Image: Oil & Gas Republic
Equatorial Guinea’s Minister of Mines and Hydrocarbons, H.E. Gabriel Mbaga Obiang Lima, and Nigerian Minister of State for Petroleum Resources, H.E. Timipre Sylva, recently met to discuss and strengthen bilateral energy relations between the two countries.
The two ministers agreed to fast-track the cross-border supply of gas from Nigeria to Equatorial Guinea, representing a critical step in Equatorial Guinea’s Gas Mega Hub masterplan, which seeks to aggregate offshore gas from domestic and neighboring reserves and deliver it to onshore industry.
They also signed a Memorandum of Understanding to kick-start new opportunities within their respective hydrocarbon sectors, as well as establish strategies for the elimination of maritime piracy, which remains an ongoing security threat in the Gulf of Guinea.
Minister Sylva’s visit to Equatorial Guinea follows his recent appointment by the Joint Ministerial Monitoring Committee of the Organization of Petroleum Exporting Countries (OPEC) as a Special Envoy to participating countries, including Gabon, Congo-Brazzaville and South Sudan, to promote adherence to OPEC-led production cuts.
The meeting affirms a mutually beneficial relationship between the two countries, aimed at fostering regional collaboration and maximizing the value of their respective oil and gas opportunities.