SONAGAS GE REAFFIRM ITS STRATEGIC ROLE IN THE EG-27 LNG PROJECT, WITH THE SUPPORT OF AFREXIMBANK AS FINANCIAL ADVISOR.

Source: AFREXIMBANK https://www.afreximbank.com/afreximbank-mandated-as-advisor-on-4-5-billion-eg-27-lng-project-in-equatorial-guinea/

The US$4.5 billion EG-27 liquefied natural gas (LNG) project continues to make steady progress thanks to the collaboration between key energy sector institutions. Within this framework, the African Export-Import Bank (Afreximbank) has been selected as financial advisor to support the structuring and mobilization of capital for the development of the project, in which the National Gas Company of Equatorial Guinea (SONAGAS GE) plays a central role.

The EG-27 project marks the first phase of development of the EBANO field, with estimated proven reserves of 3.8 trillion cubic feet of natural gas. The complex is expected to process 360 million standard cubic feet of gas per day, with an estimated production of 7,055 tons of LNG per day, equivalent to 2.4 million tons per year, over the next 20 years.

Afreximbank's Capital Markets and Advisory Division (ACMA) will contribute its financial structuring expertise and global network of investors to facilitate the financing of this ambitious project, designed to monetize the country's natural resources, strengthen its energy independence, and promote sustainable industrialization within the framework of the African Continental Free Trade Agreement (AfCFTA).

SONAGAS GE, as a national gas company, is consolidating its position as a key institution in Equatorial Guinea's energy transformation strategy, actively contributing to economic diversification and the country's projection in international energy markets.

The General Management of SONAGAS GE gratefully acknowledges the trust placed in this initiative and reiterates its commitment to developing projects that drive economic growth, social well-being, and regional integration.