London-based oil and gas firm Perenco said it had taken a final investment decision on a liquefaction plant in Gabon worth more than $1 billion.
According to Perenco, the facility located at its Cap Lopez oil terminal would produce about 700,000 tonnes of LNG and about 200,000 tonnes of LPG.
The project will see the transformation of Cap Lopez into both an oil and gas terminal.
Perenco’s unit in Gabon operates both onshore and offshore licenses in addition to two floating offshore storage and offloading (FPSO) units.
It expects that it would take about three years to complete the LNG production facility.
The Anglo-French firm did not reveal much information regarding the plant.
LNG Prime contacted Perenco regarding the matter, but we did not receive a reply by the time this article was published.
Perenco is already a partner in the Cameroon FLNG project with Cameroon’s national oil firm Societe Nationale des Hydrocarbures (SNH) and Golar LNG, the owner of the 2.4 MTPA Hilli FLNG.
Hilli started commercial operations in May 2018 under production tolling deals with Perenco and SNH.