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Mombasa Gas Terminal to use World Bank

loan funds for LPG terminal construction

KENYA INTERNATIONAL Finance Corp. (IFC), an project was in line with the Kenyan govern-
arm of the World Bank, has reportedly agreed ment’s Big Four agenda, which aims to promote
to lend a Kenyan fuel company about $23mn for domestic manufacturing, improve healthcare,
the construction of the first phase of a new LPG enhance food security and support affordable
terminal housing initiatives through reticulated gas sup-
Mombasa Gas Terminal (MGT) made an ply networks. Additionally, he said, the terminal
announcement to this effect last week, reporting will support Nairobi’s efforts to make access uni-
that it had secured the credit deal with the IFC versal to modern cooking fuels that are safer and
after obtaining regulatory approval for the pro- less polluting than wood and charcoal by 2030.
ject from Kenya’s national government and also Currently, MGT noted, more than 93% of
from district authorities. “We confirm that we Kenya’s rural households rely on charcoal and
have received a facility from the World Bank for wood for cooking. Switching to LPG will help
the KES2.5bn ($23mn) Phase One of our bulk curb deforestation, it said, adding that Kenya’s
LPG import and storage terminal,” said Julius government aimed to bring the share of forested
Riungu, the managing director of MGT. land to 10% of the country’s territory, up from
“This project will underpin Kenya’s ambi- the current level of 7%. ™
tious goal for sustainable economic develop-
ment,” Riungu commented. “We are aiming to
complete construction of Phase One and begin
operations within six months.”
The first phase of the terminal will be able to
store 22,000 tonnes of LPG, he added. With this
amount of storage capacity, the facility will be
able to handle a total of 400,000 tonnes per year
(tpy) of LPG, he said.
The terminal will offer direct berthing ser-
vices for many sizes of LPG carriers, including
large vessels, he noted. It will be able to transfer
LPG from ships to tanker trucks and rail tankers
for onshore transport to local sellers, who will in
turn be able to deliver the fuel to residential and
business users, he said.
Riungu went on to say that the terminal Port of Mombasa (Image: Japan Port Consultants )

INVESTMENT
DPR says about 80 companies won

Marginal Oilfield Bid Round

NIGERIA SARKI Auwalu, the director of Nigeria’s Depart- companies, of which 540 had already pre-qual-
ment of Petroleum Resources (DPR), said last ified to participate in the tender. Eventually, he
week that about 80 companies had been named said, 405 of these companies submitted bids for
as the winners of the country’s second bidding 482 marginal fields, and DPR then shortlisted
round for marginal fields. 161 candidates.
Speaking during the presentation of letters “In the end, 161 companies were shortlisted
to the top bidders, Auwalu noted that the Mar- as potential awardees, out of which 50% have
ginal Oilfield Bid Round had initially attracted met all conditions and [are] therefore eligible for
591 expressions of interest (EoIs) from Nigerian awards today,” he said, according to DPR.

P6 www. NEWSBASE .com Week 23 09•June•2021