Punta Europa LNG Terminal

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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.

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Project Details

Train 1 Project Details

  • 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
  • Coordinates: 3.776, 8.7015 (exact)
  • Capacity: 3.7 mtpa, 0.53 bcfd
  • Status: Operating
  • Type: Export
  • Start Year: 2007

Train 2 Project Details

  • 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
  • Coordinates: 3.776, 8.7015 (exact)
  • Proposed Capacity: 4.4 mtpa, 0.63 bcfd
  • Status: Cancelled
  • Type: Export
  • Start Year:

Note: mtpa = million tonnes per year; bcfd = billion cubic feet per day

Background

Train 1 Background

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.[1][2] The project was completed in May 2007, and cost $1.5 billion.[3]

Train 2 Background

The project to build a second train at EG LNG has existed since the first train was finished in 2007. As of 2011, the plant's owners had contracted Bechtel to build the second train, which would have additional capacity of 4.4 million mtpa.[4]

According to a January 2017 article, the push for Marathon to build a second train is coming from the government of Equatorial Guinea. Marathon counters that the reserves that it still has available on the Alba gas field aren't even fully enough for the first train, let alone enough to justify building a second. The dispute also revolves around access to additional gas blocks, which the government is currently holding for use by a separate petrochemical facility.[5]

There have been no development updates since January of 2017 and train 2 is presumed to be cancelled.

Articles and resources

References

  1. About EG LNG, Equatorial Guinea LNG Holdings Ltd website, accessed June 2017.
  2. Equatorial Guinea: Operations, Marathon Oil website, accessed June 2017.
  3. Marathon and Partners Deliver First LNG Cargo From Equatorial Guinea Train 1 LNG Project Six Months Ahead of Original Schedule, Marathon Oil press release, 24 May 2007.
  4. Equatorial Guinea liquefied natural gas Train 2 integrated project, Creamer Media's Engineering News, 24 June 2011.
  5. Marathon stands up to Gabriel Obiang on EG LNG, Africa Energy Intelligence, 17 Jan. 2017.

Related GEM.wiki articles

External resources

External articles