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 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
