Browsing: NJ Ayuk

Oil pipelines in Africa

The giant pipelines bridging African nations with Black Gold

Investing
  • One of Africa’s biggest pipeline is the 4,100Km Trans-Sahara Gas Pipeline connecting Nigeria and Algeria oil fields.
  • At 1,443Km East African Crude Oil Pipeline will connect Uganda’s oil fields to Tanzania’s coast.
  • Cutting across seven countries, the Central African Pipeline System will include refineries, gas-to-power plants, and LNG terminals.

As oil and gas industries continue to grow in Africa, the construction of regional, intra-African pipelines has a huge part to play in distributing these hydrocarbons across the continent, allowing Africa to reap the benefits of its energy resources.

These benefits included improved access, availability, and affordability of energy as well as energy security. It also contributes to added revenue to the participating countries and the skills development of local companies and individuals.

Africa, a continent teeming with untapped energy potential, has long been grappling with the challenge of delivering its vast oil and gas resources to its energy-hungry populations.

With …

OPINION: African liquefied natural gas makes sense for Europe, now and going forward

Industry and Trade

For practical reasons, European gas buyers need to find a way to make up for the supplies missing from Russia. And for both policy and practical reasons, Brussels wants to deny Moscow the opportunity to continue using gas supplies as a blunt instrument with which to threaten Europe in the future.

The change isn’t going to be immediate. Reducing Russia’s profile in the EU’s energy mix will take time. But the process of supply reduction is underway, and it has already opened up new opportunities for African gas producers to acquire market share in Europe. I expect those opportunities to last beyond the near term as the EU attempts to establish a new combination of gas suppliers to replace Russia over the next few years. 

I also hope Africa’s emerging gas producers take advantage of new LNG technologies, such as the modular Fast LNG solutions offered by New Fortress Energy…

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African lives matter too, energy policy decisions should consider their needs

Opinion

As African oil and gas countries struggle with Covid-19’s devastating impact on demand, two international groups seem to be celebrating it.

Earlier this month, the Organisation for Economic Co-operation and Development (OECD) and the International Energy Agency (IEA) described the low oil prices caused by the pandemic as a “golden opportunity” for governments to phase-out fossil fuel support and usher in an era of renewable energy sources.

“Subsidising fossil fuels is an inefficient use of public money and serves to worsen greenhouse emissions and air pollution,” OECD Secretary-General Angel Gurría said in a joint OECD-IEA statement. “While our foremost concern today must be to support economies and societies through the Covid-19 crisis, we should seize this opportunity to reform subsidies and use public funds in a way that best benefits people and the planet.”

I would argue that the OECD and IEA don’t necessarily know what’s best for the people …