OUR HISTORY
In January 2002, Marathon Oil Corporation acquired CMS Energy's interest in the Alba Field and together with the other Alba Field PSC Contractors (Noble Energy and Globex) and GEPetrol commenced a production expansion project. LNG
was selected as the preferred method for monetizing the Alba Field Gas. Bechtel Corporation was awarded the Front End Engineering Design (FEED) contract in November 2002. In November 2003, Bechtel completed the FEED work
and commenced pre-EPC groundbreaking activities at the plant site. In June 2004, the Final Investment Decision (FID) was approved. Subsequently, Mitsui and
Marubeni acquired 8.5% and 6.5% interest in EG LNG. In
2006, GEPetrol's 25% stake in EG LNG was transferred to SONAGAS, the newly formed national gas company of Equatorial Guinea.
The first LNG cargo was delivered on May 24, 2007, making EG LNG one of the world's fastest LNG projects from FID to
first cargo. The plant was inaugurated on October 17, 2007, by His Excellency President Teodoro Obiang Nguema
Mbasogo, whose distinguished guests included the Presidents of Nigeria, Ghana and Sao Tome.
From the beginning, emphasis has been
placed on the development of National staff and the integration of Nationals into the EG
LNG workforce. In addition, EG LNG has accomplished a great deal in the local community through its efforts to build national content, which includes initiatives to build capacity of
local vendors and contractors.
