Equatorial Guinea will construct a natural gas megahub project that will better connect offshore production and onshore processing facilities. The massive project will create 2,000 to 3,000 direct and indirect jobs in the country and bring in more than $2 billion in revenues for the state.
The project is led by the Ministry of Mines and Hydrocarbons(MMH) in collaboration with oil and gas companies. The parties have pledged to ensure that Equatorial Guinea’s local companies are part of the value chain. The megahub’s task is to aggregate gas from upstream projects and deliver to onshore industry.
Africa.com reports that the gas megahub will link into other existing and future gas projects and maximize the gas infrastructure of Equatorial Guinea and potentially that of neighbour states.
The Minister of Mines and Hydrocarbons, mr. Mbaga Obiang Lima said: “This gas megahub project is totally unique in Africa and it requires an unprecedented level of cooperation between government and energy companies.”
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