Africa

Eni and partners to decide on Mozambique LNG investment by mid 2024

Italy's Eni SpA hopes to reach a final investment decision on its second floating LNG project in Mozambique by the end of June next year.

Niger bans exports of liquefied petroleum gas

Niger has banned all exports of LPG until further notice, the government said in a statement.

Egypt to resume LNG exports this month, minister says

Egypt, which faces growing demand for gas from its population of 105 million, will resume LNG exports this month as planned.

ADNOC top exec says oil and gas could remain relevant until 2050

Oil and gas will remain a relevant part of the energy mix until potentially 2050, Musabbeh Al Kaabi, Executive Director of Low Carbon Solutions and International Growth at Abu Dhabi National Oil Company said during an energy conference in Abu Dhabi.

Egypt approves GASCO project to increase capacity of Western Desert Gas Complex

Cabinet approves GASCO project to increase capacity of Western Desert Gas Complex with fourth production line of 600 MMcf/d.

North Africa will be Italy's key gas supplier for years, Eni top exec says

Algeria, Egypt and Libya will be Italy's main gas suppliers for the next few years, Eni's head of natural resources said, adding that the energy group would invest heavily in Africa both in exploration and in new low-carbon projects.

Technip Energies launches SnapLNG by T.EN, a solution for low-carbon and accelerated time to market LNG production

Technip Energies presents SnapLNG by T.EN, an innovative modular, pre-engineered and standardized solution for LNG decarbonized production and accelerated time to market with unparalleled certainty and plant reliability.

Three countries began importing LNG this year, and more will follow

Global LNG import capacity is set to expand by 16%, or 23 Bcf/d, by the end of 2024 compared with 2022.

Tanzania names new energy minister to oversee LNG development

Tanzania President Samia Suluhu Hassan named a new energy minister as part of a cabinet reshuffle, ahead of expected cabinet approval for a $42-B LNG project.

bp urges more gas and oil investment while speeding energy transition

Global oil major bp said the world must invest in the production of gas and oil to avoid sharp price spikes while accelerating the energy transition to combat greenhouse gas emissions.

Nigeria LNG's force majeure declared in October to continue

Nigeria LNG said the force majeure it declared in October due to widespread flooding that disrupted supply is continuing.

Nigeria's Tinubu hails significant new gas-fired power plant

Nigeria began construction of a 1,350 megawatt gas-fired power plant near its capital Abuja, the first major project under President Bola Tinubu, who promised to improve erratic electricity supply and spur sluggish economic growth

Nigeria turns to natural gas for fuel as petrol prices rise after subsidy removal

Nigeria is turning to gas as an alternative fuel after it scrapped a popular but costly subsidy on petrol that has seen pump prices rise sharply, angering motorists and businesses that use petrol to generate their own power.

Nigerians turn to gas to power their generators as petrol prices soar

Nigerians modify their home power generators to run on LPG rather than gasoline.

Germany, South Africa agree to cooperate on green hydrogen projects

Germany and South Africa y agreed to cooperate on green hydrogen projects in the latest bid by Europe to tap into Africa's huge renewable resource potential to meet 2050 net zero targets.

South Africa partners with Dutch, Danish governments on green hydrogen fund

South Africa and the governments of the Netherlands and Denmark launched a $1-B green hydrogen fund to help kick-start an industry seen as critical to the country's decarbonization efforts.

Tanzania to review approval of $42-B LNG project in June

Tanzania's government said it had completed negotiations with the investors of its $42-B liquefied natural gas project, with the agreements set to be reviewed for approval next month.

TotalEnergies prepares for Mozambique LNG restart

French energy company TotalEnergies will relaunch its Mozambique LNG project once it has followed the recommendations of a commissioned human rights report that was published.

Global gas markets rebalancing and remains tight in 2023

Global gas markets are gradually rebalancing but are expected to remain tight in 2023 amid lower Russian pipeline gas deliveries to Europe.

TotalEnergies says Mozambique LNG restart complicated by cost disagreements

The restart of TotalEnergies' $20-B Mozambique LNG project is being complicated by disagreements with contractors over extra costs.

Eni launches LNG production in Congo Republic

Italian energy group Eni and Congo Republic's government on Tuesday launched a $5-B gas liquefaction project expected to reach a production capacity of 3 million tpy in 2025.

Mozambique president says TotalEnergies can safely resume $20-B gas project

Mozambique President Filipe Nyusi said it was safe for TotalEnergies to restart the Cabo Delgado LNG project that was halted in 2021 after insurgent attacks on civilians.

Russia's Sibur exports LPG to Africa, Middle East and Asia as EU cuts buying

Sibur, the largest producer and exporter of LPG in Russia, redirected exports to Africa, the Middle East and Asia in the past three months.

Angola LNG operating at reduced rates, tenders withdrawn

Angola's only liquefied natural gas (LNG) project, Angola LNG, has recently cancelled tenders due to production issues at its plant.

Saipem to restart Mozambique LNG project for Total in July

Saipem has agreed to restart a LNG project in Mozambique for TotalEnergies in July, the chief executive of the Italian energy services group said.

bp confirms Phase 2 of the Greater Tortue Ahmeyim LNG project

bp and partners confirmed the development concept for the second phase of the bp-operated Greater Tortue Ahmeyim LNG project that they will take forward to the next stage of evaluation.

IEA convenes Special Ministerial on natural gas markets and actions to reinforce supply security

Some 40 countries will convene for a Special IEA Ministerial (International Energy Agency) on February 15 to review the state of natural gas markets and discuss actions to strengthen security of supply amid the global energy crisis.

Using the over-the-counter markets to navigate the shifting LNG landscape

1/1/2023

The considerable disruption in today’s natural gas markets should come as no surprise.