With the energy transition a hot topic off the back of COP 26 and in the lead-up to COP 27, Liquefied Natural Gas (LNG) in particular, has risen to the fore on account of its 25% lower carbon emissions when compared to traditional heavy fuel oil emissions.
Thus, as new world-class LNG megadevelopments open across the MSGBC region, there are several key capital expenditure projects to watch.
GREATER TORTUE AHMEYIM
The Greater Tortue Ahmeyim (GTA) project targets 15 trillion cubic feet (tcf) of gas reserves stretching across the Senegal-Mauritania border – a feat of policy and regulatory design thanks to both countries respective governments that have made it possible, as well as logistical engineering. Having been delayed by a year due to the COVID-19 pandemic, GTA is now on track to start production by late 2023.
Development of the GTA reserve, discovered in July 2019, has been planned in three stages, the first of these pegged to produce 2.5 million tons of LNG per annum (mtpa). The project is operated by bp with a 60% stake, Kosmos Energy with 30% and national oil companies, Petrosen and SMHPM taking a 10% share.
YAKAAR-TERANGA
Yakaar-Teranga is in many ways a product of GTA’s success, targeting 20 tcf of gas in Senegal at a 3,000-meter water depth. The Yakaar-Teranga field is situated in the Cayer Profond block discovered in 2017, with the final investment decision (FID) to be made by the end of this year and production tentatively slated to start in 2024. Its development will be carried out in two phases, the first establishing a steady 150 million cubic feet per day of natural gas extraction and the second to build export facilities and local petrochemical processing plants.
BIRALLAH
Regional neighbor to GTA and mirroring Yakaar-Teranga’s reserves across the border, Mauritania’s BirAllah field holds 13 tcf of natural gas at a 2,500-meter water depth. Discovered using the Valaris DS-12 drillship in 2019, BirAllah was labeled the largest deepwater gas discovery of that year with the Orca-1 zone in Block C8 rivaling Senegal’s Yakaar-Teranga for monetization prospects.
BANDA
The Banda LNG Project follows from the signing of a non-binding memorandum of understanding between American megafirm New Fortress Energy and the Mauritanian government late last year, pursuant to the development of a national energy hub. Under this document, the Ministry of Petroleum, Mines and Energy has set a goal of securing gas supplies from the Banda field by 2024 by permitting New Fortress to deploy its leading Fast LNG technology.
The purpose of this deployment is for New Fortress to convert the country’s natural gas into LNG, in order to supply local markets via Mauritania’s 180 MW Somolec power plant and a new 120 MW plant. The Banda field holds an estimated 1.2 tcf of gas, providing an abundant reserve for New Fortress’ facility which achieved FID in March last year, targeting production of 1.4 mtpa with the potential to be operational in 20 months.
KARMOL
GAS Entec has recently announced a world first with the completion of outfitting for a pioneering modular LNG Floating Storage Regasification Unit for KARMOL– a joint venture between Turkey’s Karpowership and Japan’s Mitsui OSK Lines. Once the vessel arrives in Senegal’s capital city of Dakar, it will be connected to Karpowership’s 236 MW floating power plant, in turn linking directly to Senegal’s grid. The move will serve as the country’s first LNG power supply and meet close to 15% of total demand.
GUINEA LNG PROJECT
Guinea’s $300 million LNG project currently targets the development of a large-scale LNG Receiving Terminal, as opposed to any production of its own. Nevertheless, the new terminal, located near the Port of Kamsar in Guinea’s Boke region, has the potential to drive significant regional demand for the product which can be used to supply domestic mining operations and other facilities.
LABOUR
Oyo Approves Conversion Of 730 Civil Servants
The Oyo State Government has approved the conversion of 730 Civil/Public Servants in the state.
The Chairman, Civil Service Commission, Oyo State, Alhaji Kamoru Abíọ́dún Adéríbigbé, who conveyed this in a press statement,said the conversion process which cuts across ninety-two (92) cadres, is the first of its kind in the history of the Civil Service Commission in Oyo state.
The Civil Service Commission had screened officers, through weeding tests for some and oral interviews across all Ministries, Departments and Agencies in the state.
“As usual, the conversion was in line with the template of merit and competence introduced by His Excellency, Governor Seyi Makinde FNSE, and considering the existing vacancy disposition for each of the cadres”, Alh. Aderibigbe said.
Among the various cadres of the converted officers are the Administrative Officers, Accountants, Registrars of Cooperatives, Executive Officers, Nursing Officers, Agricultural Officers, Trade Officers, Statisticians, Engineers, Veterinary Officers, Geologists, Program Analysts, Scientific Officers, Social Welfare Officers, Store Officers, Land Officers, among others.
He described the conversion as the Governor’s third anniversary gift to beneficiaries and admonished them to reciprocate the kind gesture of the government of Ọ̀yọ́ state by discharging their duties diligently.