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Category: Energy

International Corporate News Energy

Kosmos Energy Begins LNG Exports from Mauritania-Senegal GTA Project as Output Hits 2.4M Tonnes

Kosmos Energy Launches Commercial Operations at Greater Tortue Ahmeyim LNG Project Kosmos Energy has officially commenced commercial operations at the Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project, located offshore Mauritania and Senegal, marking a major milestone for West Africa’s energy sector. According to a statement from Kosmos—listed on both the NYSE and LSE—the project’s floating LNG production unit, Gimi, has reached its Commercial Operations Date under a 20-year Lease and Operate Agreement. The

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Local Energy News

Angola Installs First Submarine Power Cable to Boost Electricity Supply in Mussulo

Angola has installed its first submarine electricity cable in the municipality of Mussulo, marking a major milestone in the country’s energy infrastructure. The cable is expected to significantly enhance the region’s power supply, increasing capacity from 20 to 30 megawatts. According to a statement from the Mussulo municipal administration, the cable was installed on Wednesday, July 2, 2025. In addition to carrying electricity, the cable also includes integrated optical fiber, making it a dual-purpose infrastructure

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International Corporate News Energy Oil

Afreximbank’s $4 Billion Backing Powers Dangote Refinery and Africa’s Energy Transformation

The African Export-Import Bank (Afreximbank), the continent’s leading development financier, has revealed that its total financial support to the Dangote Refinery and Petrochemical Complex has exceeded $4 billion. This was disclosed by the bank’s President and Chairman of the Board, Prof. Benedict Oramah, during the closing session of Afreximbank’s 32nd Annual Meetings held on Friday. Oramah attributed the bank’s ability to fund such a massive project to its adoption of what he termed “African Best

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International Energy

South Africa’s PIC and Development Banks Commit $37 Million to Boost Green Hydrogen Sector

South Africa’s Public Investment Corporation (PIC) has partnered with two development finance institutions to commit $37 million (approximately R655.6 million) toward financing the country’s green hydrogen industry. The Development Bank of Southern Africa (DBSA) and the Industrial Development Corporation (IDC) are collaborating to support the SA-H2 fund, which mobilizes both public and private investments. This fund is jointly managed by Climate Fund Managers, based in The Hague, and Invest International, a Dutch development finance institution.

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Infrastructure Energy International News

Italy’s CDP Grants €250 Million Loan to AFC for African Infrastructure and Energy Projects

Africa Finance Corporation (AFC) has secured a €250 million (approximately USD 289.2 million) 10-year term loan from Cassa Depositi e Prestiti (CDP), Italy’s national promotional and development finance institution. The announcement was made on Friday, June 20, 2025. The financing will be directed toward infrastructure and renewable energy projects across the continent, with a particular emphasis on the Lobito Corridor—an ambitious rail project intended to boost trade and connectivity in Southern and Central Africa. The

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International Energy Renewable Energy

Egypt Launches First Grid-Scale Battery Storage to Power Clean Energy Future

AMEA Power, in collaboration with the International Finance Corporation (IFC) and the Egyptian government, is deploying Egypt’s first grid-scale Battery Energy Storage System (BESS). This landmark project marks a significant step toward stabilizing the national grid and accelerating the country’s transition to renewable energy. To fund the initiative, IFC has committed a $72 million loan to the Abydos Solar Project Company, a subsidiary of AMEA Power. The financing supports the integration of a 300 MWh

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Local Energy News

Angola and Nigeria at the Forefront of Africa’s Energy Independence Drive

Angola and Nigeria are taking center stage in Africa’s quest for energy security, with the Africa Finance Corporation (AFC) projecting that the continent could meet up to 90% of its fuel demand through domestic refining—up from just 45% in 2024. This bold projection is outlined in the AFC’s newly released State of Africa’s Infrastructure Report 2025, which highlights Angola’s rising role as a strategic refining hub alongside Nigeria. Angola is increasingly recognized as a major

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Local Energy News Oil

Angola Balances Oil Expansion with Clean Energy Goals Strengthens Ties with Portugal and Brazil

Angola’s Secretary of State for Energy, Arlindo Bota Manuel Carlos, has reaffirmed the country’s commitment to expanding oil exploration while also accelerating the transition to cleaner energy sources. Speaking to Lusa on the sidelines of the 2nd CPLP Energy Conference in Estoril, Portugal, Carlos said Angola values the support of Portugal and Brazil in the development of energy projects. “Oil exploration should not be seen as a threat. We will not abandon the use of

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International Energy

Congo Secures AfDB Funding for Hydropower Feasibility Studies at Mbandza Ndounga and Linzolo

The Republic of Congo has secured funding from the African Development Bank (AfDB) to carry out feasibility studies for potential hydropower projects at Mbandza Ndounga and Linzolo. The support is provided through the Middle-Income Country Technical Assistance Fund, managed by the AfDB. The Mbandza Ndounga site, located in the southern region of the country, has been prioritized for immediate study. Meanwhile, the Linzolo site—about 20 kilometers south of Brazzaville—is included on a conditional basis. The

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International Corporate News Energy

BW Offshore Transfers FPSO BW Adolo Operations to BW Energy Gabon

Energy services firm BW Offshore, along with its exploration partner BW Energy, has successfully transferred operations and maintenance (O&M) responsibilities for the FPSO BW Adolo to BW Energy’s Gabonese subsidiary, BW Energy Gabon SA. Under the revised agreement, BW Energy will continue to own the FPSO through a bareboat charter arrangement, leasing the unit to BW Energy Gabon under existing terms, excluding O&M services. The vessel is currently producing oil from the offshore Dussafu Marin

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