Financial Times FT.com

Sonagas to pursue plan in Equatorial Guinea

By Matthew Green in Abuja

Published: February 27 2009 02:48 | Last updated: February 27 2009 02:48

Sonagas, Equatorial Guinea’s state gas company, says it will push ahead with plans to partner with Eon Ruhrgas, the German utility, to create a West African gas hub, as it dismissed concerns that the project will struggle to source enough supply.

The volcanic island wants to transform itself into a centre for gathering gas from neighbouring Nigeria and Cameroon as well as from its own reserves to boost its exports of liquefied natural gas.

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