Mitsui,Marubeni join EGLNG venture

摘要

Japan's Mitsui & Co.and Marubeni Corp.will join Marathon Oil Corp.to produce LNG in Equatorial Guinea.The project involves construction of a US1.4 billion LNG liquefaction plant on Bioko Island at Punta Europa(OGJ Online,June 23,2004).Under agreements just signed,Marathon will retain 60% of Equatorial Guinea LNG Holdings Ltd.(EGLNG),the company it established to manage the project with state-run oil company GE-Petrol,which will retain 25%.Mitsui and Marubeni will acquire stakes of 8.5% and 6.5%,respectively,by investing a combined total of 10 billion yen.