Gas Processing & LNG is Produced by Gulf Publishing Holdings LLC



Togo and Equatorial Guinea sign Liquefied Natural Gas deal

LOMÉ, Togo, (GLOBE NEWSWIRE) -- Equatorial Guinea’s Minister of Mines, and Hydrocarbons H.E. Gabriel Mbaga Obiang Lima and Togo’s Minister of Mines and Energy H.E. Marc Dèdèriwè Abli-Bidamon have signed a cooperation agreement to facilitate the trade in liquefied natural gas between the two countries.

TOGO
The new memorandum of understanding creates a framework for Togo to import LNG produced in Equatorial Guinea. MAP SOURCE: EWA

The new memorandum of understanding, signed last week by the ministers, creates a framework for Togo to import LNG produced in Equatorial Guinea. The agreement is part of the LNG2Africa initiative, in which Equatorial Guinea is promoting the utilization of LNG within Africa, using gas sourced and processed in Africa. Togo will study the import, regasification of LNG, and its use for power generation.

“As an established LNG producer since 2007, and with a floating LNG in the works, we know the power of this fuel to transform Africa,” said H.E. Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of Equatorial Guinea. “It is imperative that African nations monetize their gas, and that energy users benefit from this cheaper, cleaner, locally produced resource. Equatorial Guinea is committed to working with its neighbors in the region to find solutions that bring benefit to us all. We look forward to a strong partnership with Togo.”

Companies Elite Construcciones, Norgas and General Electric took part in the visit and discussed the potential for small scale LNG trade within West Africa. Following the signing of the agreement, H.E. Gabriel Mbaga Obiang Lima visited Lomé port.

Prior to signing the MoU with his Togolese counterpart, H.E. Gabriel Mbaga Obiang Lima paid a working visit to the Minister of Energy of Burkina Faso H.E. Bechir Ismael Quedraogo. Both ministers and their technical teams worked on the implementation of the MoU signed between Equatorial Guinea and Burkina Faso in September 2017, also under the LNG2Africa initiative. The parties presented a detailed plan to supply LNG to power plants in Burkina Faso. Once approved, Burkina Faso will immediately benefit from LNG supplies from Equatorial Guinea.


Copyright © 2018. All market data is provided by Barchart Solutions. Futures: at least a 10 minute delay. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.

                                  CMEGroup                                     Icelogo

FEATURED COLUMNS

Editorial Comment
-Adrienne Blume
As discussed in the HPI Market Data 2019 report, published in November by Gas Processing & LNG’s sister publication, Hydrocarbon Processing, rising propane and ethane supplies in the US have been enabled by greater production of shale gas.
Industry Trends: Norway targets global LNG market
-Eugene Gerden
Norway aims to become a leading player in the global LNG market during the next several years through the establishment of new, large-scale LNG terminals.
Regional Focus: Challenges of scaling up Africa’s LNG production
-Shem Oirere
Several gas projects are underway in Africa, but they continue to be constrained by inadequate infrastructure, slow finance mobilization, lack of security and uncertainty over hydrocarbon regulations that are casting doubt on the outcome of the continent’s drive to meet its anticipated 128% gas demand increase by 2040.


GasPro 2.0: A Webcast Symposium

Register Now

The global LNG industry is becoming increasingly interconnected as grassroots export projects get off the ground. Another technology route for processing gas into fuels—GTL—is attracting renewed attention due to improving economics. Small-scale solutions for both LNG and GTL are at the forefront of new technological developments, while major projects using more conventional technologies continue to start up around the world.

During this webcast, we will focus on LNG, GTL, gas processing technology developments and deployments, operations, small-scale solutions, transportation, trading, distribution, safety, regulatory affairs, business analysis and more.

October 25, 2018 08:30 AM CDT

Register Now

 

Please read our Term and Conditions, Cookies Policy, and Privacy Policy before using the site. All material subject to strictly enforced copyright laws.
© 2018 Gulf Publishing Holdings LLC.