The government of Kenya is negotiating with Sahara Groupâs subsidiary, Asharami Synergy Plc, to construct a 30,000-ton facility to store liquified petroleum gas (LPG).
The deal reportedly involves state-owned Kenya Pipeline Co. forming a joint venture with Asharami Synergy Plc to construct a common user terminal in Mombasa, which will be East Africaâs LPG storage and bottling facility.
The mega facility is expected to be finished in 24 months and will be financed by Asharami. The deal is expected to be signed by the end of July.
According to a Bloomberg report, Kenya Pipeline Co. will provide the land for the project in the port city of Mombasa.
The project is expected to help Kenya access universal clean cooking energy by 2030.
Reports say President William Ruto has been championing the country to become a leader in green energy in Africa.
Ruto aims to double the current per capita usage of LPG, which currently stands at 7kg.
The report said that Kenya Pipeline Managing Director Joe Sand disclosed that the country is also working to bring a private sector firm on board for the new cooking gas facility.
The East African country is also negotiating with Saudi Aramco, with the discussions focused on acquiring a floating LPG barge.
Sang disclosed the countryâs efforts to improve its energy infrastructure and support its energy goals.
Nigeria is one of the leading gas producers globally, Africaâs largest oil producer, and has significant expertise in the energy sector.
Sahara Group, Asharamiâs parent company, is a leading energy giant in Nigeria and has been driving innovation and growth in Africaâs energy markets.
The development follows a recently signed deal between the Nigeria National Petroleum Company Limited (NNPC) and TotalEnergies to boost domestic gas production.
The NNPC and TotalEnergies signed a $550 million gas project to develop the Ubeta gas field
The Ubeta is a low-emission and low-low-cost development, using OML 58 and existing gas processing facilities
Nigeria is set to increase its domestic gas availability by investing $500 million in the Ubeta gas field development project.
The final investment (FID) was signed by the Nigerian National Petroleum Company Limited (NNPC) and TotalEnergies, the operator of the OML 58 license where the Ubeta field is situated.
Nigeria is set to increase its domestic gas availability by investing $500 million in the Ubeta gas field development project.
The final investment (FID) was signed by the Nigerian National Petroleum Company Limited (NNPC) and TotalEnergies, the operator of the OML 58 license where the Ubeta field is situated.
