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Finance minister and economic planning minister Jibril Ibrahim Mohammed on 8 June announced the removal of subsidies on petrol and diesel, telling retailers to raise the price of petrol by 93%, to S$290 ($0.67)/ltr, and diesel by 128%, to SP285/ltr – another big hike, if less than in the government’s initial fuel and electricity price increases.

Sudan
Free

Confronted by the challenges posed of bringing people together during a period of continued global health, the organisers of the Africa Energy Forum (aef) and Africa Investment Exchange (AIX): Power & Renewables have agreed to work in parallel to hold their industry-leading events in London during the week of 15-19 November.

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Geneva-headquartered commodities trader Montfort Group has acquired Matola Terminal de Armazenamento de Petróleos’s oil product storage facility in the Mozambican port of Matola. The unit, with 58,000m3-plus of clean product storage capacity, will be owned, developed and operated in partnership with Malaysia-based trading company Energi Asia.

Kenya | Mozambique
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East African Crude Oil Pipeline (Eacop) has begun to line up suppliers and started the land acquisition process in Tanzania, ahead of construction of the 1,443km pipeline between Kabaale in Uganda and Tanga port in Tanzania.

Uganda | Tanzania
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Plans for the Nigeria-Morocco gas pipeline project have edged forward, with the Islamic Development Bank (IsDB) announcing a call for expressions of interest for two consultancy contracts on the grandiose scheme.

Nigeria | Morocco
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State giant Sonangol’s gas and renewable energy business unit chair Manuel Barros said construction was due to start in Q3 2022 on a butane gas storage facility in Malanje, 380km inland from the capital Luanda. “The purpose of the facility is to increase the storage and delivery volume of the product in Malanje and neighbouring provinces,” he said

Angola
Free

Nigerian Content Development and Monitoring Board (NCDMB) executive secretary Simbi Wabote said the 10,000 b/d Duport modular refinery is on track to be completed before the end of December.

Nigeria
Free

Sonatrach president director-general was elected to head the Association Algérienne de l’Industrie du Gaz (AIG).

Algeria
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The Kipevu oil terminal is due to start operations in January, substantially increasing Kenya’s capacity to handle petroleum products for its domestic market and those destined for Uganda, Rwanda and Burundi.

Kenya
Issue 455 - 28 February 2022

Morocco: CID gets LNG terminal study

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The contract to carry out a technical study for the liquified natural gas (LNG) terminal at Mohammedia port has been awarded by the National Ports Agency (ANP) to a consortium of the local Conseil Ingénierie Développement (CID) and French companies Artelia and Principia.

Morocco
Free

South Africa’s Gigajoule expects its $550m Matola LNG import terminal to reach financial close by end-2022, with construction starting soon after.

Mozambique | South Africa
Issue 457 - 25 March 2022

A Russian trade?

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Both BP and Eni have been looking to offload their stakes in major Russian energy assets in the wake of the invasion of Ukraine, with Algeria mooted as a potential buyer for one key project.

Algeria
Free

Savannah subsidiary Accugas has signed an addendum to a gas sales agreement with First Independent Power (FIPL) which could see Accugas increase supplies by 30 mcf/d to 65 mcf/d.

Nigeria
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The Nigeria-Morocco Gas Pipeline (NMGP) scheme has secured more funding for studies – this time from the Opec Fund for International Development – despite some scepticism about the mega-project’s potential to ever get off the ground. Consultants have been lining up, with Australia’s Worley contracted to provide engineering services.

Nigeria | Morocco
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While advocacy groups are posing questions about the funding of the Lake Albert upstream scheme – and putting pressure on banks not to participate  – operator TotalEnergies on 9 June told African Energy that project financing for the East African Crude Oil Pipeline (Eacop) was being provided by shareholder equity and external debt, which is “being arranged with interested international financial institutions”.

Uganda | Tanzania