SONAGAS GE strengthens its strategic contacts with Africa Finance Corporation to explore financing opportunities for the EG-27 project

Cape Town, South Africa, October 15, 2026. — SONAGAS GE continues to explore financial cooperation opportunities for the development of the EG-27 gas project through a working meeting held with representatives of Africa Finance Corporation (AFC), as part of African Energy Week (AEW) 2026, held in Cape Town.

The meeting included the participation of Mr. Juan Obama Akue Nchama, Project Manager of EG-27, and Ms. Isabel Omenye Bolekia, Head of International Markets at SONAGAS GE. They discussed with Mr. Ibitola Ukabam, Vice President of Investments at AFC, possible collaboration mechanisms aimed at evaluating development and financing opportunities for this strategic initiative in the national gas sector.

During the meeting, both parties exchanged views on the technical, commercial, and financial aspects that need to be analyzed to determine the project's viability and the requirements for its potential development.

In this context, the AFC representative expressed interest in learning more about the initiative and highlighted the importance of maintaining smooth coordination between the technical teams, as well as moving forward with the evaluation of possible financial structuring alternatives.

For SONAGAS GE, this approach represents an opportunity to expand its contacts with financial institutions specialized in developing African projects, helping to identify potential partners and financing mechanisms that contribute to the development of Equatorial Guinea's gas resources.

As the next step, both entities plan to hold a technical working session to dive deeper into the pending aspects, especially regarding technical and commercial feasibility, investment needs, financial conditions, and legal requirements.

The results of these analyses will allow them to assess the necessary conditions to continue with the project development and, if applicable, gradually move forward to future stages, such as the Final Investment Decision (FID), structuring and financial closing, and eventual start of production.

The meeting is particularly important in the context of national priorities focused on enhancing natural resources, attracting investments, and strengthening the energy sector, in line with the guidance of H.E. Obiang Nguema Mbasogo, Head of State and Government, and the drive of H.E. Teodoro Nguema Obiang Mangue, Vice President of the Republic.

Additionally, Equatorial Guinea's membership in the Africa Finance Corporation provides a reference framework for exploring opportunities for cooperation in investment and financing of strategic projects. AFC has experience in mobilizing capital and structuring financing for infrastructure and industrial development initiatives across the African continent.

With this meeting, SONAGAS GE reaffirms its interest in identifying cooperation opportunities that help drive the EG-27 project, promoting an approach based on a thorough assessment of its technical, commercial, and financial feasibility, as well as seeking possible partnerships that support the sustainable development of the national gas industry.

Source: Marketing, Communication, and Image Department of SONAGAS GE.

Photo: Ms. Margarita Martina Obono.