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Long’ole also stressed that Nairobi is commit- other negotiations emerge,” he said.
ted to offering fair compensation to everyone According to previous reports, LLCOP is
who will be affected or displaced by the LLCOP slated to follow an 892-km route from Blocks
project. 10BB and 13T, two oil-bearing licence areas
“The survey team will identify the pro- in Kenya’s South Lokichar basin, to the Indian
ject-affected persons and the improvement on Ocean port of Lamu. The cost of building the
the land. Compensation will be directly paid conduit – which will have an initial throughput
to affected communities, while for the unreg- capacity of 60,000-80,000 barrels per day (bpd),
istered land, the benefits will go directly to the rising later to 100,000 bpd or more – is expected
county government, according to the law, unless to reach $1.5bn.
INVESTMENT
Ending gas financing would impose “fatal
cost” on Africa, Senegal’s president says
SENEGAL THE plans announced by some nations at the BP (UK) sanctioned the first phase of devel-
COP26 climate conference to end financing for opment at GTA in late 2018. Production was
natural gas exploration will impose a “fatal cost” originally due to start in 2020, but the launch
on emerging African economies, Senegal Pres- was pushed back to 2023 because of the corona-
ident Macky Sall told the China-Africa Summit virus pandemic.
(FOCAC 2021) in Dakar on November 29. Sall urged attendees of FOCAC 2021 to work
“At a time when several African countries together to maintain financing for gas as a tran-
are preparing to exploit their significant gas sitional energy. Blocking funding would add to
resources, the end of funding for the gas sec- the “climate injustice” that Africa is already suf-
tor, under the pretext that gas is a fossil energy, fering, Reuters quoted him as saying.
would bear a fatal cost to our emerging econo- The summit took place on the heels of a visit
mies,” Sall was quoted as saying by Reuters. in November by US Secretary of State Antony
Senegal possesses significant hydrocarbon Blinken, who visited Kenya, Nigeria and Senegal
reserves and is expected to become a major gas in what is widely seen as a bid to counter China’s
producer in the region. Rising gas supplies could steadily growing influence in Africa.
boost domestic electricity supplies and may also
spur double-digit economic growth after off-
shore sites begin production in 2023, according
to the news agency.
These reserves include the massive Grande
Tortue/Ahmeyim (GTA) gas field, located in
offshore waters between Senegal and Maurita-
nia. It holds an estimated 15 trillion cubic feet
(425bn cubic metres) of natural gas and will turn
both Senegal and Mauritania into LNG export-
ers, according to Natural Gas World. Sall on November 29 (Photo: Twitter/@Macky_Sall)
Nigeria’s Seplat Energy in talks to buy
shallow-water assets from ExxonMobil
NIGERIA NIGERIA-BASED oil-and-gas company Seplat “Deliberations are ongoing and accordingly,
Energy has confirmed that it is in “competitive there can be no certainty as to the outcome,”
discussions’’ with a partner to acquire local shal- Seplat Energy’s CFO Emeka Onwuka said in a
low-water assets from ExxonMobil (US). statement issued on November 29.
P8 www. NEWSBASE .com Week 48 01•December•2021
