Perenco Takes $1 Billion FID on LNG Unit in Gabon

Perenco. LNG

“We are pleased to be investing to help meet Gabon’s future energy demands, supporting the country in reducing emissions, and delivering a project that will also create hundreds of direct and indirect employment opportunities,” stated Perenco General Manager, Benoît de la Fouchardière, adding, “It also marks an important milestone for Perenco’s partnership with Gabon, a country where we have been operating for 30 years.”

With production targeted for 2026, the project is expected to result in Cap Lopez becoming an oil and gas terminal for the West African country, where Perenco operates both on- and offshore licenses as well as two floating offshore storage and offloading units.

Perenco purchased the Cap de Lopez terminal, and various fields in Gabon, from oil and gas supermajor, TotalEnergies, in 2021 at a cost of $350 million.

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Energy Capital & Power is the African continent’s leading investment platform for the energy sector. Through a series of events, online content and investment reports, we unite the entire energy value chain – from oil and gas exploration to renewable power – and facilitate global and intra-African investment and collaboration.
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