PLATTS - The companies plan to invest around $1.4 billion for the project with Sonatrach and and Total sharing 51% and 49%, respectively.
The 5th Powering Africa: Summit (PAS) will take place for the first time in Miami from the 25-27th February 2019.
ISSUES - Yet the United States still has an opportunity to help interested African nations overcome the obstacles to realizing their energy ambitions. Whereas Russia and China have large government investments in a few advanced nuclear technologies, the United States has a robust and thriving private sector for advanced nuclear development, drawing on both decades of public research and development and a high-tech investment ecosystem. From large national laboratories to small venture-backed start-ups, the United States has over 50 firms working on a diverse portfolio of advanced nuclear designs, many targeting smaller or niche markets.
U.S. EIA - Energy consumption in Asia, the Middle East, and Africa continues to grow rapidly, with about 20% growth in each region between 2010 and 2016, according to newly available data in EIA’s International Energy Statistics database. In particular, energy consumption has been increasing in the Middle East and Africa, driven by economic growth, increased access to energy markets, and quickly growing populations. Energy consumption in Asia grew even as energy consumption in China declined between 2015 and 2016.
REUTERS - Libya’s oil revenue rose to $24.4 billion in 2018, up 78 pct from 2017, Libya’s National Oil Corporation (NOC) said in statement on Sunday.
ENI - Eni sells to Mubadala Petroleum a 20% stake in the Nour North Sinai Offshore concession in Egypt
IMF - Egypt's GDP growth accelerated from 4.2 percent in 2016/17 to 5.3 percent in 2017/18 while unemployment declined to below 10 percent.
МИНЭНЕРГО РОССИИ - Наш товар безальтернативен. Ни американцы, ни катарцы, ни норвежцы, ни африканцы не могут поставить такие объемы за такую низкую цену. Поэтому надо дать возможность нашим партнёрам сходить ко всем трём продавцам, попробовать договориться. Они в итоге все равно к нам вернутся, лишние деньги никто тратить не хочет.
BP - Libya’s National Oil Corporation, BP and Eni today signed an agreement expected to lead to Eni and BP working together to resume exploration activities on a major exploration and production contract in Libya.
МИНЭНЕРГО РОССИИ - «Значительный потенциал российско-ливийского взаимодействия в энергетике сконцентрирован в нефтегазовом секторе. Крупнейшие российские компании заинтересованы в работе на энергетическом рынке Ливии», - сказал Александр Новак.
МИНЭНЕРГО РОССИИ - Стороны обсудили двустороннее взаимодействие в нефтегазовой сфере. В частности, деятельность на территории Алжира ряда российских компаний («Газпром», «Стойтрансгаз»), а также сотрудничество в электроэнергетике.
OPEC - Total oil demand for 2018 is now estimated at 98.82 mb/d. In 2019, world oil demand growth is forecast to rise by 1.41 mb/d. Total world oil demand in 2019 is now projected to surpass 100 mb/d for the first time and reach 100.23 mb/d.
IAEA - Overall, the new projections suggest that nuclear power may struggle to maintain its current place in the world’s energy mix. In the low case to 2030, the projections show nuclear electricity generating capacity falling by more than 10% from a net installed capacity of 392 gigawatts (electrical) (GW(e)) at the end of 2017. In the high case, generating capacity increases 30% to 511 GW(e), a drop of 45 GW(e) from last year’s projection. Longer term, generating capacity declines to 2040 in the low case before rebounding to 2030 levels by mid-century, when nuclear is seen providing 2.8% of global generating capacity compared with 5.7% today.
PLATTS - Libya's crude oil production edged up again this week, with increased output from two smaller fields in the east of the country, sources said Friday.
IEA - For the third consecutive year, global energy investment declined, to USD 1.8 trillion (United States dollars) in 2017 – a fall of 2% in real terms. The power generation sector accounted for most of this decline, due to fewer additions of coal, hydro and nuclear power capacity, which more than offset increased investment in solar photovoltaics.