Equatorial Guinea seals major deals to sustain Gas Mega Hub for next two decades

Equatorial Guinea has moved to secure the long-term future of its Gas Mega Hub, signing a series of new multi-billion-dollar agreements that will sustain the project over the next 20 years. The announcements came during African Energy Week 2025: Invest in African Energies, where Central African leaders outlined major gas development plans and discussed strategies to safeguard critical energy assets amid growing demand.

Antonio Oburu Ondo, Minister of Hydrocarbons for Equatorial Guinea, revealed that the government had finalized a multi-billion-dollar Heads of Agreement for a new phase of the Gas Mega Hub, along with a multi-million-dollar deal with Chevron for the Aseng gas project. “The Gas Mega Hub aims to ensure that the Punta Europa Gas Complex survives over time,” he said. “It is a constant fight to make sure we tap into new gas resources to guarantee the survival of the gas complex.”

Licensing reforms and regional energy access drive strategy

Ondo underscored Equatorial Guinea’s investor-friendly policies, noting the success of the country’s open-door licensing approach and the launch of its new EG Ronda licensing round. “Our aim is to be one of the top countries in terms of regulation,” he emphasized.

Bruno Jean-Richard Itoua, Minister of Hydrocarbons for the Republic of Congo, stressed the region’s focus on prioritizing domestic energy access before exports. “Every drop of oil and gas counts. We have decided to make gas a priority. We will only export once we cover the needs of the country. The target is to provide electricity access to all Congolese people in the next five years, especially clean cooking gas,” he said. Congo’s national projects will produce LNG, LPG, butane, and propane to support this strategy.

Security and technology shape the future of energy

Erik Prince, founder of Blackwater, highlighted the growing link between energy infrastructure and strategic security, particularly in the Gulf of Guinea. “Because precision is now so cheap, it has greatly increased the threat envelope,” he said. “There is a lot of private sector capability available to help governments maintain their sovereignty and restore their border integrity.”

Prince also pointed to AI and data centers as key drivers of future energy demand. “The demand signal for energy production for the world is rapidly accelerating. Invest accordingly, prepare accordingly logistically. It’s going to be an all-fronts effort to get it done,” he added.