Page 15 - AfrOil Week 34

AfrOil POLICY AfrOil

MozambiqueLNG will use gas from the offshore Area 1 as feedstock (Image: Anadarko Petroleum)
Militants with suspected links to Islamic State The government is understood to be plan-
have been battling government forces in north- ning an assault to retake the port.
ern Mozambique, where several major LNG Mozambique LNG is due on stream in 2024
export projects are under development. Attacks and will produce 13.1mn tonnes per year (tpy)
have become more frequent over the past year. of super-cooled gas at its peak. The Golfinho and
To date, more than 1,000 people have Atum gas fields in the Offshore Area 1 conces-
been killed by the insurgents. In July, gunmen sion serve as its resource base.
ambushed and killed eight employees of a pri- Equity in the Mozambique LNG consor-
vate construction firm working on Mozambique tium is split between Total with 26.5%, Japan’s
LNG. And earlier this month, militants seized Mitsui and JOGMEC with 20%, India’s Bharat
a heavily defended port in Mocimboa da Praia Petroleum with 15%, India’s ONGC Videsh
after five days of intense fighting. Total and its Ltd (OVL) and Oil India with a further 10%,
partners have been using Mocimboa da Praia as Mozambique’s national oil company ENH with
a hub for logistics. 10% and Thailand’s PTTEP with 8.5%. ™

PROJECTS & COMPANIES
World Bank blocks Liberian power

provider’s bid to lease fuel tanks

LIBERIA THE World Bank has reportedly blocked the would allow Liberia to import more fuel and
Liberian government from proceeding with a avoid shortages, saying: “This will improve ser-
plan to lease spare capacity in petroleum prod- vice delivery and help to minimise the security
uct storage facilities built for Liberia Electricity issues in the country.”
Corp. (LEC).
Earlier this year, officials in Monrovia began
touting a proposal to sign a 20-year lease with
Aminata Petroleum, a local fuel supplier, for
LEC’s storage depot at Bushrod Island.
The tanks located there have a combined
capacity of 5.28mn gallons (24mn litres),
enough to sustain the operation of a 38-MW
thermal power plant (TPP) for a period of 90
days. LEC usually uses them to store extra RFO
for power generation.
Several months ago, though, Nathaniel
McGill, Minister of State for Presidential Affairs,
outlined this plan in a letter to LEC chairman
Gesler Murray. McGill asserted that the plan LEC’s fuel storage facility is on Bushrod Island (Photo: Liberian Observer)

Week 34 26•August•2020 www. NEWSBASE .com P15