East Africa

Opinion: Why the discovery of oil and gas will not change East Africa’s fortunes

Posted on by Mozambique Resources Post

Will Tanzanians, Kenyans and Ugandans realise their fantasies of oil and gas-fuelled prosperity? This, the last part of a series on oil and gas explores the development implications of these resources for East African countries.

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Africa Renewables: East African Community plans to phase out import duties on solar panels

Posted on by Mozambique Resources Post

The East African Community (EAC) member states are planning to phase out all import duties on solar panels in order to reduce dependence on fossil fuels, Chinese Xinhua news reports.

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Global Markets: Asia’s soaring gas demand, a new opportunity window for Mozambique LNG

Posted on by Mozambique Resources Post

  Soaring gas demand from China, India and Southeast Asia is sucking up an LNG supply glut previously expected to last for years, opening opportunity for new production from East Africa to North America that had been deemed part of the overhang, as reported by Reuters news agency.

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Africa Energy: SADC, East Africa power project makes good progress

Posted on by Mozambique Resources Post

The Southern African Development Community (SADC) has moved as one cohesive unit since formation on April 1, 1980, scoring several successes, but the Zambia-Tanzania-Kenya power project is one of its kind.

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Africa Oil & Gas: Will current oversupplied market leave room for future East Africa LNG?

Posted on by Mozambique Resources Post

The following article by Henrik Poulsen, SVP Government Relations, and Bimbola Kolawole, Business Development Manager Africa, Rystad Energy, was originally published by Rystad Energy on October 19, 2017.  This article discusses in further detail the East African potential to become a significant international LNG supplier, the outlooks of the Asian LNG markets and finally share some aspects on the future fate of natural gas as a primary energy source.

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Mozambique Oil & Gas: Rush to service natural gas projects leads to sovereign default

Posted on by Mozambique Resources Post

Mozambique Asset Management, the state-backed company from Mozambique will default on a $535 million loan to build new shipyards to service the country’s budding offshore natural gas industry.

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Mozambique Oil & Gas: The Plans of China towards Rovuma basin natural gas

Posted on by Mozambique Resources Post

Mozambique has one of the world’s largest recently discovered natural gas reserves and is starting to receive the first investments at a time when the difficult economic situation in the raw materials market is leading to postponement of some projects, in addition to some political instability in the country.  China dream is to turn Mozambique into a centre for natural gas exploration, according to Portuguese researcher Gustavo Placido dos Santos, who notes the East African…

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Africa Oil & Gas: East Africa Neighbors Close To Picking Consultant For Oil Export Pipeline

Posted on by Mozambique Resources Post

Kenya, Uganda and Rwanda are in the final stages of deciding on a consultant to oversee building a pipeline to pump the region’s new oil bonanza to the coast for export, a senior Kenyan energy ministry officials said on Thursday. In June, the three countries invited bids for a consultant to oversee a feasibility study and initial design for the construction of a 1,300-km (808-mile) oil pipeline to transport crude to the Kenyan coast.

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Kenya Oil & Gas: Africa Oilfield Logistics announces proposed dual listing in Kenya

Posted on by Mozambique Resources Post

AIM-listed Africa Oilfield Logistics, the African focussed support services and logistics company, has announced its intention to dual list on the Growth Enterprise Market Segment (‘GEMS’) of the Nairobi Securities Exchange(the ‘Kenyan Listing’), by way of an introduction and private placing of up to 10% of the Company’s enlarged share capital, such private placing being offered solely in Kenya. 

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Africa Natural Resources: Mozambique and Tanzania will lead Africa oil “boom”

Posted on by Mozambique Resources Post

A study conducted by the South African company PriceWaterhouseCoopers (PWC) reveals that the industry of oil and gas in Africa will reach its boom in the coming years, with Mozambique and Tanzania to be the main producers as the governments of the two countries attract more investment in the hydrocarbons sector.

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