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The resumption of LNG exports from the Egyptian LNG (ELNG) liquefaction terminal at Idku relieves some of the pressure on Egypt’s gas market, which has swung into a state of oversupply thanks to the global impact of the coronavirus pandemic, but local industrial consumers are still pushing hard for price reductions.

Egypt
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Investors, contractors and financiers have been reassessing southern Africa’s potential to emerge as a natural gas producer, supply hub and importer of molecules and electrons for gas-to-power (GTP) schemes. Mozambique’s emergence as an LNG exporter gives it potential to develop new gas-based industry and infrastructure. Developments in southern Mozambique further suggest it could drive a wider regional industry, with more gas exported by pipeline.

Mozambique | Botswana | Lesotho | Angola | Namibia | Malawi | eSwatini (Swaziland) | Zambia | Zimbabwe | South Africa
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Libya
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Nigeria is proving to be a testing ground for trucking gas on African roads, while Circle Gas’s LPG-based cooking solution is building up a consumer base in Kenya and Tanzania. Africa remains a frontier market for ‘virtual pipelines’ and other innovative uses for gas, but business models are evolving to create some vibrant new industries, writes Jon Marks.

Nigeria | Kenya | Ghana | DR Congo | Tanzania
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Sasol announced on 21 December that it had signed a sale securities purchase agreement with Azura Power Limited for its 49% shareholding in the 175MW Central Termica de Ressano Garcia (CTRG) plant. Azura will pay approximately $145m, and the transaction is subject to regulatory approval and the waiver of pre-emption rights held by utility Electricidade de Moçambique, Sasol said.

Mozambique
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Project context

General Electric (GE) will supply power generation equipment to the 300MW West African Energy combined-cycle plant in Cap des Biches, Dakar, the company announced on 28 January.

Senegal
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Société Nationale des Hydrocarbures (SNH) has given New Age (African Global Energy) Ltd formal approval to apply for a new exploitation agreement for the Etinde licence. This would replace the existing Etinde exploitation agreement (EEA) which came into force by presidential decree in January 2015 and had been due to expire. Partner Bowleven said the new agreement, reached following talks with SNH, “would be for the production of hydrocarbons including the delivery of gas to thermal power plants or any other projects confirmed by the state”.

Cameroon
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London-listed Energean announced on 21 January that it had taken a final investment decision on the North El Amriya and North Idku (NEA/NI) concession subsea tieback project offshore Egypt. The NEA concession contains two discovered and appraised gas fields, Yazzi and Python, while the NI concession contains four discovered gas fields, one of which is ready for development. NEA/NI is due to deliver first gas in H2 2022 from 49m boe of 2P reserves, 87% of which is gas. Peak production is expected to be approximately 90mcf/d, plus 1,000 b/d of condensates.

Egypt
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Equinor has written down the book value of its Tanzania LNG project by $982m, amid questions over future global LNG demand and continued concerns about Tanzania’s business environment. Equinor’s partner ExxonMobil has been seeking a buyer for its stake for some time. Equinor said that, while progress had been made in recent years on the commercial framework, overall project economics had not yet improved sufficiently to justify keeping it on the balance sheet at its previous value. 

Tanzania
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Project context

Mineral resources and energy minister Gwede Mantashe on 18 March announced eight preferred bidders for the Risk Mitigation IPP (RMIPP) Procurement Programme, which aims to procure 2GW of power to bridge a looming supply gap.

South Africa
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The appointment of a new unified government opens the way to significant reform of Libya’s energy sector. While power supply will be a key priority, the return of sovereign authority to the oil sector could finally enable long-awaited regulatory reforms, provided the new oil minister can work with NOC, writes John Hamilton.

Libya
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Sonatrach subsidiary Naftal’s liquid petroleum gas director Rachid Yaguer has said a project to build two pipelines to carry LPG from Arzew in the west to Algiers would be launched soon. The project is intended to replace transport by sea to major demand centres. Yaguer told Echourouk TV the two 400km pipelines should be built within 36 months, to supply the capital, where LPG use has been rising quickly.

Algeria
Issue 436 - 15 April 2021

Sudan: Khartoum refinery restarts

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The country’s largest refinery was reported to have resumed operations on 27 March, after at least two months’ closure for routine annual maintenance. According to local media reports, the refinery will gradually ramp up operations to full capacity. Khartoum refinery runs at around 80% capacity due to insufficient crude supplies.

South Sudan
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What’s not to like for investors in President Abdel Fattah El Sisi’s Egypt? The government’s International Monetary Fund-supported reform programme has greatly improved macroeconomic conditions; Egypt was a rare economy that reported some growth in Covid-plagued 2020, despite a huge downturn in tourism and other key revenue-earners. Its commitment to accelerating infrastructure development has sucked funds into global-scale solar and wind power programmes.

Egypt
Free

 The Islamist uprising in Mozambique’s northern Cabo Delgado province reached a new level of intensity when hundreds of militants attacked Palma on 24 March; the insurgents occupied the town for over a week. The Mozambique Armed Defense Forces (FADM) said on 4 April it had retaken control, but the state’s inability to protect its citizens and its largest foreign investor was plain to see as the jihadists carried out a swift, complex attack in which all its security forces were either killed or deserted.

Mozambique