African Energy Chamber
German Expertise is Behind West Africa's First LNG Storage and
Regasification Plant
20-Aug-2019 / 18:25 CET/CEST
German Expertise is Behind West Africa's First LNG Storage and
Regasification Plant
Johannesburg, 20 August 2019: German companies ESC Engineers and Noordtec
worked closely with Equatoguinean contractor Elite Construcciones on the
design, development and construction of the Akonikien LNG project in
Equatorial Guinea. The 14,000 cubic metres storage and regasification plant
was inaugurated this week by H.E. Gabriel Mbaga Obiang Lima, Minister of
Mines and Hydrocarbons, and is the first such facility in West Africa.
The project is part of Equatorial Guinea's LNG2AFRICA initiative that seeks
to develop small-scale LNG projects to supply African gas to African
countries and regions with limited infrastructure. The Akonikien plant will
be receiving LNG and distribute it to various industries on the mainland,
such as power and cement.
"German companies have once again demonstrated their ability to bring
valuable technical expertise and technology to meet Africa's growing and
complex energy needs," declared Sebastian Wagner, founder at the
Germany-Africa Business Forum (GABF). "More importantly, this project was
realized in cooperation with German SMEs, showing the increasing number of
private German companies able to work in collaboration with African entities
on key energy project. Germany has developed a strong expertise in gas,
power and renewables, which have all become central to the African energy
agenda."
Last month and in order to support the growing energy cooperation between
Germany and Africa, the GABF launched a multi-million Euro funding
commitment to invest in German energy startups that focus on Africa. The
funding commitment, which pledges funds to German startups with exposure to
African energy projects, is the first such intra-regional initiative. It
goes in line with Germany's renewed focus on Africa, with the Federal
Ministry for Economic Cooperation and Development (BMZ) providing new
stimulus to cooperation with the continent through the Marshall Plan with
Africa.
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(END) Dow Jones Newswires
August 20, 2019 12:25 ET (16:25 GMT)
