USTDA Supports LNG Importation and Distribution in Guinea
September 4, 2019
(USTDA)
CONAKRY, Guinea – The U.S. Trade and Development Agency (USTDA) today
announced a grant to West Africa LNG Group Guinea SA (WA-LNG) for a feasibility
study to assess the economic, financial and technical viability of a liquefied
natural gas (LNG) receiving terminal and distribution network near the Port of
Kamsar in the Boké region of Guinea. The study will be conducted by Plum Energy
LLC of Tukwila, WA, and support the diversification of Guinea’s energy sector,
which currently depends on hydropower, diesel and heavy fuel oil.
“USTDA believes in this project, and we support its goal of bringing an
important new energy source to the Guinean market,” said Thomas R. Hardy,
USTDA’s Acting Director. “We know that natural gas can decrease the cost of
energy for a wide array of commercial and industrial consumers, and we look
forward to seeing those benefits right here.”
The introduction of LNG into the market allows for the use of a more
sustainable, reliable, year-round energy source. WA-LNG will distribute natural
gas or LNG to end-users, initially including bauxite producers and an
agro-industrial park supported by the African Development Bank.
“We are thrilled to have reached this important milestone in making affordable
and environmentally friendly LNG available for the development of the Guinean
industrial and agro-industrial sectors, as well as improving the lives of the
Guinean people, said Ambassador (Ret.) Patricia Moller, the Chairwoman of
WA-LNG. “We are committed to making this transformational project a reality as
quickly as possible. We greatly appreciate the tireless efforts of USTDA and are
enormously indebted to the Government of Guinea for its unwavering support.”
“The availability of affordable clean power will enable Guinea to
industrialize, add value to its mineral and agricultural raw materials and
create jobs for its young population,” added WA-LNG Vice-Chair Dr. Mima
Nedelcovych.
This project advances the goals of the Electrify Africa Act, the U.S.
government’s Power Africa, Prosper Africa and Doing Business in Africa
initiatives.
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