EG LNG, the LNG liquefaction and export terminal located on Equatorial Guinea’s Bioko Island, has celebrated the loading of its 700th LNG cargo today. The terminal has been successfully operating for thirteen years, and remains one of sub-Saharan Africa’s landmark energy project.
Operated by Marathon Oil Corporation with shareholders Marubeni, Mitsui & Co and state-owned Sociedad Nacional de Gas (SONAGAS), EG LNG has been a key contributor to the socio-economic development of Equatorial Guinea.
The plant allowed for the monetization of the Alba gas field and delivered its first cargo on May 24th, 2007. The plant was inaugurated by H.E. President Teodoro Obiang Nguema Mbasogo in October 2007, and has been delivering LNG to global markets ever since, including South America, Europe and Asia.
The plant is a source of pride for Equatorial Guinea and Africa, and is at the centre of the Punta Europa complex, currently undergoing expansion and diversification to further monetize domestic gas.