Sunday, July 19

Industry and Trade

Coral Sul FLNG floating plant deep offshore the Mozambique coast. www.theexchange.africa

According to an article by Maritime Executive published August 17, 2022, since May Senegal and Germany have been working together to fast-track the completion of the BP-led Greater Tortue Ahmeyim (GTA) LNG project. The offshore field straddles the border between Senegal and Mauritania and is set to produce 2.5 million tons of LNG in the first phase. Plans call for output to double to 5 million tons in the second phase.

Earlier, Kosmos Energy, which is developing the GTA field with BP, said phase one is 80 percent complete. Senegal is now reporting that it will be ready to export its first LNG cargo to Europe in 2024 when production at Tortue Gas project is scheduled to start.

“Senegal will be able to sell its quota to Europe, especially Germany already, in the second half of 2024,” Mamadou Fall Kane, deputy permanent secretary of COZ-Petrogas, the government committee that monitors and develops oil and gas projects, told Bloomberg.

South African coal exports to Europe surge, and shipments to Asia decline. www.theexchange.africa

The ban on Russian coal imports will further strain coal supplies and force European consumers to look elsewhere at a time when there is already concern about dwindling supplies of Russian gas and a severe energy crunch in the winter.

According to an article by Africa News published May 26, 2022, as Europe takes action to reduce imports of Russian gas, the continent’s leaders have been looking to Africa as an alternative energy supplier. New deals have been signed with Algeria, Angola, Congo, Nigeria, and others are thought to be on the way.

In a related article by AFP dated April 21, 2022, Italy penned a deal with Angola to ramp up gas supplies from the southern African country as it urgently scrambles to break away from Russian gas over the Ukraine war.

“Today we have reached another important agreement with Angola to increase gas supplies,” Foreign Minister Luigi Di Maio said in a statement.

Kenya's highest paid musicians

Two decades ago, music was not considered a serious career in Kenya. Over the years, artists have transitioned from selling their music on compact discs (CDs) to streaming on YouTube and holding live performances. The rising technology has played a big part in this.

According to a report released by PriceWaterhouseCoopers, the Kenyan entertainment industry is ranked third in Africa in revenue. In 2019, it was estimated that the industry raked in Sh 347 billion.

Statista, a market and consumer data company, predicts that the entertainment revenues in Kenya will hit US$2.96 billion (Sh 353 billion) in 2023.

A Transnet Freight Rail train is seen next to tons of coal mined from the nearby Khanye Colliery mine, at the Bronkhorstspruit station, in Bronkhorstspruit, around 90 kilometers north-east of Johannesburg, South Africa. www.theexchange.africa

Transnet Freight Rail (TFR) will collaborate with Botswana Rail (BR) to fix parts of the 126 km rail line between Swartruggens, in South Africa’s North West province, and Mafikeng, on the border with Botswana, helping South Africa’s landlocked northern neighbor get its minerals, including thermal coal, to market.

According to an article by Reuters published on August 5, 2022, the rail revamp will enable heavy haul trains to travel from Botswana to South Africa’s ports of Richards Bay and Durban, TFR said. The project aims to be up and running in the next 24 months. However, financial terms were not disclosed.

TFR and BR will also build a rail line from Mamabula in Botswana to Lephalale in South Africa’s Limpopo province.

The two rail companies will work together to fight the “scourge of cable theft and infrastructure vandalism” that is impacting rail services, TFR said, adding this was a “rising problem” in Botswana.

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