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Tag Archives: gas

Oil and gas financing debate

Banks are ready to finance the sector but with stringent conditions    Kampala, Uganda | JULIUS BUSINGE | Uganda’s commercial banks have reiterated their commitment to finance oil and gas projects as long as borrowers meet the terms and conditions. Bank executives who spoke during the 10th East African Petroleum and …

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TotalEnergies restates that Uganda oil plans on track

Patrick Pouyanne says in Uganda and elsewhere, TotalEnergies will focus on investments in low-cost and low-carbon assets. Kampala, Uganda | THE INDEPENDENT | The French oil major TotalEnergies has affirmed its total commitment to extract Uganda’s oil despite concerns by climate activists. The company has been under intense pressure to …

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Algeria, Italy agree to build new energy pipeline

Algiers, Algeria | Xinhua | Algeria and Italy agreed on Monday to build a new pipeline to carry Algeria’s gas and electricity to Europe. At a joint press conference with visiting Italian Prime Minister Giorgia Meloni, Algerian President Abdelmadjid Tebboune said the project will make Italy “a key distributor of Algerian …

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Norway becomes Germany’s top gas supplier in 2022

Berlin, Germany | Xinhua | Norway replaced Russia as Germany’s biggest gas supplier in 2022, accounting for 33 percent of its total gas imports, the Federal Network Agency (BNetzA) said on Friday. “Norway is our most important energy supplier today and should remain so as we move toward a carbon-neutral future,” Germany’s …

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