On 21 April 2011, the Ministry of Mines, Industry & Energy of Equatorial Guinea released the approval and signing of a Memorandum of Understanding (MoU) relating to the commercial structure of the LNG Train 2 Integrated Project in Equatorial Guinea. The MoU relates to the alignment of the gas producers, the owners of the gas pipeline infrastructure and the owners of EGLNG Train 1 to develop and implement the LNG Train 2 Project (EGLNG2). It was signed by the Ministry of Mines, Industry & Energy, Sonagas (the national gas company of Equatorial Guinea), the partners of Blocks O & I (Noble Energy, GEPetrol (the national oil company of Equatorial Guinea), Glencore, Atlas Petroleum and Osbourne Resources Ltd.), the partners of Block R (Ophir Energy and GEPetrol GE), the shareholders of 3G Holding Ltd (Union Fenosa Gas and GALP Energia) and the partners of EGLNG Holding Ltd. (Marathon GE, Mitsui & Co. Ltd and Marubeni Gas Development Co. Ltd). The planned FID for this project is 2012 with the first LNG trading in 2016.
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