Central African countries have signed an agreement to establish a network of oil and gas pipelines and hub infrastructures, which will aim to strengthen energy supply and reduce dependence on imports of refined products.
The project hopes to construct three multinational oil and gas pipeline systems of approximately 6,500km, storage depots, liquified natural gas terminals, at least three refineries and gas-fired power plants linking eleven countries by 2030.
The eleven countries are all oil producers or have vast untapped oil and gas reserves but are dependent on refined product imports.
Gabriel Mbaga Obiang Lima, Minister of Mines and Hydrocarbons of OPEC member Equatorial Guinea, comments that the ‘project was crucial to tackle energy poverty in the region’.
The project will take energy from areas of abundance to areas of need within the Central African subregion.