Yaoundé - 11 December 2018 -

The world’s second floating LNG enters production in Cameroon

The world’s second floating LNG enters production in Cameroon
  • Comments   -   Tuesday, 13 March 2018 11:59

(Business in Cameroon) - On March 12, 2018, Golar LNG announced that Hilli Episeyo has effectively started production. According to Reuters, Cameroon is the second country in the world’s second floating liquefied natural gas project after the project was launched in Malaysia by Petronas.   

In Africa, Cameroon is ranked the third liquefied natural gas producer but the two other countries (Nigeria and Angola) have land-based LNG.  

With a yearly production capacity of 1.2 million tons of LNG (this production will exclusively be sold to the Russian Gazprom during the first 8 years into production), the floating LNG will start producing the LNG before a land-based LNG  plant is set not too far from Kribi deep-water port. 

This floating LNG is the result of about CFA700 billion investment financed by Golar LNG. It will also produce about 30,000 tons of domestic gas each year and 5,000 barrels of condensate every day.  

Brice R. Mbodiam

Mags frontpage

Business in Cameroon n69: November 2018

Cameroon’s finance sector goes through rapid digitalization

Cashew, a sector with great potential, both for revenues and job creation

Investir au Cameroun n79: Novembre 2018

Le secteur financier camerounais se digitalise à grande vitesse

L’anacarde, un vaste potentiel de revenus et d’emplois