Page 15 - AfrOil Week 06 2021

AfrOil NEWS IN BRIEF AfrOil

GAS & LNG in Senegal, 643 MW in Côte d’Ivoire, 450 MW in He added that the licence was a demonstra-
Nigeria, 200 MW in Ghana, 150 MW in Benin tion of government’s resolve to harness safe and
ACTING launches African and 65 MW in Togo. reliable technology for the development of the
“The inaugural report of ACTING lays the oil and gas industry. Auwalu said that the DPR
gas report, sees rapid foundation for the kind of work and research would continue to create opportunities for
companies by providing the regulatory tools of
the Coalition wishes the grow with its institu-
growth in gas-to-power tional and industry partners,” declared Mickael licences, permits and approvals for investors.
Vogel, Director at Hawilti and coordinator of
The Managing Director of UTM Offshore,
The African Coalition for Trade & Investment in ACTING. “Information and data on gas mar- Julius Rone, while receiving the licence prom-
Natural Gas (ACTING) is pleased to announce kets in sub-Saharan Africa is extremely scarce, ised to abide with the terms of issuance within
the release and publication of its inaugural “State which negatively affects the ability of investors the 24 months validity period of the LTE from
of Play: African Gas” report, providing the most and developers to make proper deals and sound the date of issue.
comprehensive resource on Sub-Saharan Africa’s decisions. Now is the time for all stakeholders to DPR, February 08 2021
natural gas markets. come together and build the kind of trust and
As several African nations seek to increase confidence the market needs to benefit the con- Savannah Energy strikes
the consumption and monetisation of natural tinent at large.”
gas across their economies, the ACTING report African Energy Chamber, February 09 2021 new gas sales agreement
highlights that the continent remains one the
lowest consumer of gas globally. Low gas pene- DPR licenses first floating with Mulak Energy
tration rates in sub-Saharan Africa contrast with
the vast amount of natural gas reserves found LNG production plant Savannah Energy, the African-focused British
onshore and offshore from Senegal to Mozam- independent energy company sustainably devel-
bique and whose development could liftmns out The Department of Petroleum Resources (DPR) oping high quality, high potential energy pro-
of poverty and provide the resource the conti- has issued A Licence to Establish (LTE) the first jects in Nigeria and Niger, has announced that
nent needs to industrialise. floating Liquefied Natural Gas (LNG) produc- its Accugas subsidiary has entered into a new gas
By gathering several datasets in a single tion plant to UTM Offshore Ltd., an indigenous sales agreement (GSA) with Mulak Energy.
resource, ACTING’s “State of Play: African Gas” oil and gas company. The GSA is initially for a seven-year term. It
report combines the most up-to-date and accu- A statement issued on Monday in Lagos by envisages the supply of gas produced by Savan-
rate information on sub-Saharan African gas Paul Osu, Head of Public Affairs at DPR, said nah’s majority-owned Uquo field for an initial
markets. It notably reveals that the growth of the licence was presented to the company at the two-year period on an interruptible basis and the
Africa’s natural gas consumption and production DPR headquarters in Abuja on Monday. Sarki subsequent five years on a firm contract basis.
is set to be one of the world’s fastest until 2040 on Auwalu, Director of DPR, who presented the During the Interruptible Gas Delivery Period,
the back of new LNG projects and strong pol- licence, said the company would be processing Mulak is able to nominate a maximum daily
icy support for natural gas consumption across 176mn cubic feet (4.984mn cubic metres) per quantity of up to 2.5mn cubic feet (70,800 cubic
industries, transport and power. It showcases day of natural gas and condensate. metres) per day. Volumes in the Firm Delivery
true success stories in domestic gas monetisation Auwalu said the milestone was a reinforce- Period will be agreed by the parties before the
in Côte d’Ivoire , Cameroon and Tanzania, and ment of the promise and commitment of Pres- end of the Interruptible Gas Delivery Period.
reveals the true diversity of African gas experi- ident Muhammadu Buhari to Nigerians to The GSA is priced to reflect Mulak’s status as an
ences with associated and non-associated gas, promote indigenous participation in the oil and industrial customerAccugas, therefore, expects
LNG, LPG, methane, coal-bed methane, helium gas sector. According to him, it is to ensure that to see its weighted average gas sales price realisa-
and hydrogen. companies come to Nigeria and do business in tion increase as a result of this contract, without
“An in-depth look at the natural gas dynamics an equitable way to stimulate the economy and the need for any incremental capital expenditure
across the sub-continent shows the diversity of create jobs for Nigerians. beyond our previously announced plans.
each country’s experience with natural gas and
the tremendous potential there is for regionalisa-
tion and cross-border gas cooperation. Natural
gas has the potential to be a true enabler of eco-
nomic recovery post COVID-19 and to support
Africa’s energy transition, and this platform will
unlock new investment and ultimately create
jobs,” stated NJ Ayuk, Executive Chairman at
the African Energy Chamber.
Chief amongst the report’s finding is the
upcoming growth in gas-to-power generation
capacity across sub-Saharan Africa. ACTING
expects a 55% growth in grid-connected gas-
to-power generation by 2025 on the back of
greenfield and brownfield projects and the con-
versation of coal and diesel power plants to gas
in Senegal and South Africa. West Africa is the
region expected to see the biggest gas-to-power
capacity addition by 2025, with at least 750 MW

Week 06 10•February•2021 www. NEWSBASE .com P15