Holding hands and sharing gas

Cameroon and Equatorial Guinea sign operating agreement for Yoyo-Yolanda gas field, merging licences to boost LNG exports despite environmental concerns.

Cameroon and Equatorial Guinea have moved closer to jointly developing the Yoyo-Yolanda gas field after signing an operating agreement formalising their 2023 bilateral treaty on shared offshore resources. The project, which straddles their maritime boundary in the Gulf of Guinea, is estimated to hold about 2.5 trillion cubic feet of gas. The new agreement merges separate licences into a single unit for coordinated development, clearing a key legal hurdle. Gas from the field will be processed at the Punta Europa facility in Equatorial Guinea, with a second extraction axis extending to Bipaga in Cameroon. Chevron, operator of the Yoyo and Yolanda fields, reaffirmed its commitment to the project, describing it as central to long-term liquefied natural gas supply while leveraging existing infrastructure at Alen and Punta Europa. Officials say the initiative will boost energy cooperation, create jobs and strengthen export capacity, though environmental concerns remain.