$1.4 billion LNG project on Bioko Island.
The project was fast-tracked and the first cargo was exported in May 2007.
600 mmcfd of gas to be supplied from Alba Field.
Plant capacity offtake 3.4 million tons per year.
Output contracted long term to BG Group plc.
Two 136,000 m3 insulated storage tanks.
Berthing for tankers up to 160,000 m3 capacity.
Potential to expand into a regional hub for gas in the Gulf of Guinea.
Operated by Equatorial Guinea LNG Holdings Limited (EG LNG), which is a partnership company of:
- Marathon (60%)
- Sonagas (25%)
- Mitsui (8.5%)
- Marubeni (6.5%)
Output has been contracted to the BG Group who will purchase 3.4 million metric tons per year for a period of 17 years commencing in 2007.