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by Bloomberg
|Friday, January 08, 2021
Ghana is set to open sub-Saharan Africa s first liquefied natural gas-to-power project as it moves to position itself as a hub for the cleaner and cheaper fuel in the region.
(Bloomberg) Ghana is set to open sub-Saharan Africa’s first liquefied natural gas-to-power project as it moves to position itself as a hub for the cleaner and cheaper fuel in the region.
LNG-to-power projects have been booming from Asian to Latin American in recent years as they allow nations to switch from dirtier fossil fuels to keep the lights on. And for sellers, integrated LNG-to-power provides a guaranteed outlet for the fuel.
Standard Chartered has increased its 2021 average Brent oil price forecast by $7 to $51 per barrel, the company's latest commodity report has revealed.
Oil rose for a third day as a drop in U.S. crude stockpiles and Democrat victories in Senate elections in Georgia added impetus to a rally spurred by Saudi.
Oil steadied in Asia after surging to a 10-month high on Saudi Arabia's pledge to cut an extra 1 million barrels a day of crude output in February and Marc.
Energean has entered into a conditional sale and purchase agreement with Kerogen Investments No.38 Limited for the proposed acquisition of its 30 percent shareholding in Energean Israel Limited.
Energean plc (LSE: ENOG) has announced that it has entered into a conditional sale and purchase agreement with Kerogen Investments No.38 Limited, an affiliate of Kerogen Capital, for the proposed acquisition of its 30 percent shareholding in Energean Israel Limited (EIL).
As part of the deal, which would result in Energean owning 100 percent of EIL’s share capital, Energean would provide a total consideration of between $380 million and $405 million. The consideration includes an up-front payment of $175 million, deferred cash consideration amounts totaling between $155 million and $180 million and $50 million of convertible loan notes, Energean outlined.