Soon, I Will Need You No More

The countdown to Ghana weaning itself off Nigeria’s gas supply is underway with the recent agreement it signed with Equatorial Guinea to supply LNG to Ghana for a period of 15 years, with the deal reviewable every five years to meet the country’s ever growing demand on power. Ghana will receive gas supply of about 150 million standard cubic feet of natural gas per day to Ghana, 30 million cubic feet less than what Nigeria was originally to supply the country. Read more here: https://citifmonline.com/2017/09/04/ghanas-journey-weaning-itself-off-nigerias-gas-supply-report/

Stranded By This Weakling

The Egbin Power Station that has the capacity to generate 1,320 megawatt has been able to do about 600MW, despite having enough gas supply, while over 700 megawatts were stranded due to the feeble transmission infrastructure wheeling generated power to the national grid. Read more here: Read more here: https://www.thisdaylive.com/index.php/2017/09/04/weak-transmission-stalls-generation-of-700mw-at-egbin/

The Gas Scavengers

A gas exploration deal worth $400 million that has been envisaged to extract up to 4 million cubic metres of gas daily off the southern coast of South Africa has been signed by PetroSA with Russia’s Rosgeo. Read more here: http://www.nasdaq.com/article/russias-rosgeo-in-400-mln-deal-to-drill-for-south-african-gas-20170904-00215 and here: https://www.businesslive.co.za/bd/companies/energy/2017-09-04-petrosa-teams-up-with-russian-exploration-company/

Everything Is Triple-Triple! Everything Is Triple-Triple!!

Solo Oil has scored a major one in its flagship gas project in Tanzania, as its partner Aminex Plc almost triples its estimate of gas resources at the Ntorya-2 appraisal well from the prior estimates of 466 billion cubic feet to 1.3 trillion cubic feet of gas. Read here: http://www.proactiveinvestors.co.uk/companies/news/183365/solo-oil-boosted-by-major-aminex-upgrade-to-ntorya-gas-estimate-183365.html

Bouncing Back On A Roll

After years of being a major player of the supply of energy in the global market, Egypt’s production fell sharply, plagued by the increasing demand at home that forced the country to become a net importer. The Arab country is set to bounce back as the government is signing more contracts with international companies to explore for oil and gas in the oil-rich Western Desert. Read more here: https://dailynewsegypt.com/2017/09/04/egypts-oil-gas-sector-roll-years-turmoil-report/ and here: http://stepfeed.com/here-s-how-egypt-aims-to-be-a-major-global-oil-and-gas-supplier-4017