Akonikien LNG Terminal

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Akonikien LNG Terminal is a proposed LNG terminal in Port of Akonikien, Equatorial Guinea. There have been no development updates in over four years and the project is presumed cancelled as of July 2024.

Location

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Project Details

• Operator:
• Owner: Corban Energy Group
• Parent company: Corban Energy Group
• Location: Port of Akonikien, Equatorial Guinea
• Coordinates: 1.832933, 9.741385 (approximate)
• Capacity:
• Status: Cancelled
• Type: Import
• Start Year: 2020

Background

Equatorial Guinea is set to construct West Africa’s first LNG storage and regasification plant. The plant will be built by American manufacturer Corban Energy Group and spearheaded by local construction and engineering firm Elite Construcciones. German companies ESC Engineers and Noordtec are also working closely with Elite Construcciones in design, development and construction of the LNG project. The Akonikien LNG project will have a storage capacity of 14,000 cu mtr with 12 bullet tanks. The tanks will have a capacity of 1,228 cu mtr and dimensions of 31 mtr x 9.3 mtr x 8.8 mtr. Each tank is estimated to require 12 hours to complete the 12,000 mtr distance from the port to the new plant.

The storage plant will be located at the Port of Akonikien on the country’s mainland. This will enable transportation and storage of LNG from the country’s LNG plant at the Punta Europa LNG Terminal on Bioko Island, to Akonikien on the southern border of the mainland. It will then be fed into the regasification plant to be distributed to smaller-scale power plants and LNG power stations throughout the country, as well as exported to neighbouring countries. Elite Construcciones will also install a truck loading station and 12 km of 10 inch gas and diesel pipelines. This terminal will be the the first of many upcoming projects under the LNG2Africa initiative. LNG2Africa has a clear objective of developing small-scale LNG projects to supply gas to countries and regions with limited infrastructure. LNG2Africa initiative was launched by the Ministry of Mines and Hydrocarbons in 2018. The initiative seeks to facilitate production and trade of LNG through creation of domestic gas-to-power infrastructure and intra-African LNG industry.

There have been no development updates in over four years and the project is presumed shelved as of July 2024.