logoBC
Yaoundé - 08 December 2019 -
Hydrocarbons

Cameroon attracted $150mln with the Kribi FLNG

Cameroon attracted $150mln with the Kribi FLNG
  • Comments   -   Tuesday, 05 February 2019 16:59

(Business in Cameroon) - Cameroon’s national oil company (SNH) presented the outcomes of commercial operations, since last year, of the Floating Liquefied Natural Gas-FLNG in Bipaga, off Kribi.

According to the related document, Cameroon benefited from $150 million, or about XAF86 billion as upstream investment in this infrastructure, generating 700 jobs on the Bipaga sites under construction, 95% of workers being locals ; about 100 permanent jobs at the Bipaga processing unit while 130 other permanent jobs were created by Golar group in Douala on the Hilli Episeyo plant. In addition, Golar’s contribution to the Local Capacity Development Special Account under the Gas Code is estimated at $3.75 million.

This pushed Cameroon to the 20th position of world’s largest LNG-producing countries and the country has seen an increase in local LPG (domestic gas) supply by about 30,000 tons per year, or one third of the demand ; a step forward that cut government subsidy on the selling price of a cylinder of gas on the local market.

S.A

cameroon-new-issuance-of-fungible-treasury-bills-on-beac-market
On December 4, 2019, the Cameroonian Treasury proceeded to the issuance of a 26-week fungible treasury bills on the market of the Bank of Central African...
cameroon-35-of-gas-stations-are-located-in-rural-areas-ministry-of-energy
In Cameroon, 35% of the 835 gas stations in operation as of October 28, 2019 (for the 54 state-approved companies), are located in rural areas. This was...
cameroon-increased-daily-drinking-water-production-by-96-376-m3-between-2018-and-2019
In Cameroon, the national drinking water production increased from 731,080 m3/day to 824,456 m3/day between 2018 and 2019, according to recent data from...
cameroon-safacam-plans-to-invest-xaf3-5-bln-to-extend-its-oil-palm-and-hevea-plantations-in-dizangue
In Cameroon, the Ministry of State’s Property and Land Tenure recently granted an additional 2,000 hectares of land to Société Africaine forestière et...

Mags frontpage


Business in Cameroon n81: November 2019

The growing weight of Moroccan banks in Cameroon


Made in Cameroon products gradually take over supermarkets


Investir au Cameroun n91: Novembre 2019

Le poids croissant des banques marocaines au Cameroun


Le Made in Cameroon progresse dans les supermarchés