AGP Executive Report
Last update: 10 hours agoLNG & Gas Infrastructure: Lloyds Energy says it’s scouting LNG import, floating storage and regasification (FSRU) and downstream gas projects as Africa’s regasification plans still lag on delivery, with Equatorial Guinea cited among countries that unveiled LNG2Africa storage and regasification ambitions. Oil & Services: Baker Hughes opened a new Douala service and equipment center on June 26 to cut costs and speed maintenance for Cameroon’s upstream sector, adding workshops, labs, storage yards and secure handling for specialized oilfield gear. Exploration & Acreage Moves: A new wave of Sub-Saharan offshore deals is expanding exploration coverage, with Shell flagged as active across Angola, Ghana and Sierra Leone, and Eni/Chevron/Galp linked to Equatorial Guinea progress toward formal arrangements. Trade & Industrialization: The AfCFTA Secretariat and Gabon agreed an implementation partnership focused on the Nkok Special Economic Zone to turn Gabonese manufactured exports into real intra-African trade, building on Gabon’s shift to value-added timber. Energy Security Context: Reports on the Strait of Hormuz describe a corridor that’s “open” but still constrained by incidents and enforcement, underscoring why import-dependent economies keep diversifying supply routes.
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