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International Gas News

Egypt Raises Natural Gas Prices for Industry as It Accelerates Subsidy Cuts and IMF-Led Energy Reforms

Egypt Increases Industrial Natural Gas Prices to Cut Subsidies Amid Rising Import Costs and IMF Reform Pressure Egypt has raised natural gas prices for key industrial sectors as part of a broader effort to reduce energy subsidies and address mounting fiscal pressure caused by higher import costs and declining domestic gas production. A government decree published on Sunday confirmed that the new pricing structure took effect in May. The adjustments primarily target energy-intensive industries, including

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International Gas News

Nigeria–Morocco Gas Pipeline Gains Momentum as Europe Seeks New Energy Routes

Nigeria–Morocco Gas Pipeline: Europe Eyes West African Gas as Alternative Energy Corridor by 2031 Nigeria-led gas exports to Europe are drawing renewed attention as the Nigeria–Morocco Gas Pipeline project gathers momentum. The ambitious initiative is positioning itself as a potential energy corridor linking West Africa to European markets by 2031. Anchored on Nigeria’s vast natural gas reserves, the proposed pipeline is expected to traverse 13 countries along the Atlantic coast. Emerging gas producers such as

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International Corporate News Oil

UAE Exit from OPEC Raises Volatility Risks for Global Oil Markets and African Producers

UAE OPEC Exit Sparks Supply Uncertainty as Global Oil Market Faces Demand Weakness and Rising Output Global oil markets are facing renewed uncertainty following the Organization of the Petroleum Exporting Countries exit announcement by the United Arab Emirates, a move that comes at a time of fragile supply conditions and weakening demand growth. Abu Dhabi confirmed on April 28, 2026, that it will leave OPEC effective May 1, citing the need for greater flexibility to

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Gold International News

Sudan’s Gold Sector Becomes Economic Lifeline Amid Prolonged Conflict

Sudan Relies on Gold Revenues as War Enters Fourth Year, Smuggling and Investor Shifts Reshape Sector Sudan’s gold industry is emerging as the government’s primary source of revenue as the country’s civil war enters its fourth year. Strong performance from artisanal mining and renewed efforts to attract foreign investment are reshaping the sector’s role in the national economy. The Sudanese Mineral Resources Company (SMRC) reported that revenues from artisanal mining reached 113% of first-quarter targets

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International Corporate News Oil

Dangote Backs New East African Refinery Project in Tanzania

Dangote to Lead Tanzania Refinery Project as East Africa Pushes to Cut Fuel Imports Aliko Dangote has pledged to support the development of a new oil refinery in Tanzania, as African leaders intensify efforts to reduce dependence on fuel imports from the Middle East amid ongoing geopolitical tensions. According to William Ruto, the proposed refinery will be built in the port city of Tanga and connected to Mombasa via a regional pipeline network. The facility

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Oil Corporate News Gas

Libya Partners with Chevron to Assess Shale Oil and Gas Potential

Libya’s NOC and Chevron Sign Deal to Study 123 Tcf Gas and 18 Billion Barrels of Shale Resources National Oil Corporation (NOC) has signed a memorandum of understanding with Chevron to conduct a joint study on shale oil and gas potential across several of Libya’s sedimentary basins. According to an official statement, the collaboration will focus on evaluating unconventional hydrocarbon resources and identifying opportunities for future development. Preliminary estimates suggest that Libya’s basins may contain

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International News Oil

Uganda Plans New Oil Licensing Round to Expand Reserves

Uganda to Launch Third Oil Licensing Round as It Prepares for First Crude Production Uganda is preparing to launch a new oil exploration licensing round in the next financial year, as it moves closer to starting commercial crude production and seeks to expand its resource base. Speaking at a petroleum conference, Energy Minister Ruth Nankabirwa confirmed that the country will open its third petroleum licensing round in the financial year beginning in July. The round

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International Gas News

Cameroon Awards Five Oil and Gas Blocks in 2025–2026 Licensing Round

Cameroon Grants Key Exploration Blocks to Murphy and Octavia to Revive Oil Output Cameroon’s Société Nationale des Hydrocarbures (SNH) has advanced its 2025–2026 licensing round, originally launched on August 1, 2025, with the award of five oil and gas blocks to international operators. Murphy West Africa has secured four blocks in the Douala–Kribi–Campo basin, a strategically important offshore and coastal region known for its established infrastructure and previous hydrocarbon discoveries. Octavia Energy Corporation has been

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International Energy Gas News

Dakar LNG Terminal Project Set to Strengthen Senegal’s Energy Security

GasEntec and ELTON Partner to Deliver Dakar LNG Terminal, Boosting Senegal’s Power Capacity by 2027 GasEntec has signed contracts with ELTON Logistics & Services to supply a jetty-based LNG regasification unit along with associated onshore infrastructure for the Dakar LNG Terminal in Senegal. The project marks a major step toward expanding Senegal’s energy capacity and is expected to become one of West Africa’s leading LNG import facilities. Once completed, the terminal will supply natural gas

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Corporate News International Oil

UAE Exit from OPEC Raises Concerns Over Oil Market Stability and Nigeria’s Revenue Outlook

UAE to Leave OPEC in 2026: Analysts Warn of Oil Price Volatility and Revenue Risks for Nigeria The planned withdrawal of the United Arab Emirates (UAE) from the Organization of the Petroleum Exporting Countries (OPEC) is raising concerns among energy analysts, who warn the move could weaken the group’s influence over global oil prices and create risks for oil-dependent economies such as Nigeria. The UAE is set to exit the alliance on May 1, 2026,

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