Back to homepageBack to homepage
Sections
Downstream hydrocarbons & markets sample

• Current Issue
• Focus
• Power
• Upstream oil & gas
• Downstreamhydrocarbons
• Finance & policy
• African Energy View
• Map Library

• Country Archive

• Hot topics
• Project Updates

• Sample our content

Issue Alerts

Subscribers and non-subscribers can sign up for eMail Issue Alerts, a useful tool to keep up with what's happening in the region

• Sign up for eMail Issue Alerts

You'll receive an email update when each issue is published.

Briefings & Reports


New 2010 report & seminar

Libya’s Energy Future: Industry and Political risk outlook was launched at a Chatham House seminar in London on 20 July.

Based on African Energy’s unparalleled track record in following Libya’s energy story and careful, originally sourced reporting from Libya and global markets, this updated and enlarged special report analyses the major issues and the financial and political trends influencing development of Libya's energy industries.
Read more



A detailed guide to electrification in Africa

A 400-page study published in Paris by Karthala, L’Electricité au Coeur des Défis Africains (available in French only) includes an overview of the continental electricity supply industry and examples of generation, transmission and distribution projects. A chapter on decentralised rural electrification is followed by another on the establishment of decentralised services companies.

The book draws on articles and materials from a number of experts and sources, including African Energy.

Order a copy now, priced €36 / £30 plus postage and packing. Email: nick@africa-energy.com

 

AfricaHardball is an executive dialogue that brings together policy-makers, industry leaders and analysts to discuss the key political issues affecting the African energy industry in frank and open terms.

The last AfricaHardball roundtable was held on 29 June, prior to the start of EnergyNet Ltd’s annual Africa Energy Forum (AEF), in Basel.
Read more

Atlas 2010



Sponsored by

 




Latest Maps


Issue 142 • 4 July, 2008

Nigeria’s GTL financing milestone

A N26bn ($220m) financing agreement for the Escravos gas-to-liquids (GTL) project was signed on 21 June between a consortium of Nigerian banks and Nigerian National Petroleum Corporation (NNPC) and its joint venture partner Mobil Producing Nigeria (MPN).

The proceeds of the 25-year deal – which NNPC said marked the first project financing to be fully sponsored by Nigerian banks – will be used to complete the 40,000 b/d project at Escravos, known as NGL II. NNPC executive director for exploration and production Chris Ogiewonyi said in a statement “the project financing plan is in line with government aspiration to end gas flaring and monetise gas”.

The scheme began construction in 2004, when it also first went to the financing market for a larger $1.275bn financing facility involving Credit Suisse First Boston and the Overseas Private Investment Corporation alongside Nigerian banks Standard Trust Bank, Union Bank Nigeria and United Bank for Africa.

The facility shows the steadily growing strength of Nigerian banks in their own back yard following a significant sector consolidation. Standard Bank London senior manager, energy finance Stephen Enderle said that for major deals in Nigeria, international markets will generally be called on. “Where the Nigerian banks will be strong is in development risk – and for the smaller, more highly priced deals, where they are on the ground and can acquire a feel for the transaction risks.”

Nigeria is targeting output from NGL II to reduce its $4bn annual dependence on imported fuel. The GTL plant at Escravos – which includes the installation of an offshore gas processing complex and new pipelines – is 51% owned by MPN and 49% by NNPC.


TOP

or

BACK TO SAMPLE SELECTOR