Perenco Oil and Gas Gabon has reached final investment decision on construction of a 0.7-million tonne/year (tpy) LNG plant at Cap Lopez oil terminal in Gabon. The plant will take 3 years to build.
In addition to LNG, the plant will produce 20,000 tpy of butane. When combined with 15,000 tpy of LPG production expected to enter production this year, the new plant will make Gabon self-sufficient in butane as soon as 2026, according to Perenco. LNG will be exported.
To ensure operational continuity throughout construction, a 2-milllion bbl crude carrier (VLCC) has been stationed at Cap Lopez to store crude coming into the terminal. Perenco acquired Cap Lopez from TotalEnergies SE in 2021.
In addition to Perenco, BW Energy Gabon SA, VAALCO Energy Inc., and China National Offshore Oil Corp. are all producing from or developing fields offshore Gabon (OGJ Online, Jan. 9, 2023).