Moroccan Gas Pipeline Funding22 May 2025 08:19
I am hoping that this funding news from African Energy will be relevant to Anchois - there is an updated map of the proposed pipeline which is available to access.....https://www.africa-energy.com/news-centre/latest
AE 526 PDF: Financing breakthrough could dispel doubts on Nigeria-Morocco gas pipeline mega-project
Issue 526 - 21 May 2025
The issue leads with an analysis of recent developments with the proposed Nigeria-Morocco gas pipeline mega-project. Moroccan officials are talking up the prospects for the rebranded Africa-Atlantic Gas Pipeline, including potential investment from the Gulf, while Nigeria insists it will be able to supply both the mega-project at the centre of King Mohammed VI’s Africa policy and a rival scheme promoted by Algeria.
African Energy also focuses on Libya, where officials in charge of recovering stolen assets for the Libyan government will soon restart attempts to claim an estimated $50bn secreted in the United States by the late Colonel Muammar Qadhafi and his associates.
Having broken this story in December, African Energy has continued its investigation in partnership with Africa Confidential, revealing a remarkable chain of covert financial dealings as politicians set their eyes on a very big prize.
The African Energy View looks at how this historic tale of wasted Libyan assets has relevance to Africa’s poverty today.
Power coverage leads with articles examining a revival of Zambia’s Global Energy Transfer Feed-in Tariff programme, which says it has revived six PV projects awarded in 2019 and is targeting an ambitious date for financial close, and a huge World Bank grant for the biggest project in Malawi’s power pipeline. Backed by EDF, TotalEnergies, British International Investment and Norfund, the Mpatamanga hydroelectric power plant will increase nominal installed capacity by about two-thirds and will be the country’s largest-ever foreign direct investment.
African Energy also reports on the extension of South Africa's wheeling regulations to cover municipal grids. The move has given fresh impetus to the liberalisation of the electricity sector, but many municipalities lack the capacity to enable it and others are likely to be concerned about the impact on revenues.
Commercial and industrial coverage leads with news that Barrick has said it will procure substantial battery storage capacity at its Lumwana copper mine in Zambia, where it has also signed a deal to significantly increase its offtake from utility Zesco.
Oil and gas coverage leads with Senegal and Mauritania. First production from the cross-border GTA offshore LNG play has exceeded Kosmos’ expectations, and a ‘Phase 1+’ brownfield expansion could point to a swifter than expected increase in production, making gas available for domestic supply. Kosmos also struck an optimistic tone for its offshore interests in Ghana.
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