By OGJ editors
HOUSTON, July 20 -- ConocoPhillips has signed a license agreement with Equatorial Guinea LNG Holdings Ltd. (EG LNG) for the application and use of ConocoPhillips's proprietary natural gas liquefaction technology, the Phillips Optimized Cascade LNG Process.
The technology will be used at the EG LNG liquefaction plant, an LNG facility to be constructed on Bioko Island, near Malabo, Equatorial Guinea.
The agreement authorizes use of the technology in the first train of the EG LNG facility and includes options to license two additional trains.
Train one is designed to produce 3.4 million tonnes/year of LNG with first production slated for late 2007. Participants in the first train are wholly owned subsidiaries of Marathon Oil Corp. and GEPetrol, the state oil firm of Equatorial Guinea.
The contract marks ConocoPhillips's eighth LNG license and its first for a plant in Central Africa.