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African Energy - Issue 376 - 13/09/2018

Equatorial Guinea lining up strategic partner for Gas Megahub

Equatorial Guinea’s Ministry of Mines and Hydrocarbons plans to announce the appointment of a strategic partner for its Gas Megahub project by October. Mines and hydrocarbons minister Gabriel Mbaga Obiang Lima told African Energy that the strategic partner would start work on the project by year-end or early in 2019. He said the ministry had been working with Marathon Oil Corporation and Noble Energy on arrangements to backfill gas for the EGLNG liquefied natural gas plant as the first phase of the project to replace declining production from the Alba field (AE 369/1).

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African Energy - Issue 375 - 30/08/2018

Ethiopia’s Grand Renaissance Dam: from national treasure to political football

In his first news conference on 25 August, Prime Minister Abiy Ahmed confirmed significant problems with the 6.45GW Grand Ethiopian Renaissance Dam (Gerd) on the Blue Nile River. But rather than address the lengthy ongoing spat with Cairo over the $4bn project, or chief engineer Semegnew Bekele’s death in central Addis Ababa in a mysterious 26 July shooting, Abiy’s comments shed more light on a distinctly domestic dispute.

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African Energy - Issue 374 - 26/07/2018

Zambia cost-of-service study faces obstruction and delay

Zesco and senior officials are determined to press ahead with tariff increases despite the stalling of a cost-of-service study that was intended to form the basis of a new multiyear tariff determination. Negotiations have been under way since last year with large consumers, mostly mines, which are still in the process of agreeing an interim tariff.

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African Energy - Issue 373 - 12/07/2018

Shadow of debt has not yet deterred Zambia’s investors

An announcement by finance minister Margaret Mwanakatwe on 6 July that the government had completed a three-week investigation into its debt sustainability and “we know what debt we have and also we have shared the facts and figures with the [International Monetary Fund] IMF” illustrates how perilous its debt situation has become. A combination of inept governance and ugly politics means that President Edgar Lungu’s administration has lost credibility to the point that investors are sceptical of both its figures – the government claims to have $9.3bn of external debt – and its ability to get control of its finances.

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African Energy - Issue 372 - 28/06/2018

Turmoil in Libya’s oil crescent threatens new blockade

The deal between the Tripoli-based National Oil Corporation (NOC) and Cyrenaica-based Libyan National Army (LNA) that has ensured steady oil production of around 1m b/d for the past two years has broken down, threatening a new extended blockade of oil exports, the further destabilisation of the critically weak economy and possibly the opening of a new phase in Libya’s lengthy civil war.

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African Energy - Issue 371 - 14/06/2018

Islamist attacks in northern Mozambique highlight challenges facing LNG scheme

Scores of people have been killed since late May in attacks on villages in the northern Cabo Delgado province blamed on Islamist militants. In one attack near the coastal town of Palma, the attackers abducted residents from Monjane and Ulumbi villages who were found beheaded on 27 May in nearby bush. Security forces have deployed in the area, where consortia led by Anadarko and Eni are planning big liquefied natural gas (LNG) developments.

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African Energy - Issue 370 - 31/05/2018

Libya generation tenders undone by accountants and gunmen

Libya’s independent national audit authority has cancelled two power plant construction contracts worth $700m awarded by General Electric Company of Libya (Gecol) to Siemens and Turkey’s Enka Teknik in December because of irregularities in both the financing and the tender. African Energy understands that a powerful Tripoli-based militia may also have threatened violence to prevent the financing documents from being signed.

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African Energy - Issue 369 - 17/05/2018

Equatorial Guinea woos neighbours with regional gas scheme

The Ministry of Mines and Hydrocarbons and GEPetrol signed an agreement on 9 May with Noble Energy to provide additional gas as backfill for Marathon’s liquefied natural gas (LNG) plant as the first phase of the government’s planned Gas Megahub project.

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African Energy - Issue 368 - 03/05/2018

Final investment decisions approach for Mozambique LNG schemes

A group led by Anadarko Petroleum Corporation is nearing a final investment decision (FID) on the Golfinho-Atum liquefied natural gas (LNG) scheme, with long-term offtake agreements and a potential financial close finally coming into view even though sale of the full 12.8m t/yr nameplate capacity from the first two liquefaction trains is unlikely to be finalised before the key move.

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African Energy - Issue 367 - 19/04/2018

Senegal Scaling Solar tariffs drop below €0.04/kWh

Senegal’s Commission de Régulation du Secteur de l’Electricité on 5 April announced the results of a tender to build two 60MW solar photovoltaic (PV) plants at Kahone and Touba. The tender was launched under the mandate of the World Bank Group (WBG)-backed Scaling Solar initiative.

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African Energy Gulf States Newsletter