ATLANTIC METHANOL PRODUCTION

Until 2001, the associated natural gas from LPG and Reformer-Night-8.jpg condensate operations in Equatorial Guinea had no outlet. In March of 1997, Noble Energy, Inc. launched a feasibility study about monetizing stranded natural gas through conversion to methanol. CMS Energy, another operator in the region, soon joined the project and a formal development agreement was signed in September of that same year. By March of 1998, a manufacturing and marketing agreement was signed with the Government of Equatorial Guinea. This secured the natural gas position and created the right to build a methanol facility and market the product.

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