Chevron Expects First Gas from Equatorial Guinea’s Aseng Field in 2028

Chevron's first gas at Aseng matters less as a volume story than as a signal that a major is willing to commit capital to Equatorial Guinea's mature offshore basin while the country's output declines. The named 2028 start and the managing director's on-record satisfaction suggest the project is being positioned as a durable anchor rather than a marginal add. What is worth watching is whether this FID encourages further upstream commitments in a jurisdiction trying to reverse production decline, or remains an isolated bet.