Libyan crude will soon be making the long journey to a refinery in New Zealand in a rare export route for the North African country’s oil, which usually finds homes in Europe and sometimes Asia, trading sources said Thursday. The Suez Fuzeyya was placed on subjects on a Zueitina/Ras Lanuf to Whangarei voyage to carry…
The National Bureau of Statistics (NBS) has disclosed that the average price paid by consumers for automotive gas oil (diesel) increased from N211.64 in September to N216.75 in October. The NBS disclosed this in its ‘Automotive Gas Oil (Diesel) Price Watch for October 2018’ report released in Abuja. The report showed that the price of…
The Nigerian Liquefied Natural Gas Limited has expressed its commitment towards eliminating gas flaring in the country. Managing Director/Chief Executive Officer of NLNG, Tony Attah, said the firm was at the forefront of deliberate efforts towards eliminating gas flaring in Nigeria. Attah explained that the company had created a system that would re-utilise gases that…
Marketers of liquefied petroleum gas (LPG) commonly known as cooking gas, have raised further concern on the Valued Added Taxes levied on gas produced in the country, calling for the federal government to remove such charges to enable the industry grow. The marketers who made the call in Ibadan at a one day seminar organised…
African cities are forecast to urbanise at a rate of 3.65% annually, adding nearly 350 million new city dwellers by 2030, according to the Brookings Institution. A billion more people are expected to be living in African cities by 2060, even as the continent’s rapid urbanisation and its infrastructure challenges are said to be making…
In a bid to diversify its energy sources and optimise other assets for power production, Nigeria is targeting 30 per cent of its energy needs from renewables by 2030. Mr Babatunde Fashola, the Minister of Works, Power and Housing, made the assertion in a keynote address at the 2018 pre-conference workshop of the Nigerian Association…
Construction of supporting infrastructure for the proposed 2100-megawatt Stiegler’s Gorge hydroelectric project on the Rufiji river is about to be completed. Completion of the basic infrastructure would signify the beginning in earnest of constructing the reservoir dam and main project just as soon. This was revealed to Energy minister Medard Kalemani in Dodoma by the…
Egypt is set to build the world’s largest clean-coal plant. A Chinese conglomerate beat the US General Electric and a Japanese firm for a $4.4bn project at Hamrawein that will generate close to seven gigawatts of power or 40 per cent more than South Africa’s new station at Medupi, and dwarfing output from the turbines…
The state-owned National Fuel Society (Sonangol) is undergoing a restructuring process which will reduce the company’s structure through the sale of some of its assets and branches, with a view to making it become more robust and efficient. Last Thursday, Sonangol launched in Luanda its “Regeneration Programme”, which will cost the company 40 million euros…
The Energy Regulatory Commission (ERC) seeks to establish a fund to cushion operators of mini-grids from high costs as part of regulations to encourage investors to generate, transmit and sell electricity in remote areas at affordable retail prices. According to the Daily Nation, ERC director general Pavel Oimeke said the establishment of a fund would…