Financial Times FT.com

Eon leads Europe dash for West African gas

By Matthew Green in Malabo

Published: March 27 2009 16:28 | Last updated: March 27 2009 16:28

Eon, the German gas giant, is leading a foray by European energy companies into Equatorial Guinea, challenging established US rivals in the race to secure sources of supply from West Africa.

Europeans largely stood aside as ExxonMobil and other US companies spent the past decade working with one of Africa’s most authoritarian governments to transform the country into a major exporter of oil and liquefied natural gas.

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