ENEO will not currently extend the gas supply agreement. ENEO faces considerable uncertainties around generation costs that can be passed on as tariffs to end users, large payment arrears from the Cameroon Government and doubts over payment security. Victoria believes this is a temporary issue. ENEO supply represented c. 53% of Logbaba gas sales revenue for 2017. ENEO currently owes VOG c. US$8.7 mm gross.
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FLASH: Plans on hold on contract setback
- Published:
08 Jan 2018 -
Author:
Stephane Foucaud -
Pages:
2
ENEO will not currently extend the gas supply agreement. ENEO faces considerable uncertainties around generation costs that can be passed on as tariffs to end users, large payment arrears from the Cameroon Government and doubts over payment security. Victoria believes this is a temporary issue. ENEO supply represented c. 53% of Logbaba gas sales revenue for 2017. ENEO currently owes VOG c. US$8.7 mm gross.