US Sponsors LNG Network Viability Study In West Africa





by Chibisi Ohakah
The United States Trade and Development Agency (USTDA) is sponsoring a feasibility study to assess the economic, financial and technical viability of a potential LNG receiving terminal and distribution network near the Port of Kamsar in the Boké region of Guinea.

This project advances the goals of the Electrify Africa Act, the U.S. government’s Power Africa, Prosper Africa and Doing Business in Africa initiatives.

The study grant to the ‘West Africa LNG Group Guinea SA (WA-LNG)’, which will be conducted by Plum Energy LLC, will support the diversification of Guinea’s energy sector, which currently depends on hydropower, diesel and heavy fuel oil, Petroleum Africa said yesterday in a report.

“USTDA believes in this project, and we support its goal of bringing an important new energy source to the Guinean market. We know that natural gas can decrease the cost of energy for a wide array of commercial and industrial consumers and we look forward to seeing those benefits right here,” the report quoted USTDA’s acting director, Thomas Hardy.

West Africa LNG will distribute natural gas or LNG to end-users, initially including bauxite producers and an agro-industrial park supported by the African Development Bank. The introduction of LNG into the market allows for the use of a more sustainable, reliable, year-round energy source.

“We are thrilled to have reached this important milestone in making affordable and environmentally friendly LNG available for the development of the Guinean industrial and agro-industrial sectors, as well as improving the lives of the Guinean people,” the report quoted the chairwoman of WA-LNG, Patricia Moller.

“We are committed to making this transformational project a reality as quickly as possible. We greatly appreciate the tireless efforts of USTDA and are enormously indebted to the Government of Guinea for its unwavering support. The availability of affordable clean power will enable Guinea to industrialize, add value to its mineral and agricultural raw materials and create jobs for its young population,” she said

Credit: OrientEnergyReview.com
Share on Google Plus

About theledgerng.com

    Blogger Comment
    Facebook Comment

0 comments:

Post a Comment