Latest news with #energydiversification
Zawya
03-07-2025
- Business
- Zawya
Perenco's $2 Billion Cap Lopez Liquefied Natural Gas (LNG) Project Signals Gas-Led Growth in Central Africa
Positioning natural gas at the center of its growth strategy, independent oil and gas company Perenco is driving one of Central Africa's most ambitious energy developments through the Cap Lopez LNG terminal in Gabon – a flagship project set to come online in 2026. Situated at the existing Cap Lopez oil terminal, the $2 billion initiative will introduce a floating LNG (FLNG) vessel designed to monetize the country's offshore gas reserves and reduce gas flaring. Following completion, the project is expected to serve as a catalyst for energy diversification and broader economic growth in the country. Marking Gabon's first large-scale gas development following a final investment decision in 2024, the project signals a major step forward for regional energy security and industrialization. Currently under construction in Dubai, the FLNG unit will boast a production capacity of 700,000 tons of LNG and 25,000 tons of LPG annually, supported by storage infrastructure capable of holding 137,000 cubic meters. In support of this venture, engineering and construction company Technomak recently signed an agreement with Dixstone – a Perenco affiliate – for the integration of the offshore FLNG barge. Perenco is a Gold Partner at this year's African Energy Week (AEW): Invest in African Energies in Cape Town. AEW: Invest in African Energies is the platform of choice for project operators, financiers, technology providers and government, and has emerged as the official place to sign deals in African energy. Visit for more information about this exciting event. The project forms part of a broader energy strategy being implemented by Perenco in Africa. In the Republic of Congo, the company continues to expand its upstream footprint with the commissioning of the Kombi 2 platform on the Kombi-Likalala-Libondo II permit. Currently under construction by Dixstone at the Nieuwdorp shipyard in the Netherlands, the platform is scheduled to depart in October and enter into operation offshore Pointe-Noire by early next year. With an estimated investment exceeding $200 million – and forming part of broader developments nearing $900 million – the project includes new drilling phases, infrastructure upgrades and the optimization of existing wells. The Kombi 2 platform will feature an integrated wellbay module to accommodate new wells, aiming to unlock an additional 10 million barrels of oil equivalent, with targeted output gains of 4 million cubic feet per day. Power generation for the platform will be supported by dual gas turbined linked to a 33-kV electrical hub, reinforcing Perenco's commitment to operational efficiency and sustainable resource development in Congo. On the exploration front, Perenco continues to cement its role as a premier independent in Africa's energy landscape through a robust portfolio of upstream and gas infrastructure developments across the continent. In early 2024 an appraisal well in Gabon spudded near the Hylia South West discovery revealed substantial oil-bearing columns in the Ntchengue Ocean reservoir and reinforcing the potential of the lower Madiela carbonate formation. In Cameroon, the company launched its inaugural gas-to-industry project in July 2024, supplying 3.5-6.5 million cubic feet per day of natural gas from the Sanaga South field to the Keda tile factory via a 6-km pipeline – a milestone following its 9.9% equity acquisition in offshore operatory Golar LNG a month earlier. These initiatives underscore Perenco's integrated energy strategy, with the company's participation as a Gold Partner at AEW: Invest in African Energies 2025 set to showcase their strategic role in shaping Africa's energy future through large-scale gas monetization, infrastructure expansion and frontier exploration. Taking place in Cape Town from September 29 to October 3, 2025, the event promises to shine a light on these transformative projects and drive high-level dialogue on investment, innovation and sustainable development in Africa's oil and gas sector. Distributed by APO Group on behalf of African Energy Chamber.
News24
24-06-2025
- Business
- News24
Mauritius invites global investors to build 100MW floating power plant
Jeff Overs/BBC News & Current Affairs via Getty Images Mauritius seeks international investors to establish a floating power plant. 100 megawatts of additional electricity needed by January 2025. Energy diversification initiative aims to reduce reliance on imported fossil fuels, which currently account for 80% of the island nation's power mix. Mauritius is inviting international investors to establish and operate a floating power plant as the Indian Ocean island nation seeks to address its growing energy needs, according to a tender issued by the state-owned Central Electricity Board. The proposed plant will run on heavy fuel oil, a request for proposals seen by Reuters on Tuesday showed. READ | Mauritius banks on golf to attract richer visitors Public Utilities Minister Patrick Assirvaden told lawmakers on Tuesday that Mauritius requires an additional 100 megawatts of electricity by January next year to meet rising demand. In May, Assirvaden said the floating barge plant initiative aims to diversify energy production sources, ensure greater security of supply and respond to rising energy demand. The contract is expected to last five years, with the barge expected to be anchored off the capital Port Louis and connected to the grid, he said on Tuesday. Mauritius relies heavily on imported fossil fuels that account for about 80% of its power mix. The tender is open to international developers who are required to submit proposals before August, according to the tender document. It did not disclose the plant's projected cost.
Reuters
24-06-2025
- Business
- Reuters
Mauritius seeks investors for floating power plant to meet energy demand
PORT LOUIS, June 24 (Reuters) - Mauritius is inviting international investors to establish and operate a floating power plant as the Indian Ocean island nation seeks to address its growing energy needs, according to a tender issued by the state-owned Central Electricity Board. The proposed plant will run on heavy fuel oil, a request for proposals seen by Reuters on Tuesday showed. Public Utilities Minister Patrick Assirvaden told lawmakers on Tuesday that Mauritius requires an additional 100 megawatts of electricity by January next year to meet rising demand. In May, Assirvaden said the floating barge plant initiative aims to diversify energy production sources, ensure greater security of supply and respond to rising energy demand. The contract is expected to last five years, with the barge expected to be anchored off the capital Port Louis and connected to the grid, he said on Tuesday. Mauritius relies heavily on imported fossil fuels that account for about 80% of its power mix. The tender is open to international developers who are required to submit proposals before August, according to the tender document. It did not disclose the plant's projected cost.
Zawya
20-06-2025
- Business
- Zawya
Africa Energy sees first output from South Africa's largest gas field by 2033
Canada-listed Africa Energy Corp is aiming to start production from South Africa's largest gas discovery by 2033 as it forges ahead with a project former operator TotalEnergies walked away from. The company is awaiting regulatory approval for a reworked environmental authorisation to survey Block 11B/12B off South Africa's southern coast. Using domestic gas is a key part of South Africa's strategy to diversify away from coal-fired power generation, with a flurry of new projects being pursued, including the country's first liquefied natural gas import terminal along the east coast. "Our 11B/12B indigenous gas should be very competitive versus imported LNG," Robert Nicolella said from the Africa Energy offices in Cape Town. Nicolella said the company was studying various ways to market the gas, although its preference is to supply a gas-to-power plant. South Africa is targeting 6,000 megawatts of new gas power projects. The CEO said Africa Energy is currently in talks with former national oil company PetroSA to use some of its infrastructure to land gas from the Brulpadda and Luiperd fields at Mossel Bay. TotalEnergies first mooted using PetroSA's infrastructure, which includes the FA offshore platform in Block 9, to help accelerate production. The idea was to connect Block 11B/12B to existing subsea pipelines that run to the FA platform and from there onwards to Mossel Bay. "It could be a commercial alternative. It's an option, without a doubt," Nicolella said of using PetroSA infrastructure. Africa Energy's majority-owned local subsidiary Main Street 1549 was left as operator of Block 11B/12B after TotalEnergies and joint venture partners QatarEnergy and Canadian Natural Resources decided to leave the project last year. Announcing its withdrawal last July, TotalEnergies said it appeared to be "too challenging to economically develop" and monetise the gas discoveries for the domestic market, without elaborating. Main Street will hold a 75% participating interest in the block and Arostyle Investments the remainder, according to Africa Energy Corp's website.
Reuters
10-06-2025
- Business
- Reuters
Africa Energy sees first output from South Africa's largest gas field by 2033
CAPE TOWN, June 10 (Reuters) - Canada-listed Africa Energy Corp (AFE.V), opens new tab is aiming to start production from South Africa's largest gas discovery by 2033, its CEO said on Tuesday, as it forges ahead with a project former operator TotalEnergies walked away from. The company is awaiting regulatory approval for a reworked environmental authorisation to survey Block 11B/12B off South Africa's southern coast. Using domestic gas is a key part of South Africa's strategy to diversify away from coal-fired power generation, with a flurry of new projects being pursued including the country's first liquefied natural gas import terminal along the east coast. "Our 11B/12B indigenous gas should be very competitive versus imported LNG," Robert Nicolella said from the Africa Energy offices in Cape Town. Nicolella said the company was studying various ways to market the gas, although its preference is to supply a gas-to-power plant. South Africa is targeting 6,000 megawatts of new gas power projects. The CEO said Africa Energy is currently in talks with former national oil company PetroSA to use some of its infrastructure to land gas from the Brulpadda and Luiperd fields at Mossel Bay. TotalEnergies first mooted using PetroSA's infrastructure, which includes the FA offshore platform in Block 9, to help accelerate production. The idea was to connect Block 11B/12B to existing subsea pipelines that run to the FA platform and from there onwards to Mossel Bay. "It could be a commercial alternative. It's an option, without a doubt," Nicolella said of using PetroSA infrastructure. Africa Energy's majority-owned local subsidiary Main Street 1549 was left as operator of Block 11B/12B after TotalEnergies ( opens new tab and joint venture partners QatarEnergy [RIC:RIC: and Canadian Natural Resources ( opens new tab decided to leave the project last year. Announcing its withdrawal last July, TotalEnergies said it appeared to be "too challenging to economically develop" and monetize the gas discoveries for the domestic market, without elaborating. Main Street will hold a 75% participating interest in the block and Arostyle Investments the remainder, according to Africa Energy Corp's website.
