By Cyber Era Staff
EG
LNG, the LNG liquefaction and export terminal located on Equatorial Guinea’s
Bioko Island, has celebrated the loading of its 700th LNG
cargo. The terminal has been successfully operating for thirteen years, and
remains one of sub-Saharan Africa’s landmark energy projects.
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
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.
“We sincerely congratulate all the team of EG LNG on this remarkable
achievement and on making the entire nation proud,” declared Minister of Mines
and Hydrocarbons, Gabriel Mbaga Obiang Lima. “Through projects such as EG LNG,
the country has positioned itself as an African energy leader and will continue
to provide the right environment for companies to invest in such assets and
lead Africa towards greater prosperity.”
