Algerian LNG Attracts Interest from Bangladesh

Bangladesh has expressed strong interest in importing Liquefied Natural Gas (LNG) from Algeria, given the country’s rising energy demands. During a meeting with his Algerian counterpart Ahmed Attaf, Bangladesh’s Foreign Minister Dr. Ak Abdul Momen emphasized the critical significance that partnerships between the two countries may play in properly tackling this energy crisis.  As such, Algeria and Bangladesh are actively developing a time-bound plan to strengthen collaboration, particularly in growing areas of mutual interest. In addition to LNG, areas of

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Angolan and Namibian Sign Oil Sector Cooperation Deal

The Angolan Association of Oil and Gas Services Companies (AECIPA) and the Namibian Association of Offshore Oil and Gas Service Providers (NAOGSP) signed, on Monday August 28th, in Windhoek, an agreement to cooperate in strengthening the oil and gas industries. gas from the two countries. Under the terms of the agreement, AECIPA and NAOGSP will cooperate in several areas, including enhancing economic and commercial benefits for members, sharing industry information, research and development of new

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Mozambique’s Gas Project Outlook Improving

The consultancy firm Business Monitor International (BMI) believes that the outlook for natural gas projects in Mozambique is improving, despite the delay in the resumption of work by the French oil and gas company, TotalEnergies, in the northern province of Cabo Delgado. “The outlook for mega-projects in Mozambique is improving, with progress being made on the resumption of projects. TotalEnergies has taken several steps to restart the project, following the violence in 2021, which forced

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Southern African Bloc Supports $17B Gas Plan, Mozambique as Hub

A southern African bloc of nations backed a $17 billion natural gas infrastructure plan to bolster energy supplies on a continent where almost half of the population lacks access to power. The 16-member Southern African Development Community approved the blueprint to invest in infrastructure such as pipelines and terminals for local and imported supplies. While not yet a major source of gas, the bloc is home to some significant discoveries with projects in various stages

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Sonangol transports gas reservoirs to Barra do Dande

Sonangol is unloading 34 tanks of liquefied petroleum gas (LPG), known as cooking gas, at the Barra do Dande Ocean Terminal (TOBD), as part of the completion of that project designed to gather a storage capacity of 102 thousand meters cubic meters of that fuel, optimize the distribution and constitution of the country’s Strategic Petroleum Derivatives Reserve. The operation is complex, according to the project director, Mauro Graça, quoted yesterday by the Sonangol program at

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BODIVA approves special session for Sonangol obligations

The Angolan Debt and Stock Exchange (BODIVA) approved, on Friday 25th August, in Luanda, the requests for a Special Session to be held on the Stock Exchange and for admission to trading of the private Bonds of the Sociedade Nacional de Combustíveis de Angola, EP (SONANGOL). As explained in the statement sent to the newsrooms, the Special Session on the Stock Exchange will take place between 9:00 am and 3:00 pm on September 13th and

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Nigeria Pursues Affordable Energy Alternative Post Fuel Subsidy Removal

According to the Presidency, the cost of compressed natural gas (CNG), a less expensive substitute for premium motor spirit, often known as gasoline, is anticipated to be N250 a liter. The Federal Government and other stakeholders have proposed using compressed natural gas (CNG) as part of their attempts to reduce the cost of public transportation following the loss of fuel subsidies, which increased the cost of the good. This was announced by Ajuri Ngelale, Special

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Kinetiko Energy Teams Up with IDC to Advance South African LNG Project

The gas exploration company, Kinetiko Energy, through its subsidiary Afro Energy, has signed a non-binding Term Sheet with the South African national development finance institution, the Industrial Development Corporation (IDC), to co-develop a Joint Venture (JV) for the production of the country’s largest onshore Liquefied Natural Gas (LNG) project. Announced on 22 August, the first phase of the project will deliver 50 MW of gas equivalent energy and is expected to be developed over two

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QatarEnergy Awards $560 Million EPC Contract for Enormous North Field South Project

The North Field, located northeast of the Qatar peninsula, is the largest non-associated natural gas field in the world. QatarEnergy has awarded Técnicas Reunidas an additional Engineering, Procurement, and Construction (EPC) contract for work including pipelines, interconnections, ancillary systems, and other supporting components of the LNG Offplot facilities for the North Field South Project, the Spanish contractor said in a press release. Técnicas Reunidas is currently executing the EPC works for the expansion of the

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Looming Reduction in LNG Strike Risk Points to Continued Drop in Natural Gas Prices

Natural gas prices are likely to decline further today after Woodside Energy reached an in-principle agreement with a trade union that should significantly reduce the risk of industrial action at the largest LNG production facility in Australia. That’s according to ING’s Warren Patterson and Ewa Manthey, who wrote a note today, stating that natural gas prices in Europe had already shed 14% on Wednesday due to the prospect of an agreement between Woodside and its

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