Renewables: Kenya Targets 2020 for 100% RE

Renewables: Kenya Targets 2020 for 100% RE

Kenya aims to meet 100% of its energy needs through renewable sources of energy by 2020, according to the country’s president, Uhuru Kenyatta. Currently renewable energy accounts for 70% of the East African country’s energy mix. To reach this level, massive investment in the sector was required, leading, among other things, to a tripling of the national electrification rate to 60%. “Our goal is to achieve 100% satisfaction with our renewable energy needs by 2020….

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Global Markets: The Key Oil Price Driver By 2020

Global Markets: The Key Oil Price Driver By 2020

Diesel, marine gasoil, and jet fuel—collectively known as middle distillates—account for more than a third of global oil consumption. Used in road transportation, shipping, aviation, and manufacturing, middle distillates are more closely linked to economic growth than any other section of the oil products market.

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Mozambique Oil & Gas: Over US$9.1 billion will be spent on country’s upstream Capex by 2020

An average Capex of US$3.0 billion per year would be spent on eight oil and gas fields in Mozambique between 2018 and 2020. Capital expenditure into Mozambique’s oil and gas projects, will add up to US$9.1 billion over the three-year period in upstream capital expenditure by 2020, according to GlobalData, a leading data and analytics company.

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Global Oil & Gas: “Oil Price To Rise Only Gradually To $80 By 2020” – IEA

Oil is unlikely to return to $80 a barrel before the end of 2020 despite unprecedented declines in investment, as yearly demand growth struggles to top 1 million barrels per day (bpd), the International Energy Agency said on Tuesday.

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Africa Oil & Gas: Tanzania to finalise land acquisition for LNG project

Tanzania plans to spend 12 billion shillings ($6 million) in the next fiscal year to buy land for the planned construction of a liquefied natural gas (LNG) terminal, raising hopes it is speeding up progress of the long-delayed project. The two-train onshore LNG export terminal, which the government says could cost up to $30 billion, has run into delays mainly due to complex land acquisition procedures and an uncertain legal and regulatory framework.

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