The commissioning of the first phase of the Alén Gas Hub-Backfill project intended for the treatment of gas at Punta Europa by Noble Energy EG Ltd, a subsidiary of the American group Chevron, should generate over 4.5 million euros for the entire project. dollars over the next seven years.
The construction of a 70 km (43.5 mile) pipeline with a capacity of 950 million cubic feet of natural gas equivalent per day (MMcfe / d) at a cost of $ 475 million allows gas from the Campo Alén located in the Douala basin is treated in existing facilities maximizing the exploitation of current and future gas resources.
The commissioning of the 68 km Alén-Backfilling gas pipeline will connect the Punta Europa facilities to the Alén unit and operated by the company Chevron announces the start of the marketing of additional quantities of liquefied natural gas, of certain quantities of condensate and LPG. “As a company, we are proud to be a strategic member in this joint effort and look forward to continuing to contribute to the economic and social development of the country,” said Gene Kornegay, Vice President and Country Manager of Noble Energy EG Ltd .
The Alén Gas monetization project is an important step in the materialization of Equatorial Guinea’s gas Mega Hub, the government of Equatorial Guinea said. A presence that will be strengthened through the development of a large gas processing center whose role is to support the gas industry. In particular, the current project facilitates the transport of gas from the place of production on the high seas to the onshore facilities at Punta Europa where the Alba and EG LNG plants are located.
Its treatment and transformation into liquefied natural gas (LNG) is an asset for the national economy through the creation of jobs and the income that the country derives from it, consolidating Equatorial Guinea’s place among the main producers in the country. oil and gas industry in Africa. With the implementation of this project, total revenues are estimated at over $ 4.5 trillion, including over $ 1.5 billion to the State of Equatorial Guinea during the seven years of the project.