Chevron Signs Aseng Gas Project Agreement in Equatorial Guinea

Chevron, in collaboration with nobl energi eg ltd and the Government of Equatorial Guinea, signed an agreement for the Aseng Gas Monetization Project, marking a critical milestone towards project implementation, subject to relevant approvals. The agreement was finalized in September 2025, with the government confirming competitive fiscal tax terms to enable the project.

The project will focus on developing gas resources in the Aseng field and leveraging existing midstream infrastructure to sustain liquefied natural gas supply to the global market by the mid-2030s. Additionally, it will facilitate further investments in Chevron's operations in the Alen field and cross-border exploration activities in the Yoyo and Yolanda fields, which Chevron acquired in 2024.

Jim Swartz, Chairman and Managing Director of Chevron Nigeria Mid Africa Region, emphasized Chevron's nearly three-decade presence in Equatorial Guinea and its commitment to supporting the country's energy resource development.