Perenco strikes Etinde deal with New Age
Perenco has signed a deal to buy the Etinde stake held by New Age (African Global Energy) for an undisclosed amount, junior partner in the project Bowleven has said.
Perenco has signed a deal to buy the Etinde stake held by New Age (African Global Energy) for an undisclosed amount, junior partner in the project Bowleven has said.
Perenco will increase LNG exports from Cameroon in 2022, following the drilling of two or three wells this year.
New Fortress Energy has taken a final investment decision (FID) on its Fast LNG plan.
The Sanaga 2 platform has been installed off Kribi for Perenco, Cameroonโs state-owned Societe National des Hydrocarbures (SNH) has reported.
New liquefaction projects are unlikely for the time being, Golar LNG has said, but in the longer run its floating LNG (FLNG) technology is an attractive option for exporting gas.
Perencoโs floating LNG (FLNG) project in Cameroon has exported 29 cargoes to date and is planning a drilling campaign, in 2020, in order to prove up additional reserves.