. Energy News .




.
ENERGY TECH
Ghana, China reach $800 mn gas development deal
by Staff Writers
Accra (AFP) Aug 12, 2011

Ghana will borrow $800 million from China to build natural gas infrastructure, the head of the national gas company said Friday, months after the country became Africa's newest major oil producer.

"An agreement has been reached and we have secured $800 million from the Chinese Development Bank for the project to take off," George Sipa-Adzah Yankey told AFP on Friday.

He said the West African nation's government had signed off on the deal and parliament is now expected to approve it. Further details of the loan were not yet disclosed.

The deal marks the latest sign of China's growing influence in Africa as well as Ghana's bid to capitalise on its recent oil and gas discoveries.

The country's government had pledged that major oil production, which began in December, would not result in the flaring of gas -- essentially burning it off -- with the practice viewed as harmful to the environment.

But the country did not have infrastructure in place to properly develop its gas resources when oil production began.

The work resulting from the loan from China will include pipeline construction, and the country is expected to begin producing gas by the end of 2012 at the earliest, said Yankey of the Ghana National Gas Company.

He said gas production is expected to stabilise at around 120 million cubic feet per day.

Ghana has begun producing oil from its offshore Jubilee field, one of the largest discoveries in West Africa in recent years. The field's operator is Anglo-Irish firm Tullow.

Tullow said in July it was producing around 80,000 barrels a day and expected to reach 120,000 bpd this month. It has estimated that the field's recoverable resources amount to up to one billion barrels.

China has previously shown interest in Ghana's oil, with the Asian nation seeking to fulfill its growing energy needs.

Ghana is viewed as a model of democracy in West Africa, but its newly found oil wealth has brought with it warnings of the so-called resource curse, with many pointing to nearby Nigeria as an example.

Nigeria, Africa's largest oil producer, has long been held back by deeply rooted corruption and mismanagement, while aspects of its economy outside of oil have been neglected.




Related Links
Powering The World in the 21st Century at Energy-Daily.com

.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries


Vietnamese allow 10th anti-China rally
Hanoi (AFP) Aug 14, 2011 - Vietnamese authorities allowed around 100 protesters to march in Hanoi on Sunday against Chinese territorial ambitions in the South China Sea -- the 10th such demonstration since early June.

China and Vietnam have a long-running dispute over the sovereignty of the potentially oil-rich Paracel and Spratly island groups, which straddle vital commercial shipping lanes in the waters.

Overtly political rallies are rare in Vietnam, but tensions with Beijing have risen since May when Hanoi said Chinese vessels cut the exploration cables of an oil survey ship inside the country's exclusive economic zone.

Police have since broken up two anti-China rallies in communist Vietnam, after talks with Beijing in June, but the other street action has been allowed to go ahead.

During Sunday's peaceful demonstration around Hoan Kiem lake, participants -- including students and intellectuals bearing banners -- shouted slogans in memory of Vietnamese soldiers killed during past incidents with China.

Vietnamese bitterly recall 1,000 years of Chinese occupation and, more recently, a 1979 border war. More than 70 Vietnamese sailors were killed in 1988 when the two sides battled off the Spratlys.





. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



ENERGY TECH
Venezuelans worry over high inflation
Caracas, Venezuela (UPI) Aug 11, 2011
As Venezuelan President Hugo Chavez undergoes cancer treatment in Cuba, the national economy's management he left in the hands of his trusted stewards is proving to be another test of nerves for economists, investors and ordinary consumers alike. With little sign of a two-year recession dissipating in response to consumer demand, official data indicated Venezuela's price index rose 2.7 ... read more


ENERGY TECH
Berlin considers Austrian power supply ahead of winter

Iraq power plans short-circuit

Boeing And Siemens Form Strategic Alliance for DOD Energy Modernization

Iraq PM moves to fire minister over power deals

ENERGY TECH
China's appetite for oil imports increases

Oil higher in Asian trade

China coal mine blast kills 10: official

Bright light for fuel cell market

ENERGY TECH
ACS Group sells Spain wind farm portfolio

Offshore wind power in the North Sea offer huge potential but enormous challenges

Scotland offshore wind farm ready to go

US fund Blackstone plans two big German wind farms

ENERGY TECH
World's biggest solar boat docks in Hong Kong

New phase completed on Ukraine solar plant

Hybrid solar system makes rooftop hydrogen

Largest solar plant approved for Calif.

ENERGY TECH
Status of nuclear power 2010

Japan to set up new nuclear watchdog

Germany's EON hit by historic quarterly loss, plans job cuts

Japan's TEPCO reports loss of $7.4 billion

ENERGY TECH
Metabolism in reverse: Making biofuels at full-throttle pace

To avoid carbon debt CRP beats fields of corn and soybeans

Report: Algae as fuel presents problems

High Energy Output From Algae-Based Fuel No Silver Bullet

ENERGY TECH
Toys for Tiangong

Why Tiangong is not a Station Hub

China to launch experimental satellite in coming days

Spotlight Time for Tiangong

ENERGY TECH
Malnutrition ravaging Somali refugees in Ethiopia

Border town a break for drought-fleeing Somalis

UCI studies find different reasons for global methane riddle

Species affected by climate change: to shift or not to shift?


Memory Foam Mattress Review
Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News
.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement