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Equatorial Guinea Models Success of U.S. Investment in African Gas (By Grace Goodrich)


Equatorial Guinea Models Success of U.S. Investment in African Gas (By Grace Goodrich)
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Grace Goodrich, Field Editor, Energy Capital & Power (www.EnergyCapitalPower.com)
U.S. operators – including Noble Energy, Marathon Oil and Chevron – have played a critical role in executing the first phase of Equatorial Guinea’s flagship Gas Mega Hub, serving as a model for future U.S. investment in gas value chains across the continent.
The African natural gas value chain has become the preferred destination for foreign direct investment – not only because the continent holds over 500 trillion cubic feet of proven reserves, but also because natural gas is a critical step in the global energy transition and provision of clean, affordable power. In the U.S., the Biden Administration has made clear its commitment to supporting developing countries in their own pursuit of low- or zero-carbon economies. Home to 1.3 trillion cubic feet ....

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