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On Monday April 1 EG LNG and the Country of Equatorial Guinea achieved a significant milestone with the signing of the backfill agreements to bring gas from Noble Energy’s Alen Field to Punta Europa and EG LNG in the first half of 2021.  Noble Energy are now on track to build a 65 kilometer, 24-inch pipeline from their Alen platform to Punta Europa to tie-in upstream of the Alba gas plant. 

The backfill agreements represent a life extension of our LNG plant that to date has loaded over 650 LNG tankers to the world.  I want to express my sincere gratitude to all the EG LNG employees for their hard work and dedication that are at the core of our business and that sustained success is now attracting new gas sources to our facility.  EG LNG is more than a company, it is an amazing, multi-national family, which every day operates the most safe and reliable LNG plant in the world.  The execution of the Alen project leverages existing capacity of the world-class Alba Gas Plant and EG LNG facilities.

Alen Backfill gas represents the beginning of a bright, new future for EG LNG and it also delivers on the vision of His Excellency Minister Gabriel Mbaga Obiang Lima of making Punta Europa and EG LNG the center of the Gas Mega Hub in the Gulf of Guinea. Identifiable by its iconic suspension bridge that spans over 350 meters in length, EG LNG and its Shareholders continue to work very hard to achieve this Gas Mega Hub vision by identifying additional gas sources beyond Alen that will not only secure a longer life for Train 1 but also hopefully provide the opportunity to expand on future LNG trains.

With the inclusion of backfill gas to EG LNG we will be facing a new administrative challenge to our current operation of only Alba field production. Multiple feed gas sources and multiple off takers requires us to keep precise track of gas volumes for each individual gas owner and treat all equitably in our operation and planning.  I am positive we will be fully up to this task as the Gas Mega Hub is the future of EG LNG.