Equatorial Guinea’s LNG exports disrupted by incident at Alba site

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No cargo has been loaded at the facility since September 25, according to data from Refinitiv Eikon. The factory normally loads a cargo once a week.

Although the facility produces relatively little of 3.7 million tonnes per year (mtpa) of LNG, the disruption comes at a time when gas prices in Europe and Asia are trading near record highs as demand for post-pandemic recovery exceeds supply.

Equatorial Guinea’s LNG plant, the Punta Europa project operated by Marathon Oil Corporation, is currently supplied by the Alba gas field.

The sources said force majeure was declared at the facility and some LNG shipments, including for Gunvor, were postponed or canceled.

“We confirm that an incident occurred at the Alba Plant gas processing plant in Equatorial Guinea on September 26, 2021. Our initial priority was to ensure the safety of all personnel, and we are now focusing on the investigation into the cause of the incident, “said plant operator Marathon Oil.

“Partial operations have been maintained but the Alba plant is unable to process wet gas until normal operations resume,” the company said in a written response to Reuters.

Gunvor declined to comment when contacted by Reuters.

Other details such as the reason for the cargo interruption or the expected duration of the problem could not be immediately confirmed.

(Reporting by Marwa Rashad in London and Jessica Jaganathan in Singapore; Editing by Kirsten Donovan and Edmund Blair)

By Marwa Rashad and Jessica Jaganathan


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