The issue leads with a focus on a possible eastwards expansion of the Lobito Corridor, which currently runs from Tenke in Democratic Republic of Congo (DRC) to Angola’s Lobito port on the Atlantic coast. The first phase is already leading to faster and cheaper exports of Copperbelt minerals, while a feasibility study is due on a Zambian spur.
The US is now mulling support for a potential extension of the corridor to the Indian
Ocean, which could compete with Chinese plans to rehabilitate the Tazara link, but might even lead to co-operation with Beijing.
Power coverage leads with Elton Oil's revised plans to develop an LNG import and regasification terminal at Dakar Port, Senegal. Initially proposed in 2021, the $120m facility holds great regional significance, given there is no regasification capacity in place in Senegal or in its neighbours. It could supply gas to Senelec’s 300MW Cap des Biches power plant due online by early 2025, as well as Aksa Energy’s 225MW Saint Louis plant, due to be commissioned in 2026.
Oil and gas coverage leads with Nigeria, where Oando has completed its acquisition of onshore acreage from Eni. Despite many challenges, local investors are continuing to make large bets on the mature assets being sold off by international majors. However, the wider economic environment is also difficult, with widespread protests laying bare the scale of the problems facing President Tinubu’s government.
African Energy also examines the latest developments in the Niger-Benin Export Pipeline (NBEP) dispute. A deal has ended a three-month suspension of oil shipments, enabling the resumption of significant Nigerien production – and vital foreign exchange earnings for Niamey. Meanwhile, the Nigerien junta has appointed a new oil minister with intriguing connections and has signed a deal with Algiers to restart work at a northern oil block.
Finance and policy coverage focuses on DR Congo, where despite an Angolan-brokered ceasefire signed on 30 July between DRC and Rwanda, rebels of the Alliance du Fleuve Congo and their M23 allies are moving north towards Butembo.Their advance along Lake Edward could reach DRC’s Albertine Graben oil blocks, though these have been unlicensed for several years.
The African Energy View examines the build up to presidential elections in Algeria on 7 September, where President Abdelmajid Tebboune is standing with the might of the Algerian state behind him.