Browsing: gas

According to The Citizen, storage capacity construction tender documents, Kenya looks forward to quickly loading cooking gas for truck distribution, which will likely cut demurrage costs.

“LPG storage capacity in Mombasa is limited and huge demurrage is incurred by LPG ships thus affecting the final consumer price of bottled gas,” read part of KPC tender documents” KPC tender document read in part.

As Tanzania continues to domesticate its natural gas and motivate healthy consumption from households to large enterprises, Kenya’s new LPG ambition stands to lower prices for LPG by 30 percent. At the same time, Tanzania looks forward to connecting LPG nationwide.

In April, Kenya revived the stalled subsidy scheme for affordable cooking gas, giving the LPG take up a shot in the arm.…

Judge Stuart-Smith said that the UKEF was entitled to view that supporting the project under consideration was in line with obligations under the Paris Climate Change Agreement. He supported the judgement by adding that the UKEF’s view was that the project was in general alignment with Mozambique’s stated climate change policies and was acceptable and not shown to be wrong.

A spokesperson for the UK government was cited by UKEF on March 16, replying to the first judgement by Justice Thornton, saying: “We welcome the judgment and remain confident that UKEF follows robust and internationally recognized due diligence before providing any support for overseas projects.”

Considering that the judges reached no consensus, the Friends of the Earth organization, which mobilized several activists near the court on March 17, said it is awaiting a court order determining the outcome.

The activists and protestants had placards reading “Stop gas funding in Mozambique”, …

Senegal is looking towards learning from the mistakes of other African countries in an attempt to reverse the so-called “resource curse” that plagues many oil and gas producing African countries. In a further demonstration of enlisting public opinion, such a broad meeting was called to brain-storm for ideas and incorporate into a national development programme.
“It is extremely import to remind you all today, we remain convinced that the promotion of a participatory, multi-institutional, and collaborative approach is imperative for capable governance and guaranteeing sustainable prosperity,” stated President Macky Sall of the Republic of Senegal.
Under this new legislation, the citizens of Senegal will have a seat at the table, with civil society to play a leading role in driving the discussion surrounding the monetization of the country’s oil and gas industry. This landmark act will ensure a trickle-down economy that guarantees investments within petrochemicals, agriculture, power, gas, and transportation, …

East Africa’s most close trade partners, Kenya and Tanzania have resuscitated their relationship, as President Samia Suluhu Hassan and Uhuru Kenyatta improve their relations by tying new deals to the table.

This new dawn comes as President Samia executes her strategic state visit in Kenya since the last visit made by her predecessor the late President John Magufuli in 2016.

According to information from The Citizen, the two neighboring countries agreed on fortifying trade and economic relations and “re-energize the joint commission on cooperation”.

The central bank of Tanzania (BoT) and Tanzania Revenue Authority (TRA) data show that Tanzania’s trade with Kenya registered a deficit of $35.8 million in 2018, which is less than a surplus of $90.2 million in 2017.

Further, Tanzania and Kenya agreed on building cooperation in fruitful economic sectors, tourism, transport, and logistics, and arise plans to build a natural gas pipeline between Dar es Salaam …

It is a sad day for Africa and Mozambique as Total SE the French energy company seal its $20 billion liquified natural gas (LNG) project in the security risk country rich in natural gas reserves, according to information from Total.

“Considering the evolution of the security situation in the north of the Cabo Delgado province in Mozambique, Total confirms the withdrawal of all Mozambique LNG project personnel from the Afungi site. This situation leads Total, as operator of Mozambique LNG project, to declare force majeure,” Total statement reads in part.

Mozambique as one of the few countries with natural gas reserves has been ravaged by frequent attacks executed by Islamic insurgents in Cabo Delgado province.

READ:Mozambique gas: Amid conflict, harmony gazes at Tanzania 

Various media sources, including Aljazeera, reported that the project has been stopped indefinitely due to an escalation of violence in the areas with LNG projects.

“The …

Mozambique—another African country endowed with plenty of natural gas reserves holding 100 trillion cubic feet (Tcf), has suffered another blow within the lucrative industry as security concerns forced French oil and gas giant company Total to postpone its work at a liquified natural gas (LNG) project in the country.

Internal conflicts have been occurring in Mozambique rather often. On March 27 Jihadis seized a town and allegedly attacked a convoy of fleeing civilians, which includes foreign workers, as fighting continued (Further Africa).

According to various media sources, including BBC, dozens of people are dead following an attack by Islamist militants on a town in northern Mozambique (Palma), where the LNG project is underway.

READ:Total’s Mayotte base not a threat to Mozambique’s Oil and Gas ambitions

According to information from Reuters, on Saturday Total said that none of the LNG project workers was among the victims.

However, according to BBC …

Oil and gas projects are very complex due to a variety of challenges that need to be overcome. Risk management and financial burden are some of the hottest issues currently on these projects.

Now imagine you add Covid-19 and insurgent movements near the project area.

“The French oil and gas company Total is considering setting up a logistical base for its Mozambican operations, not only in part of Mozambique, but on the French Indian Ocean possession of Mayotte, according to a report (…)” as per the digital news portal Club of Mozambique.

It shouldn’t come as a surprise at all.

Being part of the French territory, Mayotte offers the best option for Total as a preferential hub for their project in Mozambique. France operates a military base in Mayotte, in the form of a detachment of its Foreign Legion, making the island a super safe place.

Mayotte is very well …

Here, you will get information about Oil price by month

Oil price by month

It is good news for motorists as the energy sector pundits predict oil prices will decrease significantly in October.

As a matter of fact, the drop in oil prices may even have been much lower had it not been for the strengthening of international petroleum prices.

In South Africa, you have experts saying the prices will drop despite Rand’s poor performance against the US dollar.

In fact, SA media quotes data published by the Central Energy Fund (CEF), that indicated that the price of petrol will drop by a whopping 36 cents-per-litre come October. Its, even more, smiles for diesel consumers because the latter is expected to drop by as much as 85-cents-per-litre with some reports placing the price drop at an entire 93 cents per litre.

That is not it, paraffin is also anticipated …

As the Mozambique LNG plant nears US$15B finance – making it the biggest private investment in Africa – two main points of view arise, diametrically opposed:

Also Read: Angola’s exceptional measures in force during sanitary enclosure

• a more cautious short-term assessment identifies the current oversupply of natural gas worldwide, and a steep drop in price; in Asia, for instance, prices dipped so much that importers in China have released themselves from contracts claiming “force majeure”, a clause often invoked during natural disasters or war. Prices in Asia have fallen below US$3 per million British thermal units, whereas in mid-January it was comfortably above US$5/mmbtu.
• long-term growth prospects for the second half of this decade are phenomenally promising, with Royal Dutch Shell stating that demand has already been rising (by 12.5% only last year) and it forecasts that this demand will double by 2040, reaching 700 million tonnes. The fact that

Ahead of this week’s African Union meeting (Feb 9-10), more than 25 organisations, networks and community resistance groups from Africa and around the world have called on African governments to prevent the proliferation of coal, oil and gas in Africa and to ensure efforts to address fossil fuels match those which have helped reduce the danger from nuclear weapons, Power Shift statement reveals.

According to the statement, the communique signed by the group criticized the deliberate proliferation of coal, oil, and gas in Africa, contrary to scientific evidence and highlighted the contradiction between planned fossil fuel expansion and globally agreed climate targets.

They also condemned the way some African governments were avoiding scrutiny from civil society groups and even violently targeting environmental activists and human rights defenders in some places.

Representatives from the different NGO groups who attended an Africa Energy Leaders Summit on Climate Change, Energy, and Energy Finance …