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Category: Gas

International Gas News

Egypt Suspends LNG Exports to Tackle Power Shortage

Egypt has announced temporary cuts to its liquefied natural gas (LNG) exports starting from May to address power shortages anticipated during the summer months. The move aims to increase gas availability within the country to meet rising electricity demands, amidst recurring power outages. The Ministry of Electricity estimates a daily requirement of approximately 105 million m3 of natural gas, along with 10,000 tons of diesel, with demand expected to surge to 135 million m3 of gas as temperatures rise

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Local Energy Gas News Oil

Angola’s Energy Sector Thrives Despite Global Challenges

Angola’s energy sector continues to demonstrate resilience and potential, as highlighted by recent reports from the Ministry of Mineral Resources, Oil and Gas (MIREMPET). In the first quarter of 2024, the country exported a significant volume of Liquefied Natural Gas (LNG), Liquefied Petroleum Gas (LPG), and condensates, totaling 966,394 metric tons, generating revenue of $393.6 million. While these figures represent a slight decrease compared to the previous quarter, they underscore the ongoing strength of Angola’s

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International Gas Gold Mining Projects News

Invictus Energy Partners with Himoinsa and Dallaglio for Gas-to-Power Project in Zimbabwe

Invictus Energy, an independent upstream oil and gas company, has inked a Memorandum of Understanding (MoU) with Himoinsa Southern Africa Proprietary Limited and Dallaglio Investments Pvt Ltd. The agreement aims to develop a gas-to-power project to supply electricity to the Eureka Gold Mine in Zimbabwe. Under the partnership, Invictus Energy will provide feedstock from its Cabora Bassa Project to fuel a proposed 12MW gas-to-power plant, which will be constructed by Himoinsa. The electricity generated from

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Local Gas News Oil

Angola Pledges Support for Namibia’s Oil and Gas Industry Development

Angola reiterated its commitment to aiding Namibia in the advancement of its oil and gas sector during the Namibia International Energy Conference (NIEC) held in Windhoek. Osvaldo Inácio, Executive Director of Angola’s national oil company Sonangol and Chairman of Sonangol Integrated Logistics Group (SONILS), emphasized the potential for collaboration between the two countries in bolstering Namibia’s oil and gas industry. Inácio underscored opportunities for cooperation in logistics and skills development, leveraging Angola’s extensive experience in

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International Gas News

Ghana: Genser Energy Commissions 110km Gas Pipeline

Diversified energy company Genser Energy commissioned a 110km natural gas pipeline to propel Ghana’s power sector and foster economic growth. The inauguration took place on April 17 in the presence of Ghanaian President H.E Nana Addo Dankwa Akufo-Addo and Minister of Energy Matthew Opoku Prempeh. Dubbed the Anwomaso Gas Pipeline, the project will transport natural gas from western Ghana to power the 250 MW Kumasi 1 Thermal Power Plant, ensuring energy security and affordability in Ashanti

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International Gas News

Exxon Mobil Progresses Toward Gas Project Resumption in Mozambique’s Cabo Delgado

Mozambican President Filipe Nyusi announced last week that Exxon Mobil is actively “mobilising resources and funding” to resume its project in Cabo Delgado, with discussions focusing on security updates in the northern region. Nyusi briefed journalists on his visit to Washington this week, highlighting Exxon Mobil’s keen interest in restarting operations in Mozambique. He stated that the multinational is currently in the process of securing resources and funding for the project. Exxon Mobil had previously

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International Gas News Oil

Trident Energy Secures Key Acquisitions in Republic of Congo Oil and Gas Fields

Trident Energy, an international player in the oil and gas industry, has finalized agreements with major companies Chevron and TotalEnergies to acquire interests in operational fields located within the Republic of Congo. Under the terms of the agreements, Trident Energy will acquire a 31.5% non-operating stake in the Moho-Bilondo, Nkossa, and Nsoko II fields from Chevron. Additionally, it will obtain a 15.75% operated interest in the Lianzi field, also from Chevron. In separate deals with

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International Energy Gas

Tanzania Positions Itself as a Key Player in East African Energy

Tanzania’s abundant gas reserves, estimated at around 57 trillion cubic feet (tcf), will take center stage at the Invest in African Energy (IAE) 2024 conference, highlighting the country’s quest for partnerships in exploration, development, and processing ventures. With significant offshore gas discoveries, Tanzania is poised to become a major LNG exporter, spearheading projects like the Tanzania LNG initiative. This flagship endeavor, led by Equinor, Shell, and ExxonMobil, aims to produce 10 million metric tons of

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Local Gas News Oil Petroleum

Diesel prices will cost 200 kwanzas per liter from this Tuesday

A liter of diesel will cost 200 kwanzas from zero o’clock today, the 23rd, according to a statement from the Petroleum Derivatives Regulatory Institute released on Monday. According to the document, the measure is part of the gradual adjustment until 2025 of the public sale prices of petroleum products to market levels. “The Petroleum Derivatives Regulatory Institute informs, on the other hand, that the prices of gasoline, illuminating oil and liquefied petroleum gas, also known

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International Gas News

PetroSA Expands Gas Supply with Mozambique Deal

PetroSA, South Africa’s state-owned oil and gas company, is gearing up for the arrival of gas shipments from Mozambique’s ENH later this year. This move is part of PetroSA’s strategy to boost energy reserves and mitigate potential shortages. Having secured a gas trading license from regulators in March, PetroSA wasted no time in finalizing a deal for an initial 2 petajoules of gas annually, with plans to increase this to 200 petajoules in the future.

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