Page 16 - AfrOil Week 06 2021

AfrOil NEWS IN BRIEF AfrOil

Sales under the GSA benefit from a bank guar-
antee arrangement from an investment grade
credit rated international bank.
Mulak is a member of the Mansour Group,
the leading Egyptian multinational conglomer-
ate with operations in more than 100 countries
and annual revenues exceeding $7.5bn. The
agreement for the supply of gas to Mulak’s CNG
Nigerian project represents Savannah’s first Gas-
to-CNG sales agreement. Mulak initially plans to
distribute CNG to its industrial customers in Riv-
ers State with the CNG to be substituted for die-
sel in generators supplied by the Mantrac Group,
also a member of the Mansour Group and one of
the world’s largest dealers in Caterpillar machin-
ery, power systems and equipment. Mulak is in
a unique position to exploit the synergies with
Mantrac’s business in Nigeria through the con-
version of Mantrac’s existing customer base of Group, Mulak Energy strongly believes in Nige- on all the benefits that a broader adoption of nat-
approximately 400 MW of diesel-fuelled genera- ria’s potential and future. Moreover, we are cer- ural gas can bring to Africans, especially when it
tors to CNG-fuelled generators. This is expected tain that gas will play a central role in fuelling comes to securing access to affordable, reliable,
to provide Mantrac customers with up to a 40% Nigeria’s growth and prosperity for the foresee- sustainable and modern energy for all, creating
saving in energy costs and a 30% reduction in able future and are proud to be participants in jobs and supporting industrialisation.
their carbon footprint. Sales under the GSA are this important development. We foresee poten- The work of the Coalition will particularly
expected to commence in 2022 and, following tial that this agreement with Accugas-Savannah focus on the collection of key market data and
the initial two-year period, Mulak has indicated will serve as a platform for increased coopera- the distribution of high-quality information on
that it is seeking to expand its CNG sales on a tion between our two companies as we work to opportunities, companies and projects shaping
pan-Nigeria basis to Mantrac customers. achieve our shared vision of bringing ever larger up the future of African gas.
Accugas continues to make good progress volumes of gas to the Nigerian market creating -By offering the most comprehensive plat-
in relation to agreeing further potential new gas value for our shareholders and ultimately the form on African energy, Hawilti will be dedicat-
sales agreements with new customers, further industries and people of Nigeria. We thank the ing a substantial part of its investment research
updates of which will be provided as appropriate teams at Accugas-Savannah for their efforts and activities to natural gas in West, Central, East
in due course. cooperation over the past months to get this and Southern Africa. The Coalition will notably
Andrew Knott, CEO of Savannah Energy, agreement finalised and look forward to work- publish every year a State of Play report provid-
said: “We are delighted to announce this new ing with them over the coming years.” ing key market data on African gas, and all of its
gas sales agreement with Mulak Energy and the Savannah Energy, February 05 2021 research will be directly available on the Hawilti
Mansour Group. This recognises Accugas’ sta- platform.
tus as the most reliable supplier of natural gas Hawilti partners with “There is no doubt that 2020 has been a turn-
in Nigeria. Our first Gas-to-CNG agreement is ing point for African gas. We are on the break of
hugely exciting as it represents Savannah’s entry African Energy Chamber a true gas revolution across the continent as Afri-
into the compressed natural gas market, which can nations seek to diversify their economies,
we see as offering strong growth potential for our launches new gas coalition decarbonise their energy mix and fully benefit
business over the course of the next decade. The from the roll out of the African Continental
CNG market significantly extends the reach of The African Energy Chamber is delighted to Free Trade Area (AfCTFA). We are seeing tre-
our existing 260-km pipeline network into light announce the launch of the African Coalition mendous interest from regulators, investors and
industrial and even domestic power generation for Trade & Investment in Natural Gas (ACT- consumers to adopt gas on a much broader scale
without the need for further investment in pipe- ING), a non-profit initiative jointly managed and produce cleaner energy, support industrial-
lines. For example, the Mansour Group subsidi- with Hawilti Ltd. isation and create jobs. ACTING will act as the
ary, Mantrac, currently has an installed customer ACTING will act as the central platform vehicle accompanying all industry stakeholders
base of approximately 400 MW of diesel-fueled advocating for natural gas across Africa and on this journey,” declared NJ Ayuk, Executive
power generation, which has grown every year will leverage on the core strengths of both the Chairman at the African Energy Chamber.
for the last decade. I would like to thank the Chamber and Hawilti to promote natural gas as “At Hawilti, we continue to believe that the
Mansour Group for choosing to partner with a transition fuel, attract capital in the African gas lack of accurate and high-quality market data
Accugas and we look forward to providing them, value-chain and engage stakeholders and socie- on African gas markets is a major impediment
and their customers, with a reliable, lower cost ties on the benefits of natural gas consumption. to investments and to the continent realising
source of energy for power generation with an By leveraging on the Chamber’s pan-African its full economic potential. With the launch of
estimated 30% reduction in the carbon footprint and global network, ACTING will gather leading ACTING, we have made it a priority to gather,
of their existing diesel generators.” experts, executives and policy makers around develop and distribute the most updated data
Omar Hassan, CEO of Mulak Energy, added: key issues pertaining to natural gas in Africa, on natural gas and develop true ESG reporting
“Mulak Energy is extremely pleased to have from upstream exploration and production, practices on African energy markets to inform
entered into this gas sales agreement with Accu- midstream infrastructure, downstream monet- policy and promote sound investment,” stated
gas-Savannah Energy. As part of the Mansour isation and gas-to-power. The Coalition focuses Mickael Vogel, Director at Hawilti.

P16 www. NEWSBASE .com Week 06 10•February•2021