects with the Punta Europa gas processing hub as a primary industrial gas user in the region.
The AEC board welcomes the initiative as major step towards developing a stronger African natural gas market and recognizes the role of Equatorial Guinea’s initiatives such as LNG2Africa in creating new markets for Africa’s natural gas and LNG in the region.