The JV is seeking better export terms and assurances on domestic demand
Etinde hinges on government talks
The future of the Cameroonian gas project depends on the outcome of commercial and contractual negotiations
Cameroon’s Etinde gas project has made technical progress, and its developers now expect to make FID in 2022, but only after concluding protracted negotiations with the government. Front-end engineering design was completed in January this year, but “much less progress has been made than we had expected regarding the various open commercial issues”, according to the UK’s Bowleven, which holds a 25pc stake in the development. Bowleven now expects to make FID before the end of the first quarter of 2022, although the decision had already been pushed back even before Covid-19 made negotiations with Cameroon’s government more difficult and oil price volatility impacted the project’s economics. Wh
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
