LNG

Ethiopia-Djibouti LNG project delayed but ongoing

Poly-GCL’s decision to sign an MOU for the 10 mtpa Djibouti LNG project on Monday signals the project is still alive, albeit delayed Poly-GCL’s decision to sign an MOU for the 10 mtpa Djibouti LNG project on Monday signals the project is still alive, albeit delayed.
By Leigh Elston 17 November 2017 0 28433
The contract handover for Ethiopia's Hilala and Calub gas fields Poly-GCL signing the contract for the Hilala and Calub gas fields. (Poly-GCL)

The announcement this week that a China-backed joint venture has agreed to invest in an LNG export project in Djibouti has raised eyebrows among industry observers, given it was supposed to have started construction over a year ago.

Poly-GCL, a joint venture between state-owned China Poly Group Corp. and privately owned Hong Kong-based Golden Concord Group, signed a memorandum of understanding (MOU) on Monday agreeing to build a 12 billion cubic metre per year gas pipeline from Ethiopia and a 10 mtpa LNG...