Liquefied Natural Gas (LNG)

Nigeria: Transoceanic Gas & Power lines up consortium for new offshore gas hub

By

Transoceanic Gas & Power has announced the start of pre-FEED work for a new 3 million tons per annum (mtpa) floating LNG (FLNG) project offshore Nigeria, in cooperation with Wison New Energies and NMDPRA.

The company seeks to develop an offshore gas hub around OPL 289, an offshore license located next to the Pennington terminal. It wants to monetise some 500 MMscf/d of stranded offshore and swamp gas resources to produce 3 mtpa of LNG for the export market, 150,000 metric tonnes per annum (tpa) of LPG for the domestic market, 25,000 barrels of per day (bpd) of condensates, and 75,000 metric tpa of propane.

The project’s plans also include a phased gas-to-power project of up to 1GW, starting with a floating power barge of 250 MW.

Feedstock would come from gas resources on OPL 289 along with OMLs 86 and 88, two shallow water blocks that include the Pennington Terminal and were recently divested by Chevron and acquired by NNPC Ltd. “The model will help derisk upstream gas resourcing, and we guarantee at least 7 TCF of gas supply,” the company says on its website.

The project is backed by private equity with the upstream gas development supported by financing from Quantum Suisse, Transoceanic Gas & Power said yesterday.

It has revealed an impressive lineup of international contractors and partners it intends to work with to support various components of its future gas hub, including Wison New Energies for the design and EPC of the floating LNG unit and floating power barge, Samsum Heavy Industry (SHI) for the upstream facilities, Siemens Energy for the power and compression components, and Karpowership, Vitol and Socar of Azerbaijan as LNG off-takers.

Transoceanic Gas & Power is not the first company to propose a floating LNG project in Nigeria, where several such ventures are currently being planned. However, the company’s vision is unique in its scale and diversity by integrating several revenue streams that ensure a maximal usage of the gas molecules including for LNG, LPG, condensate, and power with a mix of domestic and export allocations.

Read more

Caverton celebrates local content milestone for Cameroon’s aviation sector

Earlier this week, the Cameroon Civil Aviation Authority (CCAA)’s Training School validated the training of 14 new students with the issuance of Certificates of Competence in Aircraft Maintenance and Recycling (CAMRA 2024). The programme is delivered jointly by the National School of Engineering of Yaounde and was supported by Caverton Helicopter who provided 3-month internship opportunities  to four trainees at its facility in Ikeja. Caverton also fully sponsored two trainees, who will now be hired by the company. The CAMRA training provides Cameroonians graduates with the tools and knowledge to meet industry and authorities’ demand for aviation managers in aircraft maintenance, continuing airworthiness management and aircraft recycling. The certificate issuance ceremony that took place this week was attended by the Honourable Minister of Transport, Mr. Jean Ernest NGALLE NOBEHE as well as the Director General of CCAA, Mrs. Assoumou Koki and various public and private stakeholders of Cameroon’s aviation sector. Caverton was represented by its Group CEO, Mr. Olabode Makanjuola in and its Group COO, Mr. Rotimi Makanjuola.

Tetracore to regionalise gas expertise as it plans Ghana’s first virtual gas pipeline solution

Tetracore Energy Group, a prominent player in Africa’s energy sector, is partnering with the Africa Prosperity Dialogues 2024 (APD 2024) in Ghana ahead of its opening of the country’s first compressed natural gas (CNG) mother station in the West African country later this year. The Nigerian company will be gold sponsor of the 3-day annual summit organised by the Africa Prosperity Network (APN), under the auspices of the President of the Republic of Ghana, H.E. Nana Addo Dankwa Akufo-Addo. It will shape a critical dialogue on the type of inclusive strategies that can deliver prosperity in Africa by promoting regional and continental integration, prioritizing marginalized populations, women, and youth, and providing a platform for sharing best practices and innovative solutions that can be scaled up across the continent. The APD 2024 will be held at the Peduase Presidential Lodge, Aburi Hills, Ghana, from January 25 to January 27, 2024. The event themed ‘Delivering Prosperity in Africa – Produce, Add Value, Trade,’ is designed to facilitate a comprehensive dialogue among key stakeholders from government, business, civil society, and academia and unlock additional regional cooperation. Expressing the significance of Tetracore’s strategic collaboration with Africa Prosperity Network, the Program Executive, Tetracore Energy Group, Oladayo Williams stated “our sponsorship of the Africa Prosperity Dialogues 2024 underscores our commitment to fostering sustainable development and energy security across the continent. We believe in the transformative power of collaborative dialogues, and the APD provides a unique opportunity to engage with thought leaders and shape the trajectory of Africa’s prosperity with the overarching goal of contributing to economic growth and prosperity in Africa, aligning with the AU Agenda 2063.” Later this year, Tetracore Energy Group ambitions to commission Ghana’s first virtual gas pipeline network and first CNG mother station. In doing so, it will bring its expertise of developing gas-to-industry and gas distribution networks in Nigeria to the rest of the region, with a focus on supporting African industries with cheap, affordable and sustainable energy solutions. Aligned with Tetracore in this strategic partnership, the Chairman and Founder, Africa Prosperity Network (APN), Gabby Asare Otchere-Darko, emphasized “Africa needs a paradigm shift and this transformation hinges on dedicated leadership, strategic investments in vital sectors, one single African Market, innovations, and a steadfast commitment to fostering trade and investment to unlocking the continent’s immense potential on the global stage. This is the second edition of the Africa Prosperity Dialogue, so when we have these meetings where political and business leaders meet, we think, plan and work together on how we can accelerate, deepen and expand the implementation of the single market project and present this to the assembly of heads of states and governments for the African Union to adopt.” Tetracore’s sponsorship reflects the company’s dedication to corporate responsibility, and sustainability, and its role as a catalyst for positive change, alongside other strategic partners for ADP 2024 including the African Continental Free Trade Area (AfCFTA) Secretariat, United Nations Development Programme (UNDP) Africa, African Development Bank (AfDB), African Export-Import Bank (Afreximbank), United Nations Economic Forum for Africa (UNECA), Africa Business Council (AfBC), Africa America Institute (AAI), Arab Bank for Economic Development in Africa (BADEA), Africa Soft Power, and Ghana Investment Promotion Centre (GIPC). To register for the Africa Prosperity Dialogues 2024 (APD 2024), visit www.africaprosperitynetwork.com for more information.