Equatorial Guinea Set to Expand Energy Opportunities, Examine Second FLNG Project

The Republic of is set to expand its opportunities with the examination of a second floating liquefied natural (FLNG) project with .

The entered a binding agreement with OneLNG to explore the liquefaction and commercialization of offshore natural gas.

The details of the agreement are targeted to be set by the end of 2017.

OneLNG, along with , are currently developing the $2 billion project, set to transform Equatorial Guinea’s energy offerings and establish the country as a regional hub.

Fortuna FLNG will be ’s first deepwater FLNG project.

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