A lot of energy projects1 Oct 2021 14:35
Cameroon is a leading sub-Saharan producer of crude oil, with total daily liquid hydrocarbon production averaging 76,000 barrels in 2017. That year, crude petroleum was our largest export, at $1.34 billion. Refined petroleum wasn’t far behind, at $396 million.
Aware that our onshore fields are mature, we have been diversifying our economy. Gold and diamond mining is increasing in our northern and eastern regions, although on a small scale. In addition, Cameroon produces raw construction materials, including soils, clay, and straw, and these make local housing costs more reasonable.
Although these sectors are important to our future, many of the expectations we have for growing our economy relate to natural gas and, more specifically, liquefied natural gas, or LNG, as it is widely known. This is something we look forward to talking more about at African Energy Week, where we will share our experiences and outlook.
Cameroon’s natural gas reserves are estimated at 4.7 billion cubic feet. To put that in perspective, we are number 48 of 99 countries with proven gas reserves, with about 0.07% of the world’s total.
While that might not sound like much compared to, say, the United States with its 322 trillion cubic feet of reserves, LNG offers considerable potential for Cameroon — and the world.
Clean and plentiful, natural gas and LNG are considered essential to the energy transition. Natural gas produces far fewer emissions compared to coal and diesel, and it can provide the power to support wind, solar, and hydroelectricity. The projected long-term growth for LNG is tremendous; McKinsey suggests demand will grow 3.4% per year to 2035, and more than 200 million tons of new capacity will be required by 2050.
Thanks to an agreement with Cameroon’s National Hydrocarbons Corp., French energy company Perenco and gas processor Golar LNG Ltd. are already producing 1.2 million tons of LNG per year from a floating LNG (FLNG) vessel deployed in Cameroonian waters off the coast of Kribi, as well as 30,000 tons of domestic gas for Cameroonian households, and 5,000 barrels of condensate per day.
The companies recently announced plans to increase LNG output by 17% in 2022. And that’s just the start: By 2026, LNG output from Golar’s Hilli Episeyo FLNG facility is expected to reach 1.6 million tons after the drilling of additional wells.
https://www.africanews.com/2021/10/01/one-size-fits-all-approach-to-climate-change-will-not-work-for-cameroonians-a-lot-of-energy-projects-need-to-be-developed/
The development of the Etinde field will add to that figure. Cameroon’s second LNG project, the Etinde FLNG facility should be operational within four years and will have the capacity to receive, process, store, and offload 30,000 barrels of condensate per day. The project is expected to add as many as 400 local jobs for skilled workers and 3,000 more indirect jobs.
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