Equatorial Guinea: Malabo in LNG MoU with Burkina

Equatorial Guinea’s Ministry of Mines and Hydrocarbons has signed a memorandum of understanding (MoU) with Burkina Faso to supply liquefied natural gas (LNG) and build the infrastructure to import, store and transport it. Under the initial three-year agreement, both sides will negotiate an LNG sales and purchase agreement and a terminal use agreement. The MoU also calls for EG to explore and produce oil and gas in Burkina Faso.