Page 8 - AfrOil Week 26 2021
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AfrOil INVESTMENT AfrOil
GASCO signed an agreement last year with a feet (17mn cubic metres) per day of natural gas.
consortium formed by Enppi and Petrojet to The expansion will bring up the complex’s
work as a general contractor for the Western total production capacity to 1,500 mmcf (42.5
Desert Gas Complex expansion project. This mcm) per day. The facility separates gas sourced
scheme includes the establishment of a fourth from the Western Desert fields into composite
production line with a capacity of 600mn cubic derivatives.
Brazzaville to unveil Gas Master Plan
at AEW 2021 conference in November
REPUBLIC OF CONGO THE Republic of Congo’s (Brazzaville) Minis- and OPEC has estimated its proven reserves at
try of Hydrocarbons is set to unveil its new Gas around 284bn cubic feet (8.042bn cubic metres).
Master Plan (GMP) in November, during the Brazzaville is looking to monetise the gas by
Africa Energy Week (AEW) 2021 conference. using it to generate electricity for both domes-
According to the African Energy Chamber tic and regional consumers. Doing so will con-
(AEC), the sponsor of the conference, the min- tribute to “resource maximisation, economic
istry sees the GMP as “a framework that aims to growth and diversification, social benefits, gov-
incentivise the development of and investment ernment revenue and attracting investment,”
in the Congo’s natural gas sector for the ben- AEC commented.
efit of the country as a whole.” It worked with It further noted that the Ministry of Hydro-
the Wood Mackenzie consulting and research carbons had decided to present the GMP to the
group to draw up the plan under the supervi- public at the AEW 2021 conference in the hope
sion of Société Nationale des Pétroles du Congo of attracting interest from regional and interna-
(SNPC), the national oil company (NOC) of the tional investors.
Republic of Congo. The conference “provides the most ideal plat-
The GMP is designed to serve as a medium form to present such a revolutionary plan, unit-
to long-term strategy for the development of ing key stakeholders with optimal investment
the Republic of Congo’s gas reserves. It aims markets,” it said.
to “facilitate the exploitation and development N J Ayuk, AEC’s executive chairman, hailed
of the country’s natural gas resources, support Brazzaville’s decision, saying: “By launching the
economic diversification and growth and con- GMP at AEW 2021, an Africa-focused event
tribute towards long-term energy security,” the that prioritises the role of natural gas in Africa’s
statement said. energy future, the [Republic of] Congo will be
The country is not yet a major producer of able to drive investment and establish the coun-
gas. However, it does possess gas resources, try as a competitive market.”
The Republic of Congo is looking to monetise its gas reserves (File Photo)
P8 www. NEWSBASE .com Week 26 30•June•2021
