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Etinde hinges on government talks

The future of the Cameroonian gas project depends on the outcome of commercial and contractual negotiations

Cameroon’s Etinde gas project has made technical progress, and its developers now expect to make FID in 2022, but only after concluding protracted negotiations with the government. Front-end engineering design was completed in January this year, but “much less progress has been made than we had expected regarding the various open commercial issues”, according to the UK’s Bowleven, which holds a 25pc stake in the development. Bowleven now expects to make FID before the end of the first quarter of 2022, although the decision had already been pushed back even before Covid-19 made negotiations with Cameroon’s government more difficult and oil price volatility impacted the project’s economics.

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