Equatorial Guinea floating LNG set for 2019
The floating LNG scheme could aid the development of remote gasfields around the continent
In a move which could advance the development of numerous remote gasfields around Africa, UK company Ophir is moving ahead with a floating liquefied natural gas (LNG) scheme for fields offshore Equatorial Guinea. The company and the US floating LNG specialist Excelerate Energy have signed an agreement with the government on terms, targeting the start of exports in 2019. Excelerate Energy is to build, own and operate a floating liquefaction, storage and offloading vessel (FLSO) for the development, and will head an engineering group which is expected to include Samsung Heavy Industries and Black & Veatch. Upstream interests are Ophir with 80% and the state’s GEPetrol with 20% (carried unt
Also in this section
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
