EG LNG lets FEED contract for second LNG train

By OGJ editors
HOUSTON, Aug. 29 -- Equatorial Guinea LNG Co. Ltd. (EG LNG) awarded a front-end engineering and design contract to Bechtel Corp. for initial work for a possible second LNG train with a capacity of 4.4 million tonnes/year of LNG on Bioko Island.

The scope of the contract includes feed gas metering, liquefaction, refrigeration, ethylene storage, boil off gas compression, product transfer to storage, and LNG product metering. The FEED work is expected to reach completion by the end of first quarter 2007.

EG LNG is in discussions with gas resource holders in Equatorial Guinea, Nigeria, and Cameroon to secure the required gas supply to support construction of Train 2. After securing adequate gas supplies and the completion of the FEED work, EG LNG expects to reach a decision of whether to proceed with Train 2 during 2007.

Currently, EG LNG is ahead of schedule in constructing the LNG Train 1 project, which will have a capacity of 3.4 million tonnes/year of LNG. The train is slated to begin first shipments in mid-2007. As of the end of the second quarter, the project's EPC work was 87% complete.

EG LNG envisions Equatorial Guinea as a potential regional gas hub, providing a means to commercialize the large volumes of stranded gas off the country's coast and other large gas resources in the Gulf of Guinea.

EG LNG interest holders are Marathon Oil Corp. 60%, state-owned Sonagas 25%, Marubeni Gas Development Co. Ltd. 6.5%, and Mitsui & Co. Ltd. 8.5%.

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