Malabo January 12, 2009

SONAGAS GE is pleased to announce, that in accordance with the policy of the Government of the Republic of Equatorial Guinea, on Thursday 8th January 2009 a Memorandum of Understanding Together was signed in Malabo, between SONAGAS GE (the National Gas Company of Equatorial Guinea), E.ON Ruhrgas, UNION FENOSA Gas and Galp Energia, for the creation and organization of a company that will be the owner of a Gas Gathering System in the Gulf of Guinea (Consortium 3G).

The aim of the company will be to select different projects for gas monetization, including domestic use of gas and export solutions, in particular gas that has already been discovered and is currently re-injected or flared in the zone of the Gulf of Guinea.

The project is in-line with the policy of the economic sub regional economical integration that the Government of the Republic of Equatorial Guinea is seeking to encourage.

In December 2008, the Republic of Equatorial Guinea became a member of the Gas Exporting Countries Forum (GECF), at the recent meeting of Ministers of Gas Exporting Countries held in Moscow, on the 22nd and 23rd December 2008.

On that occasion the Minister of Mines Industry and Energy of Equatorial Guinea, His Excellency Marcelino Owono Edu stated:

“…while developing new gas resources within the framework of the gas monetization policy of the country, the state will dedicate special attention toward the existing gas pricing structures to maximizing the state take in all the project, giving special mandate to and monitoring its implementations from the fully-owned state gas company SONAGAS GE…”