Etinde FLNG Terminal
| Part of the Global Gas Infrastructure Tracker, a Global Energy Monitor project. |
Etinde FLNG Terminal is a proposed LNG export terminal in Cameroon.
Location
Table 1: Location details
| Name | Location | Coordinates (WGS 84) |
|---|---|---|
| Etinde FLNG Terminal | offshore Cameroon, Cameroon[1] | 4.0237344, 8.903989 (approximate) |
The map below shows the approximate location of the terminal:
Project Details
Table 2: Infrastructure details
| Name | Facility type | Status | Capacity | Total terminal capacity | Offshore | Associated infrastructure |
|---|---|---|---|---|---|---|
| Etinde FLNG Terminal | export[2] | proposed[3] | 1.3 mtpa[4] | 1.3 mtpa | True | – |
Table 3: Cost
| Name | Facility type | Cost | Total known terminal costs |
|---|---|---|---|
| Etinde FLNG Terminal | export[2] | US$500,000,000[5] | US$500,000,000 |
Financing
No financing data available.
Table 4: Project timeline
| Name | Facility type | Status | Proposal year | FID year | Construction year | Operating year | Inactive year |
|---|---|---|---|---|---|---|---|
| Etinde FLNG Terminal | export[2] | proposed[3] | 2016[3] | 2024 (Pre-FID)[2] | – | – | – |
Ownership
Table 5: Ownership
| Name | Facility type | Status | Owners | Parent companies | Operator |
|---|---|---|---|---|---|
| Etinde FLNG Terminal | export[2] | proposed[3] | Bowleven [25%]; New Age (African Global Energy) Ltd [37%]; LUKOIL PJSC [37%][1][1][1] | LUKOIL PJSC [37.5%]; New Age (African Global Energy) Ltd [37.5%]; Bowleven [25.0%] | – |
Background
The FLNG project was proposed in 2016 as part of a larger deepwater development.[6] It was proposed to potentially include wellhead platforms tied back to an onshore gas processing plant based in Limbe, Cameroon. Options included a tieback to the Punta Europa LNG Terminal and Methanol onshore plant on Bioko Island in Equatorial Guinea, or using the Golar LNG-owned Cameroon FLNG project which operates at Perenco's Cameroon FLNG project, or using a new near shore small scale FLNG, being called Etinde FLNG Terminal. The Cameroon government has sanctioned the Etinde FLNG Terminal, but this option would require additional gas sources to be economically viable in the longer term. The Etinde Exploitation Authorisation (EA) includes a right for the government to terminate the EA early if development plans are not implemented by January 2021. New Age operates Etinde with a 37.5% working interest. Bowleven and Lukoil are partners with a 25% and 37.5% working interest, respectively.[7]
The final investment decision (FID) was originally expected in the end of 2020, but was delayed until the end of 2021.[8]
In March 2022, Energy Voice reported that the FID had been delayed once again to late 2022, citing the COVID-19 pandemic and resulting market volatility, and that the developers were considering exporting gas from the project via Equatorial Guinea.[9][10] In April 2022 Upstream reported that sanctions targeting Russia's Lukoil were also complicating development.[11]
In June 2022, a deal was announced under which Perenco would take over New Age's stake in the Etinde JV.[12]
In November 2023, Perenco had still not bought New Age's stake in the project, and Bowleven was reportedly seeking capital to maintain operations in anticipation of the change in operator. A barrier to the sale was government approval, which was expected in late 2023 or early 2024. Lukoil indicated that the project was still exploring the possibility of an FLNG.[13]
In their 2023 AGM presentation, Bowleven put forth the potential of FID in 2024 if Perenco successfully took operatorship.[14]
In January 2024, Perenco withdrew from the sale, leaving Bowleven to work on an updated plan to secure FID.[15]
Articles and Resources
Additional data
To access additional data, including an interactive map of LNG terminals, a downloadable dataset, and summary data, please visit the Global Gas Infrastructure Tracker on the Global Energy Monitor website.
References
- ↑ 1.0 1.1 1.2 1.3 https://connect.ihsmarkit.com/upstream-insight/article/phoenix/2660890/etinde-fixed-platforms-fid-targeted-in-2020.
{{cite web}}: Missing or empty|title=(help) - ↑ 2.0 2.1 2.2 2.3 2.4 (PDF) https://www.bowleven.com/system/files/uploads/financialdocs/agm-presentation-2023_1.pdf.
{{cite web}}: Missing or empty|title=(help) - ↑ 3.0 3.1 3.2 3.3 https://www.offshore-mag.com/field-development/article/16768889/multiple-gas-development-options-under-review-for-etinde-offshore-cameroon.
{{cite web}}: Missing or empty|title=(help) - ↑ https://allafrica.com/stories/201806110409.html.
{{cite web}}: Missing or empty|title=(help) - ↑ https://www.plsx.com/news/article/new-age-pushing-forward-with-cameroon-flng-plans/.
{{cite web}}: Missing or empty|title=(help) - ↑ "Multiple gas development options under review for Etinde offshore Cameroon". www.offshore-mag.com. Retrieved 2025-06-22.
- ↑ Etinde fixed platforms FID targeted in 2020, Connect Upstream Insight, January 29, 2020
- ↑ BloombergNEF LNG Export and Import Projects--Q4 2020, BloombergNEF, January 21, 2021
- ↑ Reed, Ed (2022-03-30). "Bowleven warns of complexity, financial strain on path to Etinde". Energy Voice. Retrieved 2022-05-31.
- ↑ Reed, Ed (2021-03-30). "Etinde FID delayed once more - News for the Energy Sector". Energy Voice. Retrieved 2022-05-31.
- ↑ Esau (i_esau), Iain (2022-04-05). "Troubled: Challenged West Africa gas scheme hit by sanctions on Russian partner | Upstream Online". Upstream Online | Latest oil and gas news. Retrieved 2022-05-31.
- ↑ Offshore Engineer. Bowleven, Lukoil Clear Path for Perenco to Take Over New Age's Stake in Etinde Block, Off Cameroon. July 18, 2022.
- ↑ "Participant in Lukoil project in Cameroon seeking capital in expectation of a protracted change in operator". interfax.com. Retrieved 2024-07-16.
- ↑ "AGM Presentation 2023" (PDF). Bowleven. 2023-12-06. Retrieved 2025-06-22.
{{cite web}}: CS1 maint: url-status (link) - ↑ "Perenco withdraws from planned Etinde acquisition offshore Cameroon". www.offshore-mag.com. Retrieved 2025-06-22.
