The African Export-Import Bank (Afreximbank) announced that it has been mandated, through its consulting and capital markets department (ACMA), as financial advisor to mobilize 4.5 billion dollars for the financing of the gas project liquefied natural (LNG) EG-27.

The EG-27 liquefied natural gas (LNG) project is being developed by Sociedad Nacional de Gas de Guinea Ecuatorial (Sonagas), the national gas company of Equatorial Guinea (Sonagas), the national gas company of Equatorial Guinea. Under the terms of the advisory mandate, ACMA will use its expertise in financial structuring as well as its network of investors to mobilize these funds. Indeed, this financing should make it possible to increase national natural gas production, with the EG-27 project representing the first phase of the development of the EBANO field in Equatorial Guinea, which has 3.8 trillion cubic feet of proven gas reserves. The project is designed to process 360 million standard cubic feet of gas per day and produce approximately 7055 tons of LNG per day, or 2.4 million tons per year, over a period of 20