Antler Global is preparing to drill in Equatorial Guinea’s gas-prone EG-08 offshore block this year, after striking a farm-out agreement in late 2025 with Fuhai (Beijing) Energy. Fuhai’s entry will boost sentiment in Malabo, given the past year has been a relatively fallow period for the country’s exploration and production sector.
Bracewell’s Adam Blythe told African Energy that trading companies are motivated by accessing production, with LNG a key target.
“One of the recent trend dynamics in LNG sales over the medium term has been a move away from long term contracts to shorter terms or spot contracts, with the traders moving in to purchase and trade those LNG volumes,” Blythe said. “Previously, this production was predominantly tied to long term arrangements – now it’s a more fluid market. The traders are seeking ownership of LNG production, because it’s a commodity they can trade.”
