EQUATORIAL Guinea's state oil company plans to help its counterpart in the Democratic Republic of Congo to create a domestic natural gas sector, potentially including liquefied natural gas. This is one of a number of wide-ranging co-operation agreements signed this week in Luanda by the Bata-based government and the DR Congo authorities, including the proposed construction of a jointly owned oil refinery. In a statement released at the Angola Oil & Gas conference, state-owned Gepetrol of Equatorial Guinea said it will assist DR Congo state oil company Sonahy-droc to develop the Congolese natural gas sector and "specifically the promotion of LNG and the storage, distribution and export of liquefied petroleum gas". Equatorial Guinea hosts an LNG plant on Bioko Island and for years has been trying to develop this facility into a regional hub that could also handle gas supplies from Cameroon and Nigeria. No further detail was revealed on gas development opportunities in the DR Congo, although French independent Perenco -the only oil company currently operating in the country - is eyeing gas commercialisation opportunities there as well as in Cameroon and Gabon.
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