Page 10 - AfrOil Week 35 2022

AfrOil PERFORMANCE AfrOil

Gas has been found at the Calub and Hilala blocks in the Ogaden basin (Image: mom.gov.et)

Uma did not say how or when the government currently engaged in armed conflict with the
intended to offer international oil companies Tigray People’s Liberation Front (TPLF) in the
(IOCs) access to the gas reserves certified by northern part of the country.
NSAI. Furthermore, anti-government sentiment
It may not be easy to attract investors in the is rife in Oromo, which lies directly west of the
short term, given that Ethiopia’s government is Somali region. ™

POLICY
France gets closer to securing gas deal

with Algeria following Macron’s visit

ALGERIA THE French gas firm Engie is currently in talks
with Algeria’s national oil company (NOC)
Sonatrach to potentially increase natural gas
imports to France and is close to securing a
deal shortly as part of ongoing French efforts
to diversify energy supplies, according to a
statement from the French energy ministry on
August 29.
News reports pointed out that the expected
increase in Algeria’s gas exports to France will
be nearly 50%.
The talks have come soon after President
Emmanuel Macron’s visit to Algiers, where he
emphasised the importance of strengthening
relations between the two countries in various
fields, especially energy. Energy issues were a top
priority for discussion, as the Russia-Ukraine Macro (L) and Tebboune (R) met in Algiers on August 28 (Photo: Elysee.fr)
war has reinforced Algeria’s role as a key supplier
of gas to Europe, which is anticipating a hard needs, with Algeria covering just over 8% of the
winter this year due to the lack of alternatives to figure.
Russian energy. The North African country is Europe’s big-
Gas makes up nearly 20% of France’s energy gest gas supplier after Russia and Norway.

P10 www. NEWSBASE .com Week 35 01•September•2022