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International Gas News

Algeria Initiates Talks for Strategic Trans Saharan Gas Pipeline to Europe

1, October, 20241, October, 2024

Algeria, along with two other African nations, is set to resume discussions to advance the Trans Saharan Gas Pipeline (TSGP), a proposed 4,000 km gas pipeline aimed at delivering natural gas to Europe. Algerian Energy Minister Mohamed Arkab announced plans to meet with the oil ministers of Nigeria and Niger to discuss the project’s progression. Following a meeting with Niger’s Oil Minister, Sahabi Oumarou, Arkab described the TSGP as a “strategic” initiative poised for realization.

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Renewable Energy International News

Egypt Sets Ambitious Renewable Energy Goals at BRICS Conference

1, October, 20241, October, 2024

At the BRICS Energy Ministers Conference, Minister of Electricity and Renewable Energy Mahmoud Esmat outlined Egypt’s ambitious objectives, aiming for renewable energy to constitute over 42% of the country’s energy mix and to capture 5-8% of the global green hydrogen market by 2040. In his opening remarks at the conference in Moscow, Esmat emphasized Egypt’s commitment to transitioning to sustainable energy sources, leveraging the country’s abundant solar and wind resources. He explained that Egypt’s strategy

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Gold International News

Tanzania Enforces Gold Export Quota to Boost Foreign Reserves

1, October, 20241, October, 2024

In a bid to strengthen its foreign reserves, Tanzania has called upon the country’s gold exporters to contribute to national efforts. According to Reuters, Tanzania’s mining regulator has mandated all gold-exporting companies to allocate at least 20% of their gold to the Central Bank of Tanzania (BoT). This initiative aims to support the bank’s strategy to diversify its foreign reserves. The central bank began acquiring gold from local traders and miners in the previous fiscal

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International Gold News

Top 10 African country with the highest foreign exchange and Gold reserves

1, October, 20241, October, 2024

In global finance, few metrics carry as much weight as a country’s foreign exchange and gold reserves. These reserves are like a financial safety net, helping countries weather economic storms, stabilize their currencies, and handle international debts. In global finance, few metrics carry as much weight as a country’s foreign exchange and gold reserves. These reserves are like a financial safety net, helping countries weather economic storms, stabilize their currencies, and handle international debts. At

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International Gas News Oil

TotalEnergies Awaits Mozambique Election Outcome Before Resuming LNG Project

1, October, 20241, October, 2024

Mozambican President Filipe Nyusi believes that French oil and gas giant TotalEnergies is waiting for the results of the upcoming presidential, parliamentary, and provincial elections, scheduled for 9 October, before restarting its liquefied natural gas (LNG) project in Cabo Delgado province. Speaking to reporters on Tuesday at the end of a four-day visit to New York, where he attended the United Nations General Assembly, Nyusi noted that TotalEnergies remains committed to resuming the project but

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International News Oil

Uganda Receives First Batch of Pipes for East African Crude Oil Pipeline

1, October, 20241, October, 2024

Uganda has received its first batch of line pipes for the East African Crude Oil Pipeline (EACOP). The shipment arrived on Monday at the pipe yard in Kyotera District, following Tanzania’s earlier receipt of its initial batch for the joint project. This delivery of coated line pipes signals Uganda’s commitment to meeting the EACOP’s target date for full operations in 2026. According to the East African, the coating factory in Nzega, located in Tanzania’s Tabora

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Transport and Logistics Local News

AFC Signs Concession Deals for Angola-Zambia Lobito Rail Project

1, October, 20241, October, 2024

Africa Finance Corporation (AFC) has made significant progress on the Zambia Lobito Rail Project by signing concession agreements with the governments of Angola and Zambia. These agreements, finalized during a ceremonial signing on September 23, cover the financing, construction, ownership, and operation of the railway. t The event, hosted by U.S. Secretary of State Antony J. Blinken, coincided with the 79th session of the UN General Assembly (UNGA 79) as part of the Biden Administration’s

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International News Oil

Eni to Launch Drilling in Libya’s Ghadames and Sirte Basins

1, October, 20241, October, 2024

Italian oil company Eni has announced plans to begin onshore exploratory drilling in Libya’s Ghadames Basin next month, with an offshore drilling campaign in the Sirte Basin slated to start by late 2025. At the Libyan-Italian roundtable in Rome, Martina Obizzi, President of Eni’s North Africa and Levant region, underscored the significance of exploration in the energy sector. “Exploration is a key pillar of the energy industry,” Obizzi stated, as reported by Energy Capital &

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International Gas News

ExxonMobil Set to Finalize Natural Gas Extraction Design in Cabo Delgado

1, October, 20241, October, 2024

Walter Kansteiner, Vice President of ExxonMobil, announced on Tuesday that the technical design for the natural gas extraction project in Cabo Delgado, northern Mozambique, is expected to be completed within the next year. ExxonMobil is spearheading the construction and operation of all future natural gas liquefaction facilities for the Rovuma Basin Area 4 deep-water block, which is located off the Cabo Delgado coast. This project is operated by Mozambique Rovuma Venture (MRV), a joint venture

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Gas International News

ExxonMobil to Finalize Technical Design for Mozambique Gas Project within a Year

1, October, 20241, October, 2024

ExxonMobil expects to complete the technical design of its natural gas extraction project in northern Mozambique within the next year, according to Walter Kansteiner, the company’s Vice President for International Government Relations. Kansteiner made the announcement yesterday in New York after a meeting with the Mozambican President, who was concluding a visit to the United States. “We have announced our Front End Engineering Design (FEED), which is our advanced engineering and design phase. This process

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