Algeria's Energy Future was launched at a half-day round-table seminar at Chatham House, London, on Wednesday 6 April.
The report was presented at the seminar by its lead authors, Jon Marks and John Hamilton, and critically assessed by Algerian and international experts. Read more
The African Energy Atlas has established itself as an indispensable resource for energy industry professionals.
The 2011 edition features more than 45 maps and charts drawn with expert care by journalist cartographer David Burles. Read more
Briefings and Reports 2
AfricaHardball is an executive dialogue that brings together policy-makers, industry leaders and analysts to discuss the key political issues affecting African markets in frank and open terms.
The next AfricaHardball roundtable will be held on 1 December in London, focusing on North Africa Read more
Briefings and Reports 3
A detailed and frank analysis of Libya’s energy sector
Published in July 2010, Libya's Energy Future provides authoritative, independently sourced analysis of Libya’s energy sector policy and history, examines the country’s governance and financial record and assesses the potential for international partners to do business with its institutions and interest groups.
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.
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