EG LNG (also known as Punta Europa LNG) is a
liquefied natural gas
Liquefied natural gas (LNG) is natural gas (predominantly methane, CH4, with some mixture of ethane, C2H6) that has been cooled down to liquid form for ease and safety of non-pressurized storage or transport. It takes up about 1/600th the vol ...
(LNG) company that operates an LNG terminal and plant at
Malabo
Malabo ( , ; formerly Santa Isabel) is the capital of Equatorial Guinea and the province of Bioko Norte. It is located on the north coast of the island of Bioko, ( bvb, Etulá, and as ''Fernando Pó'' by the Europeans). In 2018, the city had a ...
, the capital city of
Equatorial Guinea
Equatorial Guinea ( es, Guinea Ecuatorial; french: Guinée équatoriale; pt, Guiné Equatorial), officially the Republic of Equatorial Guinea ( es, link=no, República de Guinea Ecuatorial, french: link=no, République de Guinée équatoria ...
located on
Bioko Island
Bioko (; historically Fernando Po; bvb, Ëtulá Ëria) is an island off the west coast of Africa and the northernmost part of Equatorial Guinea. Its population was 335,048 at the 2015 census and it covers an area of . The island is located of ...
. The LNG plant began operation in 2007 and the first cargo of LNG was delivered on 24 May 2007.
LNG plant
The plant's
train (liquefaction and purification facility) 1 has a capacity of 3.4 million metric tonnes per annum. Several systems are in places such as feed gas metering,
liquefaction
In materials science, liquefaction is a process that generates a liquid from a solid or a gas or that generates a non-liquid phase which behaves in accordance with fluid dynamics.
It occurs both naturally and artificially. As an example of th ...
,
refrigeration
The term refrigeration refers to the process of removing heat from an enclosed space or substance for the purpose of lowering the temperature.International Dictionary of Refrigeration, http://dictionary.iifiir.org/search.phpASHRAE Terminology, ht ...
,
ethylene
Ethylene (IUPAC name: ethene) is a hydrocarbon which has the formula or . It is a colourless, flammable gas with a faint "sweet and musky" odour when pure. It is the simplest alkene (a hydrocarbon with carbon-carbon double bonds).
Ethylene ...
storage, boil off gas compression, product transfer to storage and LNG product metering.
[
] The EG LNG plant utilizes the ConocoPhillips Optimized Cascade (SM) Process.
[
]
A planned second train will produce 4.4 million metric tonnes of LNG per annum. In addition to the construction of the second train, the US$3 billion project includes construction of three
gas pipelines to connect Nigeria, Cameroon and Equatorial Guinea
gas field
A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations.
Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence ...
s with the LNG plant. In addition to the shareholders of the Train 1, Unión Fenosa Gas, a joint venture of
Unión Fenosa
''Unión Fenosa, S.A.'' was, until its acquisition by ''Gas Natural'' in 2009, a large Spanish company dedicated to the production and distribution of gas and electricity.
It installed capacity of 11,120 megawatts of power and 8.9 million custome ...
,
Eni
Eni S.p.A. () is an Italian multinational energy company headquartered in Rome. Considered one of the seven "supermajor" oil companies in the world, it has operations in 69 countries with a market capitalization of US$54.08 billion, as of 11 Ap ...
, and
E.ON will also participate in this project.
[
]
As a result, Train 2's ownership structure will be Sonagas 40%, Marathon 35%, Mitsui 8.5%, Marubeni 6.5%,
Galp Energia 5% and
Gas Natural Fenosa
Naturgy Energy Group S.A''.'', formerly ''Gas Natural Fenosa'' (), is a Spanish multinational natural gas and electrical energy utilities company, which operates primarily in Spain. The company's administrative headquarters are in Barcelona, whil ...
5%.
Bechtel
Bechtel Corporation () is an American engineering, procurement, construction, and project management company founded in San Francisco, California, and headquartered in Reston, Virginia. , the '' Engineering News-Record'' ranked Bechtel as the se ...
was awarded the
FEED contract for the second train in August 2006.
Shareholders
The shareholders in EG LNG Co are:
*
Marathon Oil
Marathon Oil Corporation is an American company engaged in hydrocarbon exploration incorporated in Ohio and headquartered in the Marathon Oil Tower in Houston, Texas. A direct descendant of Standard Oil, it also runs international gas operations ...
(60%);
*
Sonagas, the National Gas Company of Equatorial Guinea (25%);
*
Mitsui
is one of the largest ''keiretsu'' in Japan and one of the largest corporate groups in the world.
The major companies of the group include Mitsui & Co. ( general trading company), Sumitomo Mitsui Banking Corporation, Nippon Paper Industries ...
& Co., Ltd. (8.5%);
*
Marubeni
(, OSE: 8002, NSE: 8002) is a '' sōgō shōsha'' (general trading company) headquartered in Nihonbashi, Chuo, Tokyo, Japan. It is one of the largest ''sogo shosha'' and has leading market shares in cereal and paper pulp trading as well as a s ...
Corporation (6.5%).
[
]
See also
* Energy in Equatorial Guinea Energy in Equatorial Guinea is an industry with plenty of potential, especially in the fields of oil and natural gas. However, production has been declining in recent years due to under-investment and lack of new discoveries. In 2022, the country p ...
References
External links
Equatorial Oil's EG LNG page
{{Coord, 3.7837, 8.716, type:landmark, display=inline,title
Oil and gas companies of Equatorial Guinea
Energy infrastructure in Equatorial Guinea
Liquefied natural gas plants
Bioko
Marubeni
Non-renewable resource companies established in 2007
2007 establishments in Equatorial Guinea