US LNG Exports Fall in June Amidst Maintenance
U.S. liquefied natural gas exports fell to their second lowest monthly level for the year in June, as maintenance work at some of the country's largest export facilities hurt output, according to preliminary data from financial firm LSEG.The United States, the world's top exporter of LNG, sold 8.4 million metric tons of the superchilled gas during the month…
World Bank Group to consider $500 million for South Africa's Transmission Expansion
A senior bank official revealed that the World Bank Group was considering funding $500 million for South Africa to participate in a new facility of credit guarantee meant to unlock private finance for a massive expansion plan of the transmission grid. South Africa is enticing private investors to invest in an ambitious plan that will add 14…
Rhino Resources to drill new exploration well off Namibia
A company spokesperson announced on Tuesday that Rhino Resources, an African energy exploration firm, and Azule Energy its partner will drill the Volans-1X offshore Namibia at the end of July or beginning of August. Volans is being explored soon after Rhino Resource struck light oil at its second successful exploration…
South Africa's $5.8 billion Project Aims to Produce Low-Cast Green Ammonia
A $5.8 billion project on South Africa's east coast seeks to use the country's infrastructure and cheap renewable power to make some of the world's cheapest green ammonia for clients in Europe and Asia, an executive said.South Africa is vying with other African nations, including Egypt, Morocco and Namibia, to meet rising demand in the European Union and Asia for hydrogen and a
South Africa's Hive project, worth $5.8 billion, aims to be the leader in low-cost ammonia production
An executive revealed that a $5.8 billion South African project located on the east coast aims to use cheap renewable energy and the country's infrastructure to produce some of the cheapest green ammonia in the world for clients from Europe and Asia. South Africa competes with other African nations including Egypt…
Africa Energy to produce first gas from South Africa's biggest gas field in 2033
Africa Energy Corp, a Canadian-listed company, aims to begin production of South Africa's biggest gas discovery by 2033. Its CEO made the announcement on Tuesday as it pushed ahead with a project that former operator TotalEnergies abandoned. The company is waiting for regulatory approval on a revised environmental…
Russell: No rush to import US energy while Asia's imports slide under Trump
Asian countries have not rushed to buy U.S. commodities, despite President Donald Trump's call for a reduction in trade surpluses. The real deal in any future talks between China and the Trump administration will involve the three major energy commodities. Other Asian economies are also looking to curry favor with Trump…
Russell: No rush to import US energy while Asia's imports slide under Trump
Asian countries have not rushed to buy U.S. commodities of energy, despite President Donald Trump's call for a reduction in trade surpluses. The real deal in any future talks between China and the Trump administration will involve the three major energy commodities. Other Asian economies are also looking to curry favor with Trump…
Petrobras CEO: Africa will be the main exploration region for Petrobras outside Brazil.
Petrobras wants to develop Africa as its primary region outside Brazil. The CEO of the state-run oil company said this in a broad interview on Thursday. Petrobras CEO Magda Chabriard said that Ivory Coast extended the "red-carpet" to Petrobras when it granted the company the preference for buying nine offshore exploration blocks on Wednesday.
Chery launches Omoda & Jaecoo hybrid-electric SUVs in South Africa
Chery Auto, a Chinese automaker, launched its first hybrid SUVs in South Africa Thursday. The launch coincides with a growing level of competition on Africa's biggest automotive market. Sales of hybrid and electric vehicles are increasing, and other Chinese firms, such as GAC and BYD, are also making gains. Chery will introduce its premium Omoda brand to South Africa by 2023.
EU selects 13 new projects for critical materials, including Greenland
The European Union announced Wednesday 13 new raw materials projects outside of the bloc in order to increase its supply of metals, minerals and other essential elements for the EU to remain competitive in energy transition and defence and aerospace. This announcement comes after China decided in April to restrict exports of rare earth magnets unless new licenses were obtained.
EU selects 13 new projects for critical materials, including Greenland
The European Commission announced on Wednesday 13 new raw materials projects outside of the EU to increase its supply of metals, minerals and other essential elements for the bloc's competitiveness in energy transition and defence and aerospace. After China announced in April that it would restrict exports of rare earth magnets unless new licenses were obtained…
EU selects 13 new projects for critical materials, including Greenland
The European Commission announced on Wednesday 13 new raw materials projects outside of the EU to increase its supply of metals, minerals and other essential elements for the bloc's competitiveness in energy transition and defence and aerospace. After China announced in April that it would restrict exports of rare earth magnets unless new licenses were obtained…
South Africa offers to buy US LNG in order to seek trade deals
According to a statement on the website of the South African government's news agency, South Africa offered to purchase liquefied gas from the United States for a period of 10 years as part proposals to secure a deal. The document signed by Minister of the Presidency Khumbudzo Ntshavheni, and posted on Sunday night…
Glencore consolidates coal assets into a single Australian entity
Glencore announced on Thursday that it has restructured the coal business, combining its newly acquired Canadian mines under a single entity run from Australia. This makes it easier to manage. The Swiss miner and trader purchased Canadian miner Teck Resources’ steelmaking coal assets at a cost of $6.9 billion.
South Africa offers to buy US LNG in order to seek trade deals
According to a statement on the website of the South African government's news agency, South Africa offered to purchase liquefied gas from the United States for a period of 10 years as part proposals to secure a deal. The document signed by Minister of the Presidency Khumbudzo Ntshavheni, and posted late Sunday night…
Afreximbank, an oil and gas investor, has allocated $3 billion to support local refineries
A senior executive revealed that the African Export-Import Bank, (Afreximbank), which is a major investor in oil-and-gas projects, had set aside $3 billion for financing the purchase of refined goods within Africa, as part of plans to increase refining capacities. Bank and analysts say that Africa exports 80% of its crude oils and 45% of its natural gas…
Africa's top climate negotiator insists on 'no backwards' in commitments
According to the chair of Africa's group of negotiators, given the threat of global warming and progress made so far, there is no other choice than to continue with climate commitments, despite the United States withdrawing from a key international agreement. The Trump administration withdrew for the second…
Glencore refinery in South Africa invests in cleaner fuels
Astron Energy, an affiliate of the global commodity trader Glencore will invest up six billion rands ($328 million) in order to install new equipment, and to become compliant with South Africa’s cleaner fuel specification before a 2027 deadline. Astron officials have said that the foundations for a Gasoline Hydrotreating Process…
Indonesia Minister says other countries will not follow U.S. withdrawal from JETP Energy Transition Funding
A senior Indonesian Minister said that the United States' decision not to continue with the Just Energy Transition Partnership (a commitment of developed countries to fund energy transition) will have no impact on the commitments made by the other partners. JETP, a global financing initiative that brings…
