Equatorial Guinea: Shell signs MoU
Issue 328
- 22 Jul 2016
| 1 minute read
The Ministry of Mines and Hydrocarbons signed a memorandum of understanding (MoU) with Royal Dutch Shell on 4 July following the Anglo-Dutch company’s acquisition of BG Group. The MoU will enable greater collaboration between the two parties on numerous oil and gas-related projects, the ministry said. BG has a 17-year purchase agreement for all liquefied natural gas (LNG) produced by the EGLNG facility since 2007. “In addition to Shell’s heightened focus on existing activities in Equatorial Guinea’s oil and gas sector, the MoU facilitates the future entry of the firm into new hydrocarbons projects,” the ministry said.
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