Gunvor offers E.Guinea funding help in bid for LNG
By Oleg Vukmanovic and Wendell Roelf
LONDON/CAPE TOWN, Aug 4 (Reuters) – Gunvor has offered to help Equatorial Guinea with financing as the Swiss commodity trader looks to edge out rivals bidding for supply from Africa’s first deepwater floating liquefied natural gas (FLNG) plant.
Gunvor, Vitol and Royal Dutch Shell have been shortlisted for an LNG off-take deal from the $2 billion Fortuna project with a decision expected this month.
Industry sources say Gunvor is looking to help state-run Sonagas finance a 30 percent stake in the project in return for selecting it to export gas from it.