Cameroon and Equatorial Guinea sign deal to develop Yoyo-Yolanda gas fields
Cameroon and Equatorial Guinea have signed a unitization agreement to jointly develop the cross-border Yoyo-Yolanda gas fields, marking a key step toward monetizing an estimated 2.5 Tcf of natural gas and advancing the broader Gas Mega Hub strategy in the Gulf of Guinea.
The agreement strengthens cross-border cooperation on gas development at a time when regional governments and operators are working to accelerate stranded gas monetization and expand LNG feedstock supply. According to African Energy Chamber, the Yoyo-Yolanda fields are expected to play a central role in supporting existing infrastructure, including Equatorial Guinea’s Punta Europa complex, while enabling additional upstream and downstream development across the region.
Chevron-affiliated Noble Energy Cameroon and Noble Energy Equatorial Guinea have reaffirmed support for the project, which is expected to underpin future LNG supply growth and enhance utilization of existing processing and export infrastructure. The development is also positioned to support potential new drilling activity and additional gas flows tied to Equatorial Guinea’s Gas Mega Hub initiative.
Officials and industry stakeholders view the unitization agreement as a signal of stronger alignment between the two countries on regulatory, commercial and infrastructure coordination—factors considered critical to advancing cross-border gas projects. The agreement is expected to help reduce development risk, improve project economics and accelerate timelines by leveraging established regional infrastructure.
Beyond LNG exports, the project is anticipated to support regional energy security and economic growth by expanding gas availability for domestic use and industrial development. For Equatorial Guinea, Yoyo-Yolanda represents another step in strengthening its role as a regional gas processing and monetization hub, while for Cameroon it supports broader goals to expand energy access and increase hydrocarbon revenues.
With the unitization framework in place, the focus now shifts to advancing engineering work, securing investment and progressing toward final development decisions. Industry observers note that timely execution, streamlined approvals and continued cross-border coordination will be key to maintaining momentum as the Gulf of Guinea positions itself as an emerging gas investment and supply center.
