Global Markets

Victoria Oil & Gas Cameroon supply contract not extended

A gas supply agreement between Victoria Oil & Gas and ENEO Cameroon has not been extended because of concerns over long-term payments.
By Staff reporter 9 January 2018 0 29013

A gas supply agreement between UK-based African energy supplier Victoria Oil & Gas and ENEO Cameroon – a joint venture between UK-based Actis and the Cameroonian government – has not been extended by the offtaker because of concerns over its ability to sustain long-term payments.

According to Victoria Oil & Gas Chief Executive Ahmet Dik, ENEO "is actively discussing potential solutions to this situation with the government of Cameroon".