Cameroon: Engie drops LNG scheme

France’s Engie has shelved plans for a liquefied natural gas export plant on the southern coast at Lolabé. Engie, formerly GDF Suez, had been developing the 3.5m tonne LNG project in partnership with Société Nationale des Hydrocarbures (SNH) since 2008 and the two companies completed front-end engineering design for the scheme in early 2016. Engie said the scheme had been placed on hold due to unfavourable market conditions. Late last year, SNH and Perenco announced a final investment decision for an eight-year floating LNG project to sell gas to Russia’s Gazprom.