EG LNG is a LNG

Liquefied natural gas

Liquefied natural gas or LNG is natural gas that has been converted temporarily to liquid form for ease of storage or transport....

 company that operates a liquid natural gas terminal and plant in Malabo

Malabo

Malabo is the capital of Equatorial Guinea, located on the northern coast of Bioko Island on the rim of a sunken volcano....

, Bioko Island, Equatorial Guinea

Equatorial Guinea

Equatorial Guinea, officially the Republic of Equatorial Guinea where the capital Malabo is situated.Annobón is the southernmost island of Equatorial Guinea and is situated just south of the equator. Bioko island is the northernmost point of Equatorial Guinea. Between the two islands and to the...

. The LNG plant began operation in 2007 and the first cargo of LNG was delivered on 24 May 2007.

LNG plant

The plant's Train

LNG train

An LNG train is the term used to describe the liquefaction and purification facilities in a liquefied natural gas plant.In order to make it practical and commercially viable to transport natural gas from one country to another, its volume has to be greatly reduced...

 1 has a capacity of 3.4 million metric tonnes per annum. Several systems are in places such as feed gas metering, liquefaction

Liquefaction

Liquefaction may refer to:* Liquefaction, the general process of becoming liquid* Soil liquefaction, the process by which sediments become suspended* Liquefaction of gases in physics, chemistry, and thermal engineering* Liquefactive necrosis in pathology...

, refrigeration

Refrigeration

Refrigeration is a process in which work is done to move heat from one location to another. This work is traditionally done by mechanical work, but can also be done by magnetism, laser or other means...

, ethylene

Ethylene

Ethylene is a gaseous organic compound with the formula . It is the simplest alkene . Because it contains a carbon-carbon double bond, ethylene is classified as an unsaturated hydrocarbon. Ethylene is widely used in industry and is also a plant hormone...

 storage, boil off gas compression, product transfer to storage and LNG product metering. The EG LNG plant utilizes the ConocoPhillips Optimized Cascade(SM) Process.

A planned second train will produce 4.4 million metric tonnes of LNG per annum. In addition to the construction of the second train, the US$3 billion project includes construction of three gas pipelines to connect Nigeria, Cameroon and Equatorial Guinea gas fields with the LNG plant. In addition to the shareholders of the Train 1, Unión Fenosa Gas, a joint venture of Unión Fenosa

Unión Fenosa

Unión Fenosa, S.A., is a large Spanish company dedicated to the production and distribution to end users of gas and electricity. It has installed capacity of 11,120 megawatts of power and 8.9 million customers. The headquarters are in Madrid and the chairman is Pedro López Jiménez...

 and Eni

Eni

Eni S.p.A. is an Italian multinational oil and gas company, present in 70 countries, and currently Italy's largest industrial company with a market capitalization of 87.7 billion euros , as of July 24, 2008...

, and E.ON

E.ON

E.ON AG, marketed with an interpunct as E•ON, is the holding company of the world's largest investor-owned energy service provider based in Düsseldorf, Germany. The name comes from the Greek word aeon which means eternity....

 will participate in this project.

Shareholders

The shareholders in EG LNG Co are:

• Marathon Oil
  Marathon Oil
  Marathon Oil Corporation is a United States-based oil and natural gas exploration and production company. Principal exploration activities are in the United States, Norway, Equatorial Guinea, Angola and Canada. Principal development activities are in the United States, the United Kingdom, Norway,...
  
   (60%);
• Sonagas
  Sonagas
  Sonagas is the Equatorial Guinean national natural gas company. It was formed in 2005. It operates in conjunction with GEPetrol, the nation's principal petroleum company, and EG LNG, the nation's liquid natural gas company, to manage the nation's fossil fuel resources.The officers of the company...
  
  , the National Gas Company of Equatorial Guinea (25%);
• Mitsui
  Mitsui
  is one of the largest corporate conglomerates in Japan and one of the largest publicly traded companies in the world.-History:Founded by Mitsui Takatoshi , who was the fourth son of a shopkeeper in Matsusaka, in what is now today's Mie prefecture...
  
   & Co., Ltd. (8.5%);
• Marubeni Corporation (6.5%).

External links

• Equatorial Oil's EG LNG page