Akonikien LNG Terminal
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Akonikien LNG Terminal is a proposed LNG terminal in Port of Akonikien, Equatorial Guinea that is presumed to be shelved.[1]
Location
Project Details
- Owner: LNG2Africa Ltd[2]
- Parent company: Minister of Mines and Hydrocarbons[2]
- Location: Port of Akonikien, Equatorial Guinea[1]
- Coordinates: 1.056451, 9.639333 (approximate)
- Status: Shelved
- Type: Import[1]
- Start Year: 2020[3]
Background
According to 2019 details, the plant would be built by American manufacturer Corban Energy Group and spearheaded by local construction and engineering firm Elite Construcciones. German companies ESC Engineers and Noordtec were also working closely with Elite Construcciones in design, development and construction of the LNG project. The Akonikien LNG project would have a storage capacity of 14,000 cu mtr with 12 bullet tanks. The tanks would have a capacity of 1,228 cu mtr and dimensions of 31 mtr x 9.3 mtr x 8.8 mtr. Each tank is estimated to require 12 hours to complete the 12,000 mtr distance from the port to the new plant.[1]
The storage plant would be located at the Port of Akonikien on the country’s mainland. This would enable transportation and storage of LNG from the country’s LNG plant at the Punta Europa LNG Terminal on Bioko Island, to Akonikien on the southern border of the mainland. It would then be fed into the regasification plant to be distributed to smaller-scale power plants and LNG power stations throughout the country, as well as exported to neighbouring countries. Elite Construcciones would also install a truck loading station and 12 km of 10 inch gas and diesel pipelines. This terminal would be the the first of many upcoming projects under the LNG2Africa initiative. LNG2Africa has a clear objective of developing small-scale LNG projects to supply gas to countries and regions with limited infrastructure. LNG2Africa initiative was launched by the Ministry of Mines and Hydrocarbons in 2018. The initiative seeks to facilitate production and trade of LNG through creation of domestic gas-to-power infrastructure and intra-African LNG industry. [1]
Satellite imagery shows the presence of the bullet tanks in late 2018. The project was officially inaugurated in August 2019.[4]
In 2022, Egyptian company TAQA Arabia signed an agreement "for LNG and CNG projects in Equatorial Guinea, the supply of LNG in the Continental region using the Punta Europa Liquefaction Plant and the facilities under construction in Akonikien."[5]
Articles in early 2024 stated that Equatorial Guinea's "Gas Mega Hub" initiative could "pave the way for the construction of West Africa's first LNG storage and regasification plant, the Akonikien LNG Terminal," suggesting that the project had not yet been completed.[6]
There have been no decisive development updates since 2022 and the project is presumed to be shelved.
Articles and resources
References
- ↑ 1.0 1.1 1.2 1.3 1.4 West Africa to get its first LNG storage and regas plant, Projects Today, August 27, 2019
- ↑ 2.0 2.1 "Spearheading clean Energy — Elite Construcciones S.L." Elite Construcciones S.L. Retrieved 2025-06-24.
- ↑ Equatorial Guinea Year of Investment advances, despite challenges, Oil Review Africa, May 5, 2020
- ↑ celine (2019-08-21). "New LNG import terminal in Equatorial Guinea -". Retrieved 2025-06-24.
- ↑ "MMH". x.com. 2022-06-09. Retrieved 2025-06-24.
{{cite web}}: CS1 maint: url-status (link) - ↑ Cavcic, Melisa (2024-03-01). "US in prime position to be the driving force behind Africa's LNG and FLNG boom". Offshore Energy. Retrieved 2025-06-24.
