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Equatorial Guinea's national gas company opens negotiations for LPG purchase


Published Nov 26, 2015
SONAGAS

The Ministry of Mines, Industry and Energy of Equatorial Guinea has announced that national gas company SONAGAS will begin marketing the State's share of liquefied petroleum gas (LPG) produced at the Alba Plant, on Bioko Island. SONAGAS has now opened negotiations with offtakers and will begin marketing its LPG production stake to international buyers from January 1, 2016.

SONAGAS is a 20 percent shareholder, alongside Marathon Oil (40 percent) and Noble Energy (40 percent), in LPG production at the Alba Plant, situated at the Punta Europa gas complex. The Alba Plant partners, SONAGAS and the Government of Equatorial Guinea have agreed that SONAGAS will market its 20 percent share of LPG production on behalf of the State.

Tags: SONAGAS




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