Mining sector in Guinea is set to be powered by a new LNG port infrastructure. A US $300million phased Liquefied Natural Gas (LNG) provision and distribution network which includes a full-service LNG receiving terminal, a liquefaction plant and an export terminal is set to developed in response to fresh government-led incentives to nationalize mineral-processing value chains so that the fiscus is able to capitalize on domestic mineral commodities, before export.
The mega-project, dubbed the Guinea LNG Project, will be located at the Port of Kamsar on the country’s northern coast and is being rolled-out by the West Africa LNG Group – a purpose-built corporate entity by development firm, AfricaGlobal Schaffer (AfGS).
Guinea LNG Project
The Guinea LNG Project would comprise building a large-scale LNG Receiving Terminal, storage tanks, high-capacity regassification units and distribution infrastructure. In this phase, imported LNG will be stored in holding tanks and will be distributed to the end users either through a pipeline after being regassified or via cryogenic trailers /ISO tanks in liquid form to be regassified at final destination (“virtual pipeline.”)
The terminal will be strategically located to serve customers in Boké, Bel Air and Boffa Regions. Guinean industrial, mining, agricultural and residential sectors suffer from severe lack of energy. Unavailability of competitively priced energy forces Guinea to monetize its valuable resources as raw materials at suboptimal prices. The Guinea LNG Project will improve the lives of millions of Guineans by providing the country with an abundant supply of LNG through a comprehensive strategic plan.