Togo signs MoU with Equatorial Guinea to import LNG from the latter

Energy

Tuesday, 10 April 2018 16:31

Togo signs MoU with Equatorial Guinea to import LNG from the latter

(Togo First) - Togo and Equatorial Guinea signed last week a memorandum of understanding (MoU) under which the second nation will supply the first liquefied natural gas (LNG).

The MoU was signed by Togo’s minister of energy, Marc Dèdèriwè Abli-Bidamon (photo), and Equatorial Guinea’s minister of oil and gas, Gabriel Mbaga Obiang Lima.

The agreement falls under the LNG2AFRICA initiative which aims to ensure Africa’s supply in LNG. In this regard, Equatorial Guinea promotes the use of LNG, produced and processed in Africa, for Africa. “LNG can transform Africa and the continent must thus use its own gas,” said the Equatorial Guinean minister.

“It is vital for African nations to monetize their gas resources, and for populations in need of power to benefit from this cheap, cleaner and locally produced resource. Equatorial Guinea has committed to collaborate with its neighbors in the region to find solutions that will benefit all. We hope that our partnership with Togo will be sustainable,” added Gabriel Mbaga Obiang Lima.

Equatorial Guinea, let’s recall, is one of Africa’s largest LNG producers. It exports 3.4 million tons of LNG every year to various nations around the world.

Fiacre E. Kakpo

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