AGP Executive Report
Last update: 11 hours agoGas Strategy: Equatorial Guinea is looking to turn Punta Europa into a regional gas-processing and LNG hub as the Alba field declines. Existing and approved projects could lift feed gas above 300 million cubic feet a day, but new supply will be needed to fill the LNG plant’s capacity. Business Finance: CEMAC’s average effective lending rate fell to 10.94% in the second quarter, but Equatorial Guinea’s stood at 13.82%, above the regional average. Trade and Investment: Egypt and Equatorial Guinea signed cooperation agreements covering agriculture, tourism, aquaculture and culture, following the first session of their joint committee. Regional Activity: CEMAC economic activity grew 5.9% year on year in the second quarter; Equatorial Guinea made a modest positive contribution of 0.2 percentage points.
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