Togo: LNG storage and regasification installations to be built in partnership with Equatorial Guinea

Energy
Tuesday, 11 September 2018 18:06
Togo: LNG storage and regasification installations to be built in partnership with Equatorial Guinea

(Togo First) - Togo aims to diversify its gas supply and reduce its dependence on onshore pipelines. In that regard, with Equatorial Guinea, it is exploring the possibility to build liquefied natural gas storage and regasification facilities. It is also considering the possibility to conclude a sale and purchase agreement for an LNG terminal.

According to Marc Dedèriwè Ably-Bidamon (photo), the energy and mines minister, this project falls within the framework of the government’s ambition to have sufficient gas to satisfy its population’s need. During Equatorial Guinea’s LNG installations, the minister estimated that the implementation of such project would be a considerable asset.

In line with the government’s ambition, a framework agreement was signed in April 2018 in Lomé by Marc Dedèriwè Ably-Bidamon and his Equatorial Guinean peer Gabriel Mbaga Obiang Lima for LNG supply.

It is fundamental for African countries to monetize their gas and for energy users to benefit from this cheaper and cleaner resource produced locally. Equatorial Guinea is committed to helping its neighbors find win-win solutions. We expect a strong partnership with Togo”, Gabriel Mbaga Obiang Lima said at the time.

Séna Akoda

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