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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