Punta Europa LNG Terminal
| Part of the Global Gas Infrastructure Tracker, a Global Energy Monitor project. |
| Related categories: |
Punta Europa LNG Terminal, also known as Equatorial Guinea LNG or EG LNG, is an LNG terminal in Bioko Norte province, Equatorial Guinea.
Location
This map shows the location of the terminal, in Bioko Norte province, Equatorial Guinea.
Project Details
Train 1
- Operator: Equatorial Guinea (EG) LNG Holdings Ltd[1]
- Owner: Equatorial Guinea (EG) LNG Holdings Ltd[1]
- Parent: Marathon Oil (60%), Sonagas (Sociedad Nacional de Gas de Guinea Ecuatorial) (25%), Mitsui (8.5%), Marubeni Corporation (6.5%)[1]
- Location: Punta Europa, Bioko Norte province, Equatorial Guinea[2]
- Coordinates: 3.776, 8.7015 (exact)
- Capacity: 3.7 mtpa, 0.53 bcfd[1]
- Status: Operating
- Type: Export[2]
- Start Year: 2007[1]
Train 2
- Owner: Equatorial Guinea LNG Holdings Ltd
- Parent: Marathon Oil (60%), Sonagas (Sociedad Nacional de Gas de Guinea Ecuatorial) (25%), Mitsui (8.5%), Marubeni Corporation (6.5%)
- Location: Punta Europa, Bioko Norte province, Equatorial Guinea[2]
- Coordinates: 3.776, 8.7015 (exact)
- Proposed Capacity: 4.4 mtpa, 0.63 bcfd[2]
- Status: Cancelled
- Type: Export[2]
- Start Year: 2016[3]
Background
Train 1
Punta Europa LNG Terminal is an LNG terminal on Bioko Island, in Equatorial Guinea. It consists of a single train with capacity of 3.7 million metric tons per year (mtpa), or 0.53 billion cubic feet per day (bcfd). It is owned by a joint venture of four companies, with a majority stake held by U.S. company Marathon Oil.[4][5] The project was completed in May 2007, and cost $1.5 billion.[6]
In 2024, ConocoPhilips bought Marathon Oil, acquiring its stake in the project.[7]
Train 2
The project to build a second train at EG LNG has existed since the first train was finished in 2007. As of 2011, an MOU had been signed for the second train, and the plant's owners had contracted Bechtel to build it. The second train would have additional capacity of 4.4 million mtpa.[8][3] The planned FID was 2012, with first LNG trading in 2016.[3]
According to a January 2017 article, the push for Marathon to build a second train was coming from the government of Equatorial Guinea. Marathon countered that the reserves that it still had available on the Alba gas field weren't even fully enough for the first train, let alone enough to justify building a second. The dispute also revolved around access to additional gas blocks, which the government was holding for use by a separate petrochemical facility.[9]
As of 2021, there have been no project updates in over 4 years, and the expansion is presumed to be cancelled.
Articles and resources
References
- ↑ 1.0 1.1 1.2 1.3 1.4 International Group of Liquefied Natural Gas Importers (May 24, 2022). "Annual Report 2022 Edition" (PDF). GIIGNL. Retrieved July 13, 2022.
{{cite web}}: CS1 maint: url-status (link) - ↑ 2.0 2.1 2.2 2.3 2.4 "Equatorial Guinea LNG Project, Bioko Island, Punta Europa - Offshore Technology". Offshore Technology. Retrieved 2025-06-24.
- ↑ 3.0 3.1 3.2 "Signature of MoU for LNG Train 2 in Equatorial Guinea". Enerdata. 2011-05-05. Retrieved 2025-06-24.
{{cite web}}: CS1 maint: url-status (link) - ↑ About EG LNG, Equatorial Guinea LNG Holdings Ltd website, accessed June 2017.
- ↑ Equatorial Guinea: Operations, Marathon Oil website, accessed June 2017.
- ↑ "Marathon and Partners Deliver First LNG Cargo From Equatorial Guinea Train 1 LNG Project Six Months Ahead of Original Schedule". chron.com. 2007-05-24. Retrieved 2025-06-24.
{{cite web}}: CS1 maint: url-status (link) - ↑ Staff, LNG Prime (2025-06-12). "ConocoPhillips loads its first Equatorial Guinea LNG cargo". LNG Prime. Retrieved 2025-06-24.
- ↑ Equatorial Guinea liquefied natural gas Train 2 integrated project, Creamer Media's Engineering News, 24 June 2011.
- ↑ Marathon stands up to Gabriel Obiang on EG LNG, Africa Energy Intelligence, 17 Jan. 2017.
