According to a ConocoPhillips social media post, loading operations started on June 6 at the EG LNG terminal in Punta Europa and concluded by June 9.
The company noted that MEGPL president Frederic Phipps and EGLNG managing director Curtis Ryland visited the Maran LNG vessel to meet with the captain and crew during the loading process.
“This inaugural ConocoPhillips-marketed cargo from Equatorial Guinea represents a significant milestone in unlocking value from our global LNG portfolio and highlights our ongoing commitment to the success of the Gas Mega Hub promoted by the Ministry of Hydrocarbons and Mining Development,” ConocoPhillips said.
The company did not provide further information.
Its AIS data provided by VesselsValue shows that the 2019-built 173,400-cbm, Maran Gas Hydra, left the Punta Europa LNG plant on June 9.
The vessel is heading south, meaning that it may deliver the LNG shipment to Asia.
Last year, ConocoPhillips bought Marathon Oil in an all-stock transaction with an enterprise value of $22.5 billion.
ConocoPhilips said the acquisition includes about 2 mtpa net LNG capacity with supply optimization opportunities in Equatorial Guinea.
Marathon Oil owns a 56 percent interest in the 3.4 mtpa Equatorial Guinea LNG plant that has one train.
Besides operator Marathon Oil, other shareholders in the Punta Europa LNG plant include Sonagas and Marubeni. The facility started producing LNG back in 2007.
ConocoPhillips boosting LNG business
ConocoPhillips is heavily investing in expanding its LNG business.
The firm recently signed a 15-year LNG supply deal with China’s Guangdong Pearl River Investment Management Group.
Last year, ConocoPhillips signed deals with Germany’s SEFE and Uniper. The firm also made capacity bookings at import terminals in the Netherlands, Belgium, and Germany.
In addition, ConocoPhillips increased its stake in the Australia Pacific LNG export project in 2022, and purchased stakes in QatarEnergy’s giant North Field East (NFE) project and the North Field South (NFS) project.
On the Gulf Coast, ConocoPhillips secured 5 mtpa of offtake from the first phase of Sempra Infrastructure’s Port Arthur LNG project in Texas, and took a 30 percent equity interest in the project.
The company’s total offtake in North America is about 7.4 mtpa, pending FID at Mexico Pacific’s Saguaro Energia LNG.
