Equatorial Guinea’s government has announced its plans to construct a natural gas megahub project, led by the Ministry of Mines and Hydrocarbons(MMH) in collaboration with oil and gas companies.
The project is envisioned to create 2-3,000 direct and indirect jobs for the citizens of Equatorial Guinea, with the state standing to receive more than $2 billion in revenues. The Minister of Mines and Hydrocarbons Gabriel Mbaga Obiang Lima noted that Equatorial Guinea is developing the leading natural gas economy in sub-Saharan Africa and leading the region in proving new technologies and concepts.
The gas megahub project will change the dynamic of future upstream gas projects in Equatorial Guinea, with a ready market promoting further exploration for gas.