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Yaoundé - 22 July 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

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