November 7, 2008

SNH and GDF Suez to Develop LNG Export Plant in Cameroon

The national oil company of Cameroon, Societe Nationale des Hydrocarbures, and GDF Suez have entered into a strategic partnership to develop a liquefied natural gas export plant in Cameroon.

Societe Nationale des Hydrocarbures (SNH) and GDF Suez will start by jointly evaluating the alternatives for liquefied natural gas (LNG) export, including an LNG floating production storage offloading (FPSO) solution in the Kribi or Limbe area.

This partnership is expected to enable Cameroon to join the group of worldwide LNG exporters. This initiative will reportedly provide SNH and all upstream operators in Cameroon with the opportunity to monetize associated and/or non-associated gas reserves.

Jean-Marie Dauger, executive vice president of GDF Suez in charge of global gas and LNG, said: "GDF Suez is pleased and honored to open this important co-operation with SNH, which demonstrates its commitment to developing unique tailored solutions worldwide thanks to its experience and expertise."