A four-way agreement between two oil companies, a liquefied natural gas company and LNG carrier Teekey has been signed to bring floating plant north, south and west africa, though not Nigeria.

Gasol said “Heads of” deal as been signed to jointly develop LNG capacity and includes oil African company Afren, the gas of which will supply the plant of African LNG.

”Gasol, Teekay and AfLNG will bring their expertise” to bear on the plant, a Gasol statement said.

It is understood Teekay will help bring to bear floating liquefaction technologies and that the parties to the deal will jointly invest in LNG ships and re-gasification terminals, including floating storage and regasification units.

Gasol chief exec Soumo Bose said in a statement he was aiming for integrated LNG in Gulf of Guinea in West Africa “with participation across the value chain in liquefaction, shipping and regasification. Gasol holds a 20 percent stake in AfLNG.

Bose was chief financial officer of Egyptian LNG, a the $2 billion LNG joint venture between BG Group, Petronas, Gaz de France and Egyptian state gas companies.

AfLNG will seek to “procure, liquefy and sell” 5 million tonnes of LNG within five years.

German company E.ON Ruhrgas was the most recent world gas player to begin work on building African LNG holdings, but only in Nigeria, where the market is crowded with supermajors, national oil companies and technology outfits in LNG consortia.

Tags: African LNG Holdings Limited, Teekay