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Category: Energy

International Energy

Global Energy Demand Hits Record High in 2024

Global natural gas demand surged by 2.7% in 2024, reaching an all-time high, according to the International Energy Agency’s Global Energy Review. Emerging and developing economies accounted for three-quarters of this growth, with total demand rising by 115 billion cubic meters. Industrial activity and electricity generation drove 75% of this increase. Gas demand for power generation climbed 2.8%, while residential and commercial consumption grew by 1.1%. Natural gas remained the second-largest power source, supplying 20%

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International Energy News

Mozambique and Zambia Sign Energy Interconnection Deal to Boost Regional Power Supply

Mozambique and Zambia have signed an agreement to interconnect their energy systems, enhancing electricity supply within the Southern African Development Community (SADC). The project will be carried out by Mozambique’s state-owned electricity company, EDM, and Zambia’s ZESCO. The Memorandum of Understanding (MoU) was signed on Wednesday by António Manda, Permanent Secretary of Mozambique’s Ministry of Mineral Resources and Energy, and Zambia’s Minister of Energy, Makoze Chikote. With an estimated investment of $411.5 million, the initiative

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Energy

Egypt and Norway Strengthen Energy Cooperation Advancing Green Ammonia Project

Egypt’s Minister of Petroleum and Mineral Resources Karim Badawi met with Norway’s Ambassador to Egypt Hilde Klemetsdal and Terje Pilskog, CEO of Norwegian renewable energy company Scatec, to discuss expanding cooperation in green energy. The talks focused on Scatec’s ongoing green ammonia production project in Damietta Governorate, which utilizes green hydrogen to support Egypt’s transition to sustainable energy. Badawi highlighted the strong partnership between Egypt and Norway emphasizing Norway’s advanced technologies and their role in

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International Energy

Ghana and Japan Sign $13.44 Million Grant to Boost Power Stability in Tamale

Ghana and Japan have signed a $13.44 million grant agreement to improve electricity supply stability in Tamale and surrounding areas. The grant will fund the construction of a primary power substation, along with a control room, transformers, and sub-transmission lines, to enhance electricity distribution in the region. The two-year project will be overseen by the Northern Electricity Distribution Company (NEDCo). Finance Minister Dr. Cassiel Ato Baah Forson signed the agreement on behalf of Ghana, while

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Energy Corporate News International

VAALCO Energy Expands in Côte d’Ivoire and Boosts Production in Gabon

VAALCO Energy is strengthening its footprint in Africa with a 70% acquisition of the offshore CI-705 block in Côte d’Ivoire. The deal, finalized on March 3, 2025, expands the company’s West African portfolio, following its 2024 purchase of the offshore Baobab field. The CI-705 block, located 70 km west of the CI-40 block, lies in the Tano Basin, a region with recent significant oil and gas discoveries. Positioned 60 km from Eni’s Calao discovery, the

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International Energy News

Nigeria and Russia in Talks for Nuclear Energy Partnership

Russia, which has secured energy agreements with more than a dozen African nations, is now in discussions with Nigeria on a potential nuclear partnership. Yusuf Tuggar, Nigeria’s Minister of Foreign Affairs, disclosed this during an interview with Sputnik on the sidelines of the 38th African Union Summit in Addis Ababa. Tuggar revealed that Africa’s largest oil producer is exploring a nuclear energy partnership with Russia, alongside discussions on other key sectors. “There are many opportunities

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International Energy

South Africa Explores Nuclear Expansion Amid Global Tensions

South Africa is seeking new allies for its nuclear power expansion, with Russia and Iran emerging as potential partners. This move, hinted at by a senior government minister, could strain relations with the United States and complicate efforts to renew a key energy agreement. Currently home to Africa’s only nuclear power plant, Koeberg, South Africa aims to add 2,500 megawatts of nuclear capacity to address persistent power shortages and advance its transition to cleaner energy.

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Partnerships Corporate News Diamonds Energy International

Sasol Partners with De Beers and Anglo American for Renewable Diesel Pilot in South Africa

Sasol, an integrated energy and chemical company, has signed a Joint Development Agreement (JDA) with diamond company De Beers and global mining giant Anglo American to launch a renewable diesel pilot project in South Africa. The initiative aims to evaluate the commercial and technical viability of producing renewable diesel. The project will use Solaris and Moringa crops to produce vegetable oil, which will then serve as feedstock for Sasol’s existing facilities, designed to produce low-cost

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Local Energy News

Congo-DRC-Angola Power Line Set for 2025 Launch

The European Union (EU) will commission a 1,400 kV power transmission project in 2025, linking the Republic of Congo, the Democratic Republic of Congo (DRC), and Angola. Known as the Boucle de l’Amitié Énergétique, this initiative aims to address chronic electricity shortages, enhance regional energy security, and support economic development. Electricity access in the Republic of Congo remains limited, with only 68% of urban areas and 12% of rural areas connected to the grid. The

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International Energy

Nuclear Power Set to Break Records by 2025 Amid Growing Global Demand

Global nuclear power generation is projected to hit record levels by 2025, driven by rising electricity demand, new projects, and technological advancements, according to the International Energy Agency (IEA) report The Path to a New Era for Nuclear Energy. The report outlines the sector’s significant opportunities while highlighting its challenges. Nuclear power currently provides nearly 10% of global electricity, making it the second-largest source of low-emission electricity after hydropower. As global electricity demand is expected

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