Regulations in the Energy Sector. Equatorial Guinea''s energy sector is predominantly driven by oil and natural gas, along with a growing interest in renewable energy
Customer ServiceWhen completed, the project, which will include the construction of three gas pipelines measuring about 6,500 km (4,000 miles), storage depots and LNG terminals, will boost the energy capacity across the region.
Customer ServiceEquatorial Guinea''s Ministry of Mines and Hydrocarbons (MMH) has announced the adoption of the new Regulation of Petroleum Operations Regulation, Regulation No 2/2020 of 15 June 2020. The new regulation
Customer ServiceEquatorial Guinea seems to be ramping up its exploration opportunities to unveil its hydrocarbon potential as another firm, Panoro Energy, was recently awarded a 56 per cent participating interest and operatorship of Block EG-01 located offshore Equatorial Guinea.
Customer ServiceBy Antonio Oburu Ondo, Minister of Hydrocarbons and Mineral Development, Equatorial Guinea ExxonMobil has concluded its operations in Equatorial Guinea after almost three decades, fulfilling its intention, stated in 2022, to leave when its licenses expired. The departure of the American giant marks the close of a significant chapter in our Country''s
Customer ServiceRegulations in the Energy Sector. Equatorial Guinea''s energy sector is predominantly driven by oil and natural gas, along with a growing interest in renewable energy initiatives. The legal framework governing this sector is comprised of various laws and regulations designed to balance energy production with environmental sustainability. The
Customer ServiceThis law provides the legal framework for environmental management in Equatorial Guinea. It promotes the sustainable use of natural resources while aiming for sustainable human development in the country. The conservation, protection and management of natural resources are of common interest.
Customer ServiceThese Regulations apply to all Petroleum Operations conducted in Equatorial Guinea, whether onshore or offshore, internal and territorial waters, the exclusive economic zone and continental shelf under the terms of the Hydrocarbons Law.
Customer ServiceEquatorial Guinea''s Ministry of Mines and Hydrocarbons (MMH) has announced the adoption of the new Regulation of Petroleum Operations Regulation, Regulation No 2/2020 of 15 June 2020. The new regulation modernises Equatorial Guinea''s existing regulatory framework and is intended to maintain the country''s attractiveness for foreign investors.
Customer Service''Drill or drop'' has been the leading policy of Equatorial Guinea, in terms of aggressively urging operators to kick-start drilling campaigns and issuing a new set of license holders following its most recent oil and gas bidding round, EG Ronda 2019. This year, the MMH targeted increased foreign capital and E&P activities
Customer ServiceEcobank entered Equatorial Guinea in 2012, making it the newest addition to the domestic banking sector. Alfred Kasongo, Ecobank''s general director, explains the advantages of working in an emerging market, the regional monetary union and the potential of collaborative loan syndicates.
Customer ServiceOperational Guidelines for Scheme for Viability Gap Funding for development of Battery Energy Storage Systems by Ministry of Power : 15/03/2024: View(399 KB) Accessible Version : View(399 KB) National Framework for Promoting Energy Storage Systems by Ministry of Power: 05/09/2023: View(258 KB) Accessible Version : View(258 KB) Notification on Battery
Customer ServiceEquatorial Guinea is a Central African country comprising the Rio Muni mainland and 5 volcanic offshore islands. The country economy traditionally depended on three commodities; oil and petroleum which contributes 78% to the GDP and cocoa, coffee, and timber and considered as the third-largest producer of crude oil in sub-Saharan. The country''s GDP was at USD 10.02
Customer Servicedeveloping areas. Energy self-sufficiency has been defined as total primary energy production divided by total primary energy supply. Energy trade includes all commodities in Chapter 27 of
Customer ServiceI. Introduction. Equatorial Guinea features a distinctive energy landscape defined by its abundant fossil fuel resources. While the country maintains an electrification rate of 66%, notable challenges exist, especially in light of the global shift toward renewable energy.The reliance on hydrocarbons—particularly oil and natural gas—has spurred economic growth;
Customer ServiceWe provide important information on all the upcoming/announced grid-scale/utility scale energy storage system (ESS) projects in Equatorial Guinea, including project requirements, timelines,
Customer ServiceHouston-based energy company Marathon Oil Corporation, through its affiliated company Marathon E.G. Holding Limited, has inked a Heads of Agreement (HOA) with the Republic of Equatorial Guinea (E.G.) and Chevron''s Noble Energy E.G. Ltd, to move forward with the next phases in the development of Equatorial Guinea''s Gas Mega Hub (GMH).
Customer ServiceEquatorial Guinea submitted its revised NDC in October 2022. During the revision process, UNDP has assisted the government in updating its greenhouse gas inventory, aligning the NDC with the Sustainable Development Goals and reviewing legal frameworks. This support also included guidance on renewable energy policies and capacity strengthening
Customer ServiceAfrican Energy Chamber African Energy Chamber. Under EG-RONDA 2019, the government of Equatorial Guinea offered 27 free blocks for exploration across its sedimentary basins. The licensing round generated interest from 53 companies and resulted in 17 bids, the African Energy Chamber, representing all facets of African oil, said in a statement on
Customer ServiceOSLO, Norway – Panoro Energy has issued updates on its current E&P activities offshore West Africa. In Equatorial Guinea Block G (Panoro 14.25%), the partners have contracted a rig for a
Customer Servicedeveloping areas. Energy self-sufficiency has been defined as total primary energy production divided by total primary energy supply. Energy trade includes all commodities in Chapter 27 of the Harmonised System (HS). Capacity utilisation is calculated as annual generation divided by year-end capacity x 8,760h/year. Avoided
Customer ServiceThe project consists of the following components: (1) Clean energy planning and policies for implementation and scaling up; (2) Clean energy technology (hydro) demonstration; (3) Clean
Customer ServiceWe provide important information on all the upcoming/announced grid-scale/utility scale energy storage system (ESS) projects in Equatorial Guinea, including project requirements, timelines, budgets, and key
Customer ServiceIn Equatorial Guinea, Trident Energy is the operator of Block G – covering both the producing Ceiba and Okume Complex fields, comprising six oil fields in the Gulf of Guinea, in shallow and deep water in the Rio Muni basin – with a 40.375 per cent working interest and holds a 40 per cent stake in Block S, W & EG-21.. Situated on the slope of the southern Rio Muni
Customer Service''Drill or drop'' has been the leading policy of Equatorial Guinea, in terms of aggressively urging operators to kick-start drilling campaigns and issuing a new set of license holders following its most recent oil and gas
Customer ServiceOSLO, Norway – Panoro Energy has issued updates on its current E&P activities offshore West Africa. In Equatorial Guinea Block G (Panoro 14.25%), the partners have contracted a rig for a drilling campaign starting late this year and comprising three infill production wells, all of which should go onstream in 2024. Other ongoing activities
Customer ServiceEquatorial Guinea submitted its revised NDC in October 2022. During the revision process, UNDP has assisted the government in updating its greenhouse gas inventory, aligning the NDC with the Sustainable Development Goals and
Customer ServiceThe project consists of the following components: (1) Clean energy planning and policies for implementation and scaling up; (2) Clean energy technology (hydro) demonstration; (3) Clean energy technology (solar) demonstration; (4 ) Clean energy knowledge & capacity development.
Customer ServiceEquatorial Guinea’s Ministry of Mines and Hydrocarbons (MMH) has announced the adoption of the new Regulation of Petroleum Operations Regulation, Regulation No 2/2020 of 15 June 2020. The new regulation modernises Equatorial Guinea’s existing regulatory framework and is intended to maintain the country’s attractiveness for foreign investors.
In recent years, Equatorial Guinea has been prioritizing energy diversification via regional gas monetization initiatives and new refineries – the former of which took a considerable leap forward with the successful completion of the Alen Gas Monetization by Chevron in February 2021.
Thanks to our partners in Equatorial Guinea: NDC Status Equatorial Guinea submitted its revised NDC in October 2022. During the revision process, UNDP has assisted the government in updating its greenhouse gas inventory, aligning the NDC with the Sustainable Development Goals and reviewing legal frameworks.
Although pre-independence Equatorial Guinea counted on cocoa production for hard currency earnings, the neglect of the rural economy in the years of oil bonanza has diminished potential for agriculture-led growth. However, the government has stated its intention to reinvest some oil revenue into agriculture.
The power capacity has improved with the commissioning in October 2012 of the Djibloho hydroelectric plant (120 MW) and generation capacity now stands at 385 MW. Although largely undeveloped, Equatorial Guinea is estimated to have 11-26 GW of hydropower potential, of which 50% is deemed economically recoverable6.
This first ever GEF-funded climate mitigation project tackles the key sector of Equatorial Guinea’s economy. The country’s current focus is on increasing hydrocarbons and large-scale power for exportation, but this intervention is expected to prompt a paradigm shift towards smaller-scale investments to boost production for local consumption.
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