Perenco carves put Gulf of Guinea LNG niche [Gas in Transition]

Perenco carves put Gulf of Guinea LNG niche [Gas in Transition]

-
Natural Gas News
Perenco carves put Gulf of Guinea LNG niche [Gas in Transition]

Summary

Anglo-French company Perenco appears to have found a niche for small-scale African LNG. By offering domestic fuel supply and reduced gas flaring, it has garnered government support for small-scale LNG production in Gabon, following on from its success in Cameroon. [Gas in Transition, Volume 3, Issue 6] by: Neil Ford

Perenco took the final investment decision on its $1bn project to develop a small LNG plant in Gabon in February. Following on from its success in developing the Hilli Episeyo floating LNG (FLNG) scheme in nearby Cameroon in 2018, it is again demonstrating that small associated gas reserves can be tapped to produce liquefied gas, providing host governments are sufficiently supportive. The new LNG plant will be built at Cap Lopez along with a new oil terminal, near Gabon’s second city, Port-Gentil. It will have a production capacity of 700,000 mt/year, making it the smallest LNG export scheme in Africa. It is expected on stream in 2026. Gabon’s Ministry of Oil and Gas and other regulators approved the project’s development in December 2022. Perenco has not said what form the project will take, but it appears to be a small onshore plant, although FLNG is also possible. While the ...