Equatorial Guinea, Cameroon in bilateral deal for cross-border oil and gas - ITREALMS

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The President of the Republic of Equatorial Guinea, H.E. Teodoro Obiang Nguema Mbasogo and H.E Paul Biya, President of the Republic of Cameroon have signed a bilateral treaty that would see the two West African countries cooperate on cross-border oil and gas development and monetization, reports NaijaAgroNet.

The agreement was signed during the heads of state summit of the Economic and Monetary Community of Central Africa (CEMAC) countries held in Cameroon last week and is set to bring with it new opportunities for oilfield development and regional energy security.

Steps to Achieve ‘The Decade of Gas’ - NaijaAgroNet

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Nigeria is a study in contradiction. It has the largest proven gas reserve in Africa yet faces a significant challenge in providing access to gas for a majority of its citizens and businesses. On top of this, it occupies an unenviable position as one of the top seven gas-flaring countries in the world, according to the World Bank. The tale would be unbelievable if it was fiction.

Sadly, the reality is grim. Oil-producing companies burn off millions of cubic litres of natural gas during oil production. They use a fancy term, gas flaring, to describe it. It doesn't however take remove from the fact that the action, gas flaring, is a glaring waste of a wasting resource. It also impacts negatively on the environment, human health and the cost of gas. It needs to be stopped.

NLNG delegates @2022 World Gas Congress - NaijaAgroNet

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A delegation of the Nigerian Liquified Natural Gas (NLNG) participated in the 2022 World Gas Congress in South Korea, reports NaijaAgroNet.

The delegation includes Abdulkadir Ahmed, MD NLNG Ship Management Ltd; Bala Wunti, GGM, NAPIMS; Philip Mshelbilia, MD/CEO, NLNG; Mele Kyari, GMD, NNPC; Adokiye Tombomieye, GED Upstream, NNPC; and Olalekan Ogunleye, Deputy MD, NLNG at the ongoing World Gas Congress in Daegu, South Korea.

Rivers, Shell sign MoU on gas supply

NaijaAgroNet:

The Rivers State Government and Shell Nigeria Gas (SNG) have signed a Memorandum of Understanding (MoU) for the distribution of gas to industries in the Greater Port Harcourt area and its environs, reports NaijaAgroNet.

The MoU, NaijaAgroNet gathered, sets out broad terms and conditions to guide co-operation between the two parties in the development of new gas distribution opportunities in the Greater Port Harcourt area and its environs in addition to its existing gas distribution network in the State.

"The agreement is key in the efforts of the government to boost industrialization in Rivers State," said Richard Hart, Permanent Secretary in the Ministry of Energy and Natural Resources, who signed for the government. "We believe that the agreed terms in the MoU will lead to the signing of the "Build-Operate-Own-and Transfer" (BOOT) agreement early next year so businesses can begin to reap the benefits of a steady source of energy."

SNG Managing Director, Ed Ubong who signed for the company said the partnership was an opportunity to further promote gas as a more reliable, cleaner and cost-effective alternative to liquid fuels in the Niger Delta.

"Gas is the key to boosting industrialization. It is no coincidence that states that currently do well on internal revenue generation have also encouraged the use of gas to boost industrial output, which in turn provides employment and improved livelihood. SNG is grateful to the Rivers State Government for the foresight and co-operation in the signing of the MoU, and will reciprocate the gesture by taking every step to fulfill its obligations in the agreement," he said.

Also commenting on the significance of the MoU, Country Chair, Shell Companies in Nigeria, Osagie Okunbor reiterated the leadership role of Shell in the domestic gas market.

"For more than 50 years, Shell has been in the forefront of the campaign to develop and monetize Nigeria's huge resources and it is good to see SNG continuing in the tradition to grow the domestic gas market and also help to improve lives and earnings in Rivers State," Okunbor said.

Isaac Oyimah/ED, Ops

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Mozambique goes to UK for first deepwater gas Summit

NaijaAgroNet:

The Mozambican Government in partnership with Eni have advanced plans to host the first Deep Water Gas field Development Summit in October, reports NaijaAgroNet.

This follows the recent signing of the Coral South floating LNG facility which became the first of its kind for the African nation.

NaijaAgroNet reports that this marks the start of an implementation phase for the gas industry of Mozambique, with more such deals expected to move from planning phase into fruition, the economy will see the benefits from this new business in the country.

The Mozambique Gas Summit & Exhibition, would take place in October with extensive cover of latest developments in Mozambique’s gas industry.

The three-day event, NaijaAgroNet gathered is being organized by acclaimed oil and gas events company, the CWC Group, in partnership with Mozambique’s national hydrocarbon’s company ENH.

Isaac Oyimah/GEE 

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Anambra still savouring $5m export of vegetables

NaijaAgroNet:

The Anambra State governor, Chief Willie Obiano has said that his four pillars of economic blueprint including Agriculture, Industrialization, Trade and Commerce and Oil and Gas, has started yielding dividends, even as the state still savouring the exportation of vegetables (Ugu) punkin leaves and (Onugbu) bitter leaf,  valued at $5 million to Europe, NaijaAgroNet reports.

Experts also defined Ugu as Telfairia occidentalis, a tropical vine grown in West Africa as a leaf vegetable and for its edible seeds. Common names for the plant include fluted gourd, fluted pumpkin, and ugu.

While Onugbu - Bitter leaf also known as Vernonia amygdalina, is a vegetable used for preparing the popular Bitter leaf soup. Also known as Onugbu, Shiwaka and Ewuro by the Igbos,

Speaking in Abuja in an interactive session which attracted Ndi Anambra residing in the North central part of the country at Transcorp Hilton recently, Gov. Obiano said that the state is now a socially stable, business-friendly environment attracting both indigenes and foreigners to seek wealth-creating opportunities.

He also told the profile audience which comprised the Obi of Onitsha, Igwe Alfred Achebe, Dr.  Oby Ezekwesili both PDP and APC members of the National Assembly, former Governor Chinwoke Mbadinuju and leadership of the Anambra State Investment Agency (ANSIPPA), charged with the mandate of attracting and fast-tracking investments in the state has so far attracted over $4.2 billion deals to the state.

The latest investment he confirmed was sealed on Tuesday last week with Zolt Energy Limited to build a 40 megawatts Embedded Power Generating Plant in Ogbaru. When completed in the next 18 months as scheduled, all the power generated from it will be distributed mainly in Anambra State.

On the state of agriculture, Obiano who was giving a score card of his two and half years stay in office disclosed that “in January this year, Anambra made headlines when it became the first state in Nigeria to export vegetables (Ugu and Onugbu) valued at $5million to Europe. 

Further, Obiano said "Our locally produced brand of rice known as Anambra Rice recently emerged the Best Rice in Africa at an African Products Forum in Lagos. Anambra Rice was adjudged better and more wholesome than other competing brands from South Africa, Egypt, Ghana, Morocco, Namibia and Cameroon.”

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