Marathon Oil Corp., a Chevron Corp. subsidiary and the Republic of Equatorial Guinea (EG) have inked an agreement to increase natural gas and condensate exports from the EG Regional Gas Mega Hub (GMH).

The first phase of the collaborative GMH project has been operating since early 2021, when gas from the offshore Alen gas field began being delivered and processed at Punta Europa under a tolling and profit-sharing agreement. Gas from the field between Bioko Island and the territorial waters of Cameroon is processed at an onshore hub that contains a liquefied petroleum plant and the 3.7 million metric ton/year (mmty) EG LNG facility.

Under the agreement, the project partners would work to reorganize the contractual terms for gas processed from the Alba field northwest of Punta...