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Oil majors to gain most from East Africa gas boom; Will make the region a top LNG exporter

Discussion in 'Jukwaa la Siasa' started by nngu007, Jul 22, 2012.

  1. nngu007

    nngu007 JF-Expert Member

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    Fri Jul 20, 2012 12:10pm GMT



    * East African natural gas reserves are over 250 tcf
    * Will make the region a top LNG exporter
    * Small companies lack capital for such big projects
    * Asian national energy companies lack know-how

    By Henning Gloystein


    LONDON, July 20 (Reuters) - Large western energy companies stand to gain most from a boom in East African natural gas exports as their technical know-how and capital power gives them an advantage over smaller competitors or Asian national firms, consultants Bain and

    Company said.


    The U.S. Geological Survey estimates that over 250 trillion cubic feet (7.1 trillion cubic metres) of natural gas may lie off Kenya, Tanzania and Mozambique, compared to 186 trillion cubic feet for Nigeria, Africa's biggest energy producer.


    Just the gas findings announced earlier this year in the region are estimated to hold enough gas to supply France, Germany, Britain and Italy for at least a year - possibly much more.


    "Mozambique in particular is in a place to become one of the world's largest exporters of LNG (liquefied natural gas), and large international oil companies are the natural players in this region as they have the technical know-how and scale to develop, operate and maintain these massive gas fields in deep waters," Juan Carlos Gay, partner at business consultancy Bain and Company said on Friday.


    "Some NOCs (national oil companies), in particular from Asia, and mid-sized independents may gain access to get assets onshore and in shallow coastal waters but most of the reserves are in deep and complex waters and that's good news for major European and North American IOCs (international oil companies)."


    Gay added that European and American energy companies would have to make efforts to stay on the cutting edge of technological developments as Asian NOCs were fast catching up.


    With such vast reserves and limited domestic demand, East Africa was set to become one of the world's leading exporters of LNG, a market that is booming as Asian demand continually rises and domestic natural gas reserves in Europe dwindle.


    Bain's Gay said that although Asian NOCs would be interested in buying large amounts of East African gas to meet booming demand, their lack of technological know-how to operate in deep waters would benefit the established major players from Europe and North America, while small independent companies would lack the capital to develop such large fields.


    British exploring company Ophir Energy and its partner BG Group announced a major discovery off Tanzania in May, and U.S. explorer Anadarko Petroleum and Italian oil group Eni announced even bigger finds off Mozambique.


    Anadarko estimates its reserves off northern Mozambique at 50 trillion cubic feet - almost as much as Libya's proven gas reserves. It is planning production from 2018.


    Eni says its neighbouring exploration block may have 52 trillion cubic feet of gas. BG, Ophir, Exxon Mobil and Statoil say they may have 20 trillion cubic feet.


    Exxon Mobil has made discoveries off the coast of Tanzania, and Royal Dutch Shell - although dropping out of a bid for Cove Energy that would have given it access to East African gas - is also expected to move into the region.






    © Thomson Reuters 2012 All rights reserved
     
  2. nngu007

    nngu007 JF-Expert Member

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    Inaogopesha Haya Makampuni kama Exxon-Mobile yameisha ingia BONGO...

    Na wemeisha jua hiyo GAS ilivyo nyingi inawachanganya akili...
     
  3. Chilisosi

    Chilisosi JF-Expert Member

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    Sasa inaogopesha nini, ulitaka tusichimbe mafuta? iIBAKI STORI TU KUWA TUNA GESI AU??
     
  4. Chilisosi

    Chilisosi JF-Expert Member

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    nILIWEKA THREAD JANA HAPA LAKINI WATU WALIDHANI NATANIA,
     
  5. M

    Mpanzi JF-Expert Member

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    I wonder why the discovery has not met with a great enthusiam among Tanzanians as it has done in Europe, If you conduct a cross survey you will find that only a fraction of Tanzanians knows about this masive discovery.
     
  6. Chilisosi

    Chilisosi JF-Expert Member

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    watu wanasoma zaidi magazeti ya udaku na picha za wema sepetu, hawana interest na mambo kama haya
     
  7. nngu007

    nngu007 JF-Expert Member

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    EXXON-MOBILE ndio wako NIGERIA... SIJUI kama unaona Maendeleo yoyote Nigeria; Zaidi ya Viongozi wao kuwa na

    Mabilioni ya Dollars USWISI; Nitakusikia wewe na Madoido yako kama hata Barabara ya lami itajengwa Walafi wamefika
     
  8. MtamaMchungu

    MtamaMchungu JF-Expert Member

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    Tunahitaji sheria za kudhibiti haya mambo haraka sana. Isije kuwa kama dhahabu tukaishia kupewa mrahaba wa asilimia 3. Hii nchi ina neema, tuhakikishe inakuwa neema kwa wengi na sio wajanja wachache. Mwaka 2015 tuhakishe tunakuwa na either serikali isiyo ya CCM au Bunge lisiwe na majority ya CCM, or else nadhani tutarudi kulekule kwenye dhahabu.
     
  9. nngu007

    nngu007 JF-Expert Member

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    Kama Uongozi ni Huu Kiongozi ni Nape Nnauye na Mwengulu Mchemba wao ni Matusi na kugeuza Ukweli kuwa Uongo

    Rais wetu Mgomo wa Madaktari yeye anapanda ndege kwenda USA; Unadhani watajali hayo ya kudhibiti?

    Wewe Ulimsikia Edward Lowassa kasema hiyo GAS ni ya thamani zaidi ya dola trillioni 50; ni kuanza kukopa against GAS

    huyo akapanda ndege kutembelea BALOZI ZOTE ZA TANZANIA NJE YA NCHI; hayo Mapesa si yangesaidia kulipa

    Madaktari kama wanajali? au ndio Umimi huo? CCM is not for PEOPLE any more...
     
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