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Equatorial Guinea LNG Project, Bioko Island, Punta Europa

Order Year

2004

Construction Started

2005

Project Type

Liquefied Natural Gas (LNG) terminal and pipeline

Location

Bioko Island, Equatorial Guinea

Estimated Investment

$1.4bn

Completion

Phase 1 – 2007; phase 2 – 2008

Production and Aim

Supply of Atlantic Basin with LNG resources

Sponsors

Marathon Oil (60%), Compania Nacional de Petroleos de Guinea Ecuatorial (GEPetrol) (25%), Mitsui & Co Ltd (Mitsui) (8.5%), Marubeni Corporation (Marubeni) (6.5%).

Leading Company

Equatorial Guinea LNG Company Limited (EG LNG Co)

Lead Contractors and Designers

Bechtel, Connoco Philips

LNG Supply Contract

BG Gas Marketing Ltd (BGML), a subsidiary of BG Group plc – a 17-year contract
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