Could gas-to-power help Equatorial Guinea develop a regional power economy?

For Equatorial Guinea, which enjoys a strategic position in the Gulf of Guinea, gas-to-power offers the potential to anchor the development of a regional power economy. Given its current energy output and relatively small population of 1.4 million, the country has been able to meet domestic energy demand with self-produced power to date.

Is gas-fired power generation a viable solution for Equatorial Guinea?

As Equatorial Guinea emerges as a leader in regional gas monetization, gas-fired power generation represents an attractive solution to fulfilling national electrification objectives, while meeting global decarbonization demands.

Will Equatorial Guinea build a LNG storage and regasification plant?

In August 2019, Equatorial Guinea announced its plans to develop an LNG storage and regasification plant, to be built at the port of Akonikien on the southern border of the mainland by local contractor Elite Construcciones.

Should oil companies lift LNG cargoes in Equatorial Guinea?

As a result, Equatorial Guinea is inviting independent and state-backed oil companies to lift LNG cargoes, with incentives of an attractive royalty scheme and strong government support.