Natural gas trade deal worth £1.5 billion in Cameroon by Dr Fox
London-based oil and gas company New Age has agreed to a deal with the Cameroonian Government to ramp up exports from the offshore Etinde gas field.
- Country:
- Cameroon
- United Kingdom
International Trade Secretary Liam Fox has hailed a string of bargain by UK companies with countries around the world, comprising a natural gas project worth more than £ 1.5 billion in Cameroon.
Dr Fox's Department for International Trade stated that the deals came after recent visits by foreign ministers and presidents to the UK.
London-based oil and gas company New Age has agreed to a deal with the Cameroonian Government to ramp up exports from the offshore Etinde gas field.
DIT stated further deals in Panama, Turkey, India and Qatar are worth millions of pounds to UK companies across the life sciences, transport, infrastructure and cyber security sectors.
Dr Fox stated, "International visits by foreign ministers aren't just good for the Government but for UK exporters across the country too, so that local companies can expand their global reach."
There are strong reasons for the UK to be hopeful about our presence on the world stage and this chain of deals, worth more than £ 1.9 billion, showcases Britain's world-leading capability in key sectors such as cybersecurity and life sciences as we leave the European Union.
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