Browsing: Russian gas

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 …

The European Union has imposed restrictions, including a partial oil embargo on Russia. The sanctions will see the E.U. ban seaborne imports of Russian crude oil by the end of 2022. Additionally, petroleum product imports would stand prohibited by early 2023. European Commission President Ursula von der Leyen reiterates the E.U. plans to reduce reliance on Russian fossil resources by 2027.

Because of the European Union’s political determination to minimize its reliance on Russia in response to Moscow’s invasion of Ukraine, the E.U. is now searching for alternative suppliers. The search implies that suppliers such as Africa’s underdeveloped frontier energy markets may discover new energy markets in Europe. Optimism remains high since it is clear the E.U. no longer rely on Russian gas. Russia has for years remained a primary gas supplier in Europe.…

• In reality, Russia’s assault on Ukraine will spark an African energy transformation, leapfrogging fossil fuel use in Africa and Europe.
• Improved infrastructure is required to increase gas flows from Africa to Europe.
• The European Union (EU) imported 155 billion cubic meters of natural gas from Russia in 2021, accounting for about 40 per cent of total EU gas consumption.
• Solar energy can also scale up quickly, potentially outpacing plans to develop new liquefied natural gas ports.

Europe’s Energy crisis has been born from the European Union imposing sanctions on Russia. The EU imported 155 billion cubic meters of natural gas from Russia in 2021, accounting for about 40 per cent of total EU gas consumption.

Because of their persistent reliance on Russian oil and natural gas, Europe continues to support Putin’s economy – and, indirectly, his war machine – with hundreds of millions of Euros every day in return …