Page 11 - DMEA Week 33 2022

DMEA PIPELINES DMEA

That link pumps gas from fields off the country’s by Tema LNG Terminal Co. (TLTC), to import
western coast to Tema, where energy demand LNG from Nigeria from a unit of Shell under a
is strong. long-term off-take contract. So far, however, it
Presumably the new pipeline described by does not appear to have actually begun imple-
the MP would be filled with gas from another menting that contract.
source. Both of the vessels that make up the terminal
Since the completion of TTIP, an LNG are already present at Tema, but they have yet to
import terminal consisting of a floating regasi- handle any LNG.
fication unit (FRU) and a separate floating stor- According to previous reports, the FRU is
age unit (FSU) has been established at Tema. capable of handling 1.7 million tonnes per year
Ghana National Petroleum Corp. (GNPC) has (tpy) of LNG, and the FSU can store 145,000-
arranged to use the facility, which is operated 160,000 cubic metres of gas. ™

TERMINALS & SHIPPING
Subsidiary of CEF authorised to buy 50%

stake in BP’s Cape Town fuel terminal

AFRICA SOUTH Africa’s state-owned Central Energy fact that both of the oil refineries in Cape Town
Fund (CEF) has said that its subsidiary, the are now sitting idle.
Strategic Fuel Fund (SFF), had been authorised Moagi went on to say that he expected SFF’s
to proceed with the acquisition of a 50% stake investment in the terminal to spur the creation
in the Cape Town fuel terminal, owned by BP of new jobs and economic opportunities. “In our
Southern Africa (bpSA), a subsidiary of BP quest to transform the sector, SFF will also allow
(UK). the previously disadvantaged South Africans
In a statement widely cited by South African who want to participate in the petrochemical
media on August 15, CEF said that South Afri- business access to use the infrastructure,” he
ca’s Competition Tribunal had given uncondi- commented.
tional approval to SFF’s request for permission Dr. Ishmael Poolo, the CEO of CEF Group,
to purchase the stake. It did not comment on the spoke similarly, saying that the acquisition was
value of the deal, but it commented that the new in line with the fund’s mandate. CEF has been
asset was expected to generate additional reve- charged with securing South Africa’s energy
nue for the fund, as demand for fuel is growing supply while also facilitating access to critical
in the Cape Town area. infrastructure and making fuel accessible at
Godfrey Moagi, the CEO of SFF, said the affordable prices, he noted.
Cape Town terminal would serve as a new reve- The Cape Town facility is capable of import-
nue stream and as a safeguard against domestic ing around 1.6bn litres per year of petroleum
petroleum product shortages. “Through this products, equivalent to around 30% of available
asset, SFF will also be able to import finished terminal infrastructure capacity in the area. Its
products to mitigate risks associated with prod- storage tanks can hold around 86mn litres and
uct shortage as a result of local refining capacity are typically used to store gasoline, jet fuel, diesel
being closed,” he said. He was referring to the and kerosene. ™

Fuel demand is growing in the Cape Town area (Photo: BP Southern Africa)

Week 33 18•August•2022 www. NEWSBASE .com P11