DMEA - Downstream Middle East & Africa

23 February 2023

Fossil fuel consumption subsidies in 2022 were at record high of $1 trillion

22 February 2023

According to the International Energy Agency, worldwide subsidies for fossil fuel consumption increased dramatically in 2022, surpassing $1 trillion for the first time.

Tanzania issues construction licence to EACOP Ltd

22 February 2023

Tanzania has formally authorised the construction of its section of the East Africa Crude Oil Pipeline (EACOP), which will carry petroleum from western Uganda to the shores of the Indian Ocean.

Perenco takes FID on building LNG plant at Cap Lopez terminal in Gabon

20 February 2023

Perenco (UK/France) intends to build a natural gas liquefaction plant in Gabon as part of a wider effort to expand the capabilities of its Cap Lopez terminal.

Galp reportedly instructs Bank of America to arrange for sale of 10% stake in Rovuma LNG

17 February 2023

Portugal’s Galp is reportedly gearing up to drop a minority stake in the $30bn Rovuma LNG project from its African portfolio.