Project Profile
Value: US$3 billion
Location: Malabo, Bioko Island, Equatorial Guinea
Capacity: 4.4 million tpa (already a first train with 3.7 million metric tonnes per year)
Startup Year: 2007
EG LNG operates a 3.7 million metric tonnes per year Train 1 located in Malabo, Bioko Island. Train 1 is fed by approximately 600 million cubic feet per day (mmcfd) of gas from the Alba field.
The EG LNG consortium is aiming to build a US$4 billion second train with a capacity of 4.4 mtpa at the EG plant on Bioko Island, using much of the existing infrastructure from the first train.
Train 1 shareholders include Marathon Oil (60%), Sonagas, the national gas company of Equatorial Guinea (25%), Mitsui (8.5%) and Marubeni (6.5%), with 100% of the sales going to BG.
A Memorandum of Understanding (MoU) signed in April 2011 envisages that participants of T1 will fund and operate T2, but it also gives the upstream partners the right to sell their respective gas entitlements as LNG at international market prices. Feedstock for Train 2 is expected to come from associated gas from Blocks I, O (operated by Noble Energy) and R (operated by Ophir), all located in Equatorial Guinea (to avoid cross-border issues).
LNG would be marketed to Europe, Asia and South America. There is an aspirational FID target of 2013 followed by start-up in 2018. Ophir drilled three wells in Block R in 2011. The project includes feed gas metering, liquefaction, refrigeration, ethylene storage, boil-off gas compression, product transfer to storage and LNG product metering. The project will also include the development and construction of a pipeline from Nigeria to Punto Europa in EG.
Operators:
Consortium company: Equatorial Guinea LNG Holdings Limited, consisting of:
Marathon Oil Corp. : With 60% interest
Sonagas (Sociedad Nacional de Gas de Guinea Ecuatorial): With 25% interest
Mitsui & Co. : With 8.5% interest
Marubeni Corp.: With 6.5% interest
Consortium company: 3G Holding Ltd.
Union Fenosa (Gas Natural Fenosa)
Galp Energia SGPS SA
Contractors:
AMEC: FEED and EPC
Acergy: FEED and EPC
Bechtel Corporation: FEED for Train 2
WorleyParsons: Houston office is conducting FEED
Petrofac: Project management & engineering