Cameroon: VOG gas supply agreement not renewed
Issue 361
- 18 Jan 2018
| 1 minute read
Victoria Oil and Gas (VOG) announced on 5 January that its gas supply agreement with electricity distribution company Eneo Cameroon – a joint venture between private equity firm Actis, which has owned 56% of the company since 2014, and the Cameroonian government – has not been renewed. VOG subsidiary Gaz du Cameroun (GDC) was supplying 3-9mcf/d, 6mcf/d on average, accounting for around 53% of VOG’s production at Logbaba. Eneo owes GDC around $8.7m.
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