AGP Executive Report
Last update: 3 hours agoLNG Infrastructure Push: Lloyd’s Register has won a classification and technical assurance contract for Perenco’s Gabon project, overseeing the conversion of the LNG Bayelsa into the FSU LNG Cap Lopez at Drydocks World Dubai—aimed at supporting liquefaction, storage and export while reducing routine gas flaring. Energy Project Progress: The conversion covers major steel works, new piping, a boil-off gas module and life-extension measures, with the FSU planned to sail in Q3 2027 to serve the near-shore Cap Lopez development. Mining Site Build-Out: Turkish firm Karmod installed modular container structures at a manganese mining site near Moanda, highlighting faster, climate-controlled site accommodation for African operations. Sovereign Credit Watch: Gabon’s recent rating actions—Moody’s Caa2 (negative) and Fitch CCC—were tied to budget revisions, a wider deficit, Eurobond plans and IMF talks, plus scrutiny of public borrowing liabilities. Regional Forest Governance: A two-day Yaoundé workshop on forest conversion in the Congo Basin brought together policy-makers, NGOs and researchers from across Central Africa to develop coordinated strategies against deforestation and degradation. Civic Space & Investment: A new analysis flags that most of Sub-Saharan Africa remains in “blocked, repressed or closed” civic space categories, while noting improvements in countries including Gabon.
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