EMerging Equity
energy crisis
Solving South Africa’s Energy Crisis
By Steve Hedden Sustained power cuts, caused by under-investment and a shortage of generating capacity, have damaged the South African economy. The response has been a belated thrust towards more power supply, from a combination of coal-fired power plants, oil and gas, wind and solar, and potentially a fleet of new nuclear power stations. Fixing … Continue reading
“Supergiant” Gas Field Could Transform Egypt’s Energy Industry
By David Wille The discovery of a massive natural gas field could take pressure off of Egyptians suffering from a historic energy crisis. But the find throws into question a pending deal with Israeli companies to import gas and takes pressure off the Egyptian government for much-needed reforms. On August 30, Italian energy giant Eni … Continue reading
How Can Africa Fulfill Its Potential For Energy Production?
By Martin Ganda South Africa’s City Press reports that Turkish company Karadeniz Energy Group has offered to help to solve South Africa’s power problems by supplying its Powerships. Some African countries, like Ghana, get electricity from Powerships; floating power stations that connect to the grid and are powered by oil or gas. If this demonstrates anything, it is how Africa’s power scarcity … Continue reading
Hopes High In Pakistan To Solve Energy Crisis With Iran-Pakistan Pipeline, Following Landmark Nuclear Deal
Pakistan is hoping to benefit from a historic nuclear deal that Iran and six major world powers (P5+1) reached on Tuesday, following over a decade of negotiations with an agreement that could transform the Middle East. Pakistan has been struggling with an energy crisis as rolling blackouts for several hours a day are common in its urban and rural areas … Continue reading
Nigeria Faces Another Crisis As Govt Faces “Severe Financial Strain” With “Empty Treasury” To Pay For Fuel Subsidies
Nigeria is likely to be hit by fuel shortages in the approaching weeks as government funds run low and they won’t be able to support payments for gasoline subsidies, Bloomberg reports, citing the head of Seplat Petroleum Development. “In three weeks we will be back to scarcity because we simply don’t have the money to … Continue reading
Deal Reached To End Fuel Crisis in Nigeria
Nigeria’s fuel wholesalers say they have reached a deal with the government to resume fuel distribution, ending a crisis that brought Nigeria’s economy to a standstill as airlines were forced to ground flights and banks to phone companies faced shutdowns. The Major Oil Marketers Association of Nigeria (MOMAN) said Monday following a meeting with Nigeria’s finance minister that it … Continue reading
As Energy Crisis Deepens, South Africa Is Left In The Dark
By Helmo Preuss In March 2015, the South African taxpayer-owned electricity utility Eskom only had to impose load shedding for two days. Despite this, the general perception is that the utility remains in crisis, constraining the South African economy. Data from February and March, however, shows that the South African economy continues to perform well … Continue reading
China To Build $2 Billion Natural Gas Pipeline From Iran To Pakistan, WSJ Says
China will build a natural gas pipeline from Iran to Pakistan to help address Pakistan’s severe energy shortage, The Wall Street Journal (WSJ) reported on Thursday. The natural gas pipeline, dubbed the “Peace Pipeline”, will provide much needed natural gas from Iran, home to the world’s second largest reserves, to energy-deprived Pakistan. “We’re building it. The process has … Continue reading
BP Says Plans To Invest $12 Billion In Egypt Gas Fields
British energy giant BP said on Friday that it had reached an agreement with its partners to invest around $12 billion on gas fields in Egypt, Reuters reported. The investment will be on the West Nile Delta (WND) in a project aimed at developing 5 trillion cubic feet of gas resources and 55 million barrels of condensates, according to the … Continue reading
South Africa’s Power Crisis Takes A Toll On Its Economy
South Africa’s deepening power crisis, the worst crisis since 2008, triggers nearly daily outages across the nation which has impacted key industries in addition to households, has taken a toll on its economy. In 2014, South Africa’s economic growth came it at a paltry 1.5%, which is the lowest rate of growth in five years, the Financial Times (FT) reports. Although … Continue reading
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