New York, NY | June 2025 — Altanetiva Limited, a U.S.-based energy firm, has announced the structuring of a strategic lines of credit and funding through GB Group Global with institutional support from the Export-Import Bank of the United States (US EXIM Bank) and Berkshire Hathaway. The financing arrangements are aimed at powering the company’s expanding footprint across Africa’s energy sector, with key capital investments in LNG, FLNG, and upstream oil & gas infrastructure in Nigeria, Angola, and the Nigerian/Sao Tome Joint Development Zone (JDZ).
“We are proud of the partnerships we’ve cultivated and the institutional confidence shown through GB Group Global,” said Abdullah Jenrola, Chairman and CEO of Altanetiva. “Our work across JDZ, Angola, and Nigeria demonstrates a unified vision to sustainably unlock Africa’s energy resources and create global trade flows from previously stranded assets.”
🔹 Strategic Developments Underway:
✅ JDZ Block 1 – Subsurface Advancement
Altanetiva on its way to acquire Block 1 in the Nigeria–São Tomé and Príncipe Joint Development Zone (JDZ). The block includes discoveries such as Obo-1, Obo-2, and Enitimi-1, containing oil and gas accumulations in multiple horizons.
A five-year development plan has been approved by the JDZ authorities, with the company preparing for new drilling campaigns, FPSO deployment, and modular floating production units.
✅ LNG Allocation from Angola LNG
On May 12, 2025, Sonangol issued a Letter of Allocation confirming Altanetiva’s entitlement to lift multiple LNG cargoes annually for three renewable years starting October 1, 2025. This strategic supply agreement allows Altanetiva to fulfill structured offtake arrangements with regasification terminals in Asia and Europe.
✅ Twin FLNG Projects – Nigeria and Angola
Altanetiva is also intending twin FLNG units, each capable of processing 2–3 mtpa of LNG, sourcing gas from fields in OMLs 18, 29, 58, 130, 133 (Nigeria) and Blocks 15, 17, 20/11 (Angola).
These projects will leverage Arctic-class FSRUs under long-term lease agreements along with pre-treatment plant extensions, and financing will be finalized through a blend of private equity, ECA support, and institutional credit.
🔹 Environmental and Local Engagement Commitments
Altanetiva emphasizes strict adherence to IFC Performance Standards, ensuring environmental and social responsibility. The company is advancing local content initiatives, community engagement, and skills transferprograms alongside its development work.
🔹 About Altanetiva Limited
Altanetiva Limited is a New York–based and Nigerian independent energy and infrastructure development firm with operations spanning upstream exploration, LNG supply chains, and floating LNG production systems. The company partners with governments and global buyers to monetize underdeveloped hydrocarbon assets in Africa through innovative, scalable models.