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Located at the Port of Akonikien, the landmark regasification plant will enable
Equatorial Guinea is revising its Hydrocarbons Law to incentivize
Home > News Articles > Equatorial Guinea to build West Africa''s first LNG storage and regas plantThe MSGBC Oil, Gas & Power conference remains the only event entirely dedicated to exploring energy opportunities in Mauritania, Senegal, The Gambia, Guinea-Bissau and Guinea-Conakry.Delegates are able to access high-level insights from African policymakers and government officials, one-to-one investor matchmaking services and exclusive oil and gas market forecasts. Amid first LNG exports and revitalized oil production, the Republic of Congo will host the inaugural forum on March 25-26, 2025, hosted by the Ministry of Hydrocarbons. Coal was the fossil fuel that powered the Industrial Revolution in the 19th century and is still extensively used today in power generation and heavy industry due to its availability and low cost, as well as its role in certain industrial processes such as steelmaking. Because burning coal produces large amounts of CO2 and other pollutants, phasing out unabated coal will be essential to meet net zero emissions targets.The coal supply includes production and imports minus coal that is exported or stored.Coal is extracted from underground or surface mines and comes in several types or ranks. Higher-ranked types like anthracite ("hard") and bituminous coal have a higher heating value and are used in industries such as steelmaking, while lower-ranked coals like sub-bituminous and lignite ("brown") coal are primarily used for electricity generation.Being durable and relatively easy to transport and handle, coal is one of the most widely-traded fossil fuels. The vast majority is transported on ships. Coal is still one of the most widely-used fuels for power generation because of its availability and low cost, though burning coal for power without capturing the CO2 is incompatible with international climate goals.Apart from power generation, coal is also used directly in high-heat industrial processes, notably steelmaking, and in some countries is used to heat homes and buildings. In non-energy applications, coal can be used to produce the industrial chemicals needed to make plastics and fertilizers.Thank you for subscribing. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter.The ratification of eight new production-sharing contracts in 2013 gave a much-needed boost to exploration activity in the country.The 2014 licensing round closedSeptember 30Bioko oil storage terminal to begin operations2018How does the community perceive Equatorial Guinea''s remaining upstream resources?The ratification of eight new production-sharing contracts in 2013 gave a much-needed boost to exploration activity in the country. It also proved that Equatorial Guinea''s offshore is still an attractive area for international oil companies to invest in.The 2014 licensing round, announced at the World Petroleum Congress in Moscow, is consistent with the ministry''s efforts to attract further foreign investment in Equatorial Guinea''s offshore regions.The licensing round commenced on July 1, 2014, and closed on September 30. All the available open acreage in the Equatorial Guinean offshore is on offer. The area is being divided into 14 separate blocks, which cover offshore Bioko Island and Río Muni, with an additional four blocks available offshore Annobón. How does the Bioko oil storage terminal fit into Equatorial Guinea''s plan to become a regional energy centre?The Bioko oil terminal is part of the country''s growth agenda. The aim is to take advantage of our strategic geographic location, and favourable business climate and the ability to access global physical flows of oil linking West and Central Africa with the rest of the world. Our intention is to build a terminal, which will be one of a kind in the region in terms of materiality and operational flexibility.Our vision is to create a regional storage centre for both refined products and crude, operated by an international and reputable terminal operator. We will provide the logistics infrastructure to support safe and reliable operations and eliminate current inefficiencies in the value chain.We will also tap into international trading flows and, in tandem, serve the local and regional supply agendas. During construction and operation, the project will provide a platform for job creation, technological know-how and a continuous cycle of training for our people. We expect that the operations around the terminal will create an inflow of supporting services in oil and shipping, strengthening Equatorial Guinea''s reputation as an international player.In addition, we anticipate that the project will be commissioned around three years after the beginning of construction. We expect construction to start in 2015 and the terminal to begin operations by the end of 2018.What does the development of an ambitious project, like the floating LNG platform in block R, suggest about the country''s energy industry? The installation of a floating LNG vessel in block R will be the first of its kind in offshore West Africa. The new floating LNG platform signals to the international oil and gas industry that Equatorial Guinea is a country where the MMIE will actively work with the operators to assist in the development of hydrocarbons. The experience gained through the successful development of the block R gas resources could also be applied to the development of any other deepwater gas resources that may be discovered in the future. About Equatorial guinea energy storage investment As the photovoltaic (PV) industry continues to evolve, advancements in Equatorial guinea energy storage investment have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity. When you're looking for the latest and most efficient Equatorial guinea energy storage investment for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy. By interacting with our online customer service, you'll gain a deep understanding of the various Equatorial guinea energy storage investment featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects. Equatorial guinea energy storage investment [PDF Free Download] Chat with us Related Contents Equatorial guinea energy storage investment Home energy storage equatorial guinea Data center energy storage equatorial guinea Guinea energy storage Grid-scale energy storage guinea Data center energy storage papua new guinea Papua new guinea energy storage industry Energy storage investment republic of china Georgetown energy storage investment Gambia energy storage investment Prague energy storage investment Energy storage investment trends tunisia
Home > News Articles > Equatorial Guinea to build West Africa''s first LNG storage and regas plant
The MSGBC Oil, Gas & Power conference remains the only event entirely dedicated to exploring energy opportunities in Mauritania, Senegal, The Gambia, Guinea-Bissau and Guinea-Conakry.
Delegates are able to access high-level insights from African policymakers and government officials, one-to-one investor matchmaking services and exclusive oil and gas market forecasts.
Amid first LNG exports and revitalized oil production, the Republic of Congo will host the inaugural forum on March 25-26, 2025, hosted by the Ministry of Hydrocarbons.
Coal was the fossil fuel that powered the Industrial Revolution in the 19th century and is still extensively used today in power generation and heavy industry due to its availability and low cost, as well as its role in certain industrial processes such as steelmaking. Because burning coal produces large amounts of CO2 and other pollutants, phasing out unabated coal will be essential to meet net zero emissions targets.
The coal supply includes production and imports minus coal that is exported or stored.
Coal is extracted from underground or surface mines and comes in several types or ranks. Higher-ranked types like anthracite ("hard") and bituminous coal have a higher heating value and are used in industries such as steelmaking, while lower-ranked coals like sub-bituminous and lignite ("brown") coal are primarily used for electricity generation.
Being durable and relatively easy to transport and handle, coal is one of the most widely-traded fossil fuels. The vast majority is transported on ships.
Coal is still one of the most widely-used fuels for power generation because of its availability and low cost, though burning coal for power without capturing the CO2 is incompatible with international climate goals.
Apart from power generation, coal is also used directly in high-heat industrial processes, notably steelmaking, and in some countries is used to heat homes and buildings. In non-energy applications, coal can be used to produce the industrial chemicals needed to make plastics and fertilizers.
Thank you for subscribing. You can unsubscribe at any time by clicking the link at the bottom of any IEA newsletter.
The ratification of eight new production-sharing contracts in 2013 gave a much-needed boost to exploration activity in the country.
The 2014 licensing round closedSeptember 30
Bioko oil storage terminal to begin operations2018
How does the community perceive Equatorial Guinea''s remaining upstream resources?
The ratification of eight new production-sharing contracts in 2013 gave a much-needed boost to exploration activity in the country. It also proved that Equatorial Guinea''s offshore is still an attractive area for international oil companies to invest in.
The 2014 licensing round, announced at the World Petroleum Congress in Moscow, is consistent with the ministry''s efforts to attract further foreign investment in Equatorial Guinea''s offshore regions.
The licensing round commenced on July 1, 2014, and closed on September 30. All the available open acreage in the Equatorial Guinean offshore is on offer. The area is being divided into 14 separate blocks, which cover offshore Bioko Island and Río Muni, with an additional four blocks available offshore Annobón.
How does the Bioko oil storage terminal fit into Equatorial Guinea''s plan to become a regional energy centre?
The Bioko oil terminal is part of the country''s growth agenda. The aim is to take advantage of our strategic geographic location, and favourable business climate and the ability to access global physical flows of oil linking West and Central Africa with the rest of the world. Our intention is to build a terminal, which will be one of a kind in the region in terms of materiality and operational flexibility.
Our vision is to create a regional storage centre for both refined products and crude, operated by an international and reputable terminal operator. We will provide the logistics infrastructure to support safe and reliable operations and eliminate current inefficiencies in the value chain.
We will also tap into international trading flows and, in tandem, serve the local and regional supply agendas. During construction and operation, the project will provide a platform for job creation, technological know-how and a continuous cycle of training for our people. We expect that the operations around the terminal will create an inflow of supporting services in oil and shipping, strengthening Equatorial Guinea''s reputation as an international player.
In addition, we anticipate that the project will be commissioned around three years after the beginning of construction. We expect construction to start in 2015 and the terminal to begin operations by the end of 2018.
What does the development of an ambitious project, like the floating LNG platform in block R, suggest about the country''s energy industry?
The installation of a floating LNG vessel in block R will be the first of its kind in offshore West Africa. The new floating LNG platform signals to the international oil and gas industry that Equatorial Guinea is a country where the MMIE will actively work with the operators to assist in the development of hydrocarbons. The experience gained through the successful development of the block R gas resources could also be applied to the development of any other deepwater gas resources that may be discovered in the future.
As the photovoltaic (PV) industry continues to evolve, advancements in Equatorial guinea energy storage investment have become critical to optimizing the utilization of renewable energy sources. From innovative battery technologies to intelligent energy management systems, these solutions are transforming the way we store and distribute solar-generated electricity.
When you're looking for the latest and most efficient Equatorial guinea energy storage investment for your PV project, our website offers a comprehensive selection of cutting-edge products designed to meet your specific requirements. Whether you're a renewable energy developer, utility company, or commercial enterprise looking to reduce your carbon footprint, we have the solutions to help you harness the full potential of solar energy.
By interacting with our online customer service, you'll gain a deep understanding of the various Equatorial guinea energy storage investment featured in our extensive catalog, such as high-efficiency storage batteries and intelligent energy management systems, and how they work together to provide a stable and reliable power supply for your PV projects.
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