Yaoundé - 22 April 2021 -

Cameroon’s LNG enters new global markets

Cameroon’s LNG enters new global markets
  • Comments   -   Friday, 29 January 2021 15:00

(Business in Cameroon) - The National Hydrocarbons Corporation of Cameroon (SNH) informs that as of December 18, 2020, 14,197,820 million BTU (Anglo-Saxon energy unit) of liquefied natural gas (LNG) was exported from floating LNG plant, Hilli Episeyo (in Southern Cameroon) to several destinations in Europe, Asia, and South America.

According to SNH, during the period, Cameroonian LNG found new destinations, such as ; Thailand, Pakistan, Kuwait, South Korea, and Turkey notably. With these new destinations, the SNH is therefore broadening its customer base and reconfiguring the geography of Cameroonian LNG market.

Prior to aforementioned developments, the LNG exported by SNH were mainly destined for the dynamic and ever expanding Asian markets (China, India, and Taiwan), which account for a massive 73% of the global LNG demand. A phenomenon that is driven by its shift away from coal to a gas powered economy.

The LNG carrier Hilli Episeyo is the first floating natural gas liquefaction project in Cameroon. It started production in March 12, 2018, thereby bringing Cameroon into the privy of global LNG producers.

Sylvain Andzongo

Minister of Decentralization and Local Development, Georges Elanga Obam (photo) recently expressed his concerns over the management of the...
Cameroon loses 40 to 50% of its cocoa seedlings in nursery plants every year because of climate change due to which dry seasons are increasingly longer....
On April 20, the Bank of Central African States (Beac) issued a pre-qualification notice for the selection of a technical and strategic partner to...
During the 2020-2021 cotton season, which will be concluded in the next few days, Cameroon Cotton Development Corporation (SODECOTON) is expected to...

Mags frontpage

Business in Cameroon n98: March 2021

State personnel Time for a slimming diet

More support to boost the Cameroonian industry’s competitiveness

Investir au Cameroun n108: Mars 2021

Personnel de l’Etat Un régime minceur s’impose

Un soutien à la compétitivité de l’industrie camerounaise