French independent Perenco has reached a final investment decision (FID) for a 0.7Million Tonne Per Annum (0.7MMTPA) Liquefied Natural Gas (LNG) project in Gabon
The facility, with a $1Billion invoice, will be sited at the Cap Lopez terminal.
Scheduled for commissioning in 2026, the Gabon LNG will be the smallest LNG export facility on the continent, coming after Cameroon’s 1.2MMTPA Floating LNG, the Hilli Episayo. which it also operates.
Perenco, currently the largest hydrocarbon upstream operator in Gabon, hopes to produce 20,000Tonnes of Liquefied Petroleum Gas ( butane) per year for the domestic market, alongside the export LNG product. The company has not disclosed which hydrocarbon field the gas will be extracted from.
Perenco has been involved in the Gabonese natural gas market since 2007, when it started supplying the molecules to power plants in the country’s two major cities: Libreville and Port-Gentil. The LNG project will be its first gas export facility.