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Tema LNG terminal Company, an affiliate of the private equity fund Helios Investment Partners, has signed an agreement with China Harbour Engineering Company for the construction of a LNG regasification terminal in the city of Tema (Ghana). The construction will be completed in 18 months and once built, the facility would supply gas to Ghana’s gas-fired power plant projects, of which in particular the 400 MW Bridge power project which is currently being built in Tema as well.

The project will be supported by a 12-year gas supply agreement between Ghana National Petroleum Corporation (GNPC) and Rosneft which was signed in May 2018. Rosneft will supply 1.7 Mt/year of LNG to GNPC. The terminal will then be transferred to GNPC and the Ghana Ports and Harbours Authority (GPHA) after the 12-year initial period..

The Tema facilities include a floating regasification barge (FSRU), floating storage unit and a pipeline, which will be connected to the domestic grid. The FSRU will be provided by the Höegh LNG through a 20-year agreement with Quantum Power Ghana Gas.

Angolan state-held oil and gas company Sonangol has submitted to the Ministry of Mining Resources and Oil a list of 54 affiliates in its group that are ready to be privatized. They account for approximately one third of the company and include assets that do not fit the company’s main objective.

China Petroleum & Chemical Corporation (Sinopec) sold 16.3 bcm of gas during the first seven months of 2018, which represents a 13.4% increase compared with the same period of last year while the share of LNG imports in the total reached 37%. Besides, the company plans to boost spot LNG purchases in order to prepare for the winter peak consumption period.

Russian oil producer Rosneft will supply 1 Mt/year of oil to State Oil Company of Azerbaijan Republic’s (SOCAR) Turkey Aegean Refinery (STAR) refinery project in Aliaga on the Aegean coast (Turkey) starting from the end of 2018. The project has already initiated preliminary commissioning activities and is scheduled to begin full operations in the fourth quarter of 2018. Meanwhile,…

In response to the rising cost of LNG imports, the Bangladesh Energy Regulatory Commission (BERC) is planning to increase gas prices by 93% for the industry and by 25% for the compressed natural gas (CNG) sectors. The brunt of the proposed price hikes are expected to be borne by the fertiliser and power sectors with planned increases of 372% and 206%, respectively.

China Three Gorges International Corporation (CTGI) has ended discussions with the Nepalese government regarding the US$1.2bn West Seti hydropower project (west Nepal) after both sides failed to reach a middle ground. Technical problems,…

Dutch transmission system operator (TSO) TenneT has started to lay the subsea section of the 1,400 MW NordLink interconnector project in the German part of the North Sea. 99 km will be laid into the seabed between the cable landfall at the Büsum dike (Schleswig-Holstein, Germany) and southwest of the Island of Sylt through the tidal flat area (Wadden Sea).