Equatorial Guinea’s Gas Mega Hub has established an effective cross-border gas strategy, laying the foundation for large-scale gas commercialisation and driving industrial development and economic growth in the process.
As the country pursues accelerated development of its 1.5 trillion cubic feet of natural gas reserves, Equatorial Guinea’s Ministry of Mines and Hydrocarbons (MMH) is implementing a national strategy to consolidate the country’s position as a regional gas leader. Through its Gas Mega Hub – designed to harness unexploited offshore domestic gas resources and those in the region – Equatorial Guinea has laid the foundation for large-scale gas commercialisation, driving industrial development and economic growth in the process.
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The Gas Mega Hub (GMH) has seen significant progress since its first announcement in 2018. The project’s first phase was the successful completion of the $330 million Alen gas monetisation project, which supplies gas from the Noble Energy-operated Alen Field to onshore gas-processing facilities at Punta Europa on Bioko Island.
The vision behind the Hub is to develop and expand domestic processing and off-take infrastructure to be supplied by regional reserves. By providing a base for natural gas commercialisation, and working collaboratively with neighbouring countries, Equatorial Guinea is establishing new supply opportunities for its Punta Europa facilities, while enabling the monetisation of regional reserves.
The second phase of the Hub comprises the establishment of additional hubs throughout the region. With over four trillion cubic feet of natural gas, Cameroon, for example, stands to significantly benefit from the GMH, as does Nigeria, with an incredible 200 trillion cubic feet of gas reserves. Both countries have several stranded gas fields on Equatorial Guinea’s maritime border, with the GMH offering critical commercialisation opportunities.