All articles in the Gas Monetization Section:


President Jonathan to Commission the Uquo Gas Plant

By Fred Akanni, in Eket

Goodluck Jonathan, the Nigerian president, is scheduled to commission the Uquo Gas Processing Facility, in Eket, in the south east onshore Niger Delta, on Thursday, August 14, 2014.

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Egypt Wears BG’s Clothes to Rags

 

BG, the British Gas company, was able to lift only one cargo of Liquefied Natural Gas from Egypt in the second quarter (2Q) of 2014. And the likelihood of it receiving additional cargoes of the product from Egypt “is very limited for the foreseeable future”, the company has admitted.

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Eskom Seeks Gas Assets to Rein In Excessive Diesel Costs

Spends $1Billion To Fuel South Africa’s ‘Gasfired’ Plants

South Africa’s power utility Eskom is hoping to get the government’s mandate to participate in exploration and production of gas in order to reduce the mounting expenses on diesel for some of its electricity plants.

Africa’s largest electricity provider spent a whopping $1billion on diesel fuel in the 2013/14 financial year to enable it to operate its two Open Cycle Gas Turbines (OCGTs) in South Africa’s Western Cape Province. Last year’s expense on diesel is $7.7-billion (or 220%) above the $2.4-billion set aside in the revenue determination by NERSA, the country’s energy regulator, for the period.

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Egypt Gets $500MM Loan To Supply Gas To Households

World Bank Grant Helps replace LPG with piped Natural gas

The World Bank’s Board of Directors has approved a loan of $500 million for a project aimed to expand natural gas access to 1.5 million Egyptian households in eleven governorates, including three governorates (Sohag, Qena and Aswan) located in Upper Egypt, where poverty levels are the highest.

The Egypt Household Natural Gas Connection Project will support the Egyptian government’s programme to replace household consumption of Liquefied Petroleum Gas (LPG), which is mostly imported, with grid-connected natural gas. About 52 percent of the neighborhoods targeted by the project have poverty rates higher than Egypt’s national average.

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Sasol Looks To Produce Diesel, Gasoline, From Mozambique’s Deepwater Gas

…Opens an opportunity for monetization outside LNG export

Sasol is looking at the possibility of producing diesel and gasoline from processing the gas in the rich reservoirs in Mozambique’s prolific deep water Rovuma Basin.

The announcement of a joint pre-feasibility study for a large-scale gas-to-liquids (GTL) plant is the first firm indication of an option to monetize these vast rich gas deposits, outside the much trumpeted plans for LNG. Sasol’s partners in the project are the state hydrocarbon firm ENH and the Italian major ENI, which operates the acreage

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‘Egypt Is Not Short Of Natural Gas’- Former Oil Minister

Osama Kamal says the country could gain added value by producing chemicals with natural gas than generating power…

“We don’t have a shortage in natural gas”, a former Egyptian Minister of Petroleum has declared, in a statement that’s contrary to mainstream perception. “We are maintaining the same production rates”, Osama Kamal told Egypt Oil & Gas Web Portal (www.egyptoilgas.com). Kamal oversaw the crucial ministry under the deposed President Mohammed Morsi.

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EGAS Strapped For $1bn to import Fuel For Egypt’s Power Plants

By Mohammed Jetutu, North Africa Correspondent

Egypt’s state gas company EGAS, needs a billion dollars to execute agreement for 12 shipments of LNG, boat and pier rental in Ain Sokhna, and letters of guarantee.

The gas is required by the country’s power plants throughout the summer months. The Ministry of Finance has yet to provide the funds, according to Khaled Abdel-Badie, Chairman of EGAS.

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What To Expect in South Africa’s Coming Gas Master Plan

By Sully Manope, in Windhoek

South African Department of Energy’s Gas Utilisation Master Plan (GUMP), expected to be presented for public debate before the end of June 2014, will paint a picture of where the government wants investments to go in whatever emerges as a gas industry, according to the department.

The country is in sore need of increased electricity no doubt, but the GUMP, drafted with specialist support from Wood McKenzie and Mott MacDonald, envisages a broad based gas industry that is far more comprehensive than just gas to power services. It views the supply-demand dynamics between 2015 and 2050.

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Nigeria Earns Over $13 Billion As Dividends Of Investment In NLNG

By Idahosa Dominion Ejalen

The Nigerian state has earned over $13 Billion as dividends of its investment in the Nigeria Liquefied Natural Gas Limited, the country’s sole LNG exporter.

The country owns 49% of the company, through the Nigeria National Petroleum Corporation (NNPC). Three European majors: Shell, TOTAL and ENI hold a combined 51% stake.
The 22Million Metric Ton Per Annum (22MMTPA) capacity plant shipped its first cargo in October 1999.

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Jubilee and WAGP Are Inadequate For Ghana’s Growing Fleet of Gasfired Plants

Gasol LNG won’t get into the country before 2018

By John Ankromah

A key opportunity in Ghana is to source for gas and market it in the domestic space. The Jubilee field will finally feed the country’s first gas processing plant by December 2014. The field has estimated reserves of up to 1.4 trillion cubic feet of gas. The processing plant would ramp up to a maximum 150 million cubic feet of gas daily, most of which would be fed into two of the three VRA operated Takoradi Power Plants (T1 and T2), with a combined capacity of 550MW in Aboadze.

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