Day 6
Guinea
With an extensive expansion strategy currently underway that would see Equatorial Guinea become the processing hub of Central and West Africa, opportunities for investment are endless. Under the country’s wider Gas Mega Hub initiative – presenting investment opportunities ranging from power generation to liquid fuels – Equatorial Guinea has taken the lead towards African gas monetization and is set to play a crucial role in the world’s future energy mix. Projects such as the US$330mn Alen Gas Monetisation, Alba Liquefied Petroleum Gas plant and the Equatorial Guinea Liquefied Natural Gas facility speak to the size of the country’s reserves. Pray for the plans to expand exports even further, while connecting leading regional gas producers under the LNG2Africa initiative. Pray for the Guineans to have real uplifting in life by listening to the voice of God and fear Him (The Bible, Proverbs 8:13).
Source:
https://oilreviewafrica.com/gas/gas/equatorial-guinea-to-become-a-regional-hydrocarbons-hub
Guinea, relatively a peaceful country, is jolted by the coups. Incumbent Mamady Doumbouya is the president since 1 October 2021. Incumbent Bernard Gomou is the prime minister since 17 July 2022. Experiments with socialism and a two-year rule by a junta have taken their toll on prospects for development. The 2010 election ushered in a decade of civilian rule but led to violent ethnic clashes as well. In addition, hundreds of thousands of refugees from Liberia and Sierra Leone have strained Guinea’s struggling economy. The instability has generated suspicion and ethnic tension – as well as accusations between neighbors of attempts at destabilization and border attacks. Muslim converts to Christianity fear family reactions and harassment by the extremists.
