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Africa’s biggest investment takes shape under Islamist threat

By: Bloomberg     7th July 2020 Dozens of soldiers clutching AK-47s and grenade launchers watch over roaring bulldozers on the white sand beach that meets a tropical turquoise sea. They’re guarding Africa’s biggest investment: a $23 billion project to export Mozambique’s natural gas from an area increasingly besieged by an... 

Australian gas prices among lowest in Asia

3rd July 2020 New data by the International Gas Union (IGU) has shown that Australia’s average natural gas prices remained among the lowest in Asia. In its 2020 Wholesale Gas Price Survey, IGU showed that average wholesale gas price in Australia last year was around 40% less than the average wholesale price... 

Renergen and Total SA ink LNG distribution agreement 

By: Simone Liedtke     3rd July 2020 Emerging domestic natural gas and helium producer Renergen and Total South Africa have signed an agreement for the joint marketing and distribution of liquefied natural gas (LNG) through Total’s service stations. The first route targeted under the agreement will be the N3 between Johannesburg and... 

Qld invests in new exploration ventures

By: Esmarie Iannucci     16th June 2020 The Queensland government has announced a A$10-million funding package as part of its economic recovery plans to assist in funding exploration for new economy minerals and support mine technology innovators to drive future mine jobs. Premier Annastacia Palaszczuk said A$10-million in exploration... 

Australia facing stiff LNG competition

By: Esmarie Iannucci     12th June 2020 Australia could be facing increasing competition in the global supply of natural gas, the Australian Petroleum Production and Exploration Association (Appea) said this week. Pointing to a new report by the International Energy Agency (IEA), which showed that the global demand for natural gas is... 

Aus/US ink petroleum agreement

By: Esmarie Iannucci     3rd June 2020 The Australian government on Wednesday said that the formal inking of the US/Australia Strategic Petroleum Reserve Lease Agreement was part of the government’s actions to shore up fuel security in Australia and to enhance its ability to withstand global shocks. The agreement will allow Australia... 

Woodside predicts two year low oil price

By: Esmarie Iannucci     1st May 2020 Oil and gas major Woodside has warned shareholders that the low oil price environment could persist for the next two years. Speaking during the company’s annual general meeting, CEO Peter Coleman noted that the oil and gas industry had been confronted not only by the challenges presented by the... 

Mozambique expansion key for gas supplier

By: Darren Parker     10th April 2020 JSE-listed gas supplier Afrox has committed a R75-million capital investment to establish and develop a new regional branch in Pemba and an on-site store in Palma, both in Mozambique, over the next few years. Afrox Mozambique currently has no presence in the northern region of the country, which... 

Weekly Coal Index Report

8th April 2020 African Source Markets produces weekly commodity indices for standardised grades of coal. African Source Markets has given permission to Mining Weekly to publish these proprietary indices together with a brief market commentary, historical pricing and prevailing forward curve.  

Resources a key part to recovery - Minister

By: Esmarie Iannucci     1st April 2020 Federal Resources Minister Keith Pitt said that the federal and state and territory governments were working to ensure that critical resources projects kept operating during the Covid-19 pandemic. “The Australian resources sector is a key part of the Australian economy. The commodities... 

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