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Browsing: Gulf of Guinea Gas Pipeline
- In August, Abuja and Malabo agreed to develop the Gulf of Guinea Gas Pipeline, an investment that’s poised to serve as a vital link between Nigeria’s gas reserves and Equatorial Guinea’s modern processing plants.
- Nigeria’s deal adds to another bilateral pact signed in March 2024 when Equatorial Guinea agreed with Cameroon to develop oil and gas projects along their shared maritime border.
- In both cases, however, political stability, regulatory clarity, and strong institutional frameworks will be vital in attracting investors.
In August, Nigeria and Equatorial Guinea signed a historic agreement to construct the Gulf of Guinea Gas Pipeline Project. This ambitious pact will see gas transported from the gas fields of Nigeria to Equatorial Guinea, where it will be processed at the latter’s state-of-the-art LNG facilities located at Punta Europa on Bioko Island.
The deal, which was signed by presidents Teodoro Obiang Nguema Mbasogo of Equatorial Guinea and Bola Ahmed …