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RUSSIA SLASHES LNG PRICES FOR CHINA AS SANCTIONS BITE.
Chinese buyers are snapping up deeply discounted Russian LNG after Novatek cut prices by up to 40%, ending months of unsold cargoes from the heavily sanctioned Arctic LNG 2 project. The move highlights how Western sanctions are struggling to contain Moscow’s energy revenues as Beijing steps in with state-backed support. Meanwhile, Washington faces a dilemma over enforcing its own measures without jeopardising U.S. China energy ambitions.
- 8 months, 3 weeks
TANZANIA SET TO LEAD THE REGION WITH ITS 42 BILLION USD LNG PROJECT.
Tanzania’s 42 billion US dollar LNG project offers massive economic potential but depends entirely on speed, policy stability and credible execution. The country now faces a narrow window to secure investment before global LNG competition overtakes it.
- 8 months, 3 weeks
NATIONAL STRATEGY TARGETS 80% OF TANZANIANS USING CLEAN COOKING ENERGY BY 2034.
The Tanzanian government aims for 80% of households to adopt clean cooking energy by 2034. Nationwide communication and collaboration across sectors are key to achieving this goal.
- 8 months, 4 weeks
WORLD OIL AND GAS DEMAND COULD GROW UNTIL 2050, IEA SAYS.
Global demand for oil and gas is projected to keep rising until 2050, according to a new forecast from the International Energy Agency (IEA). The agency’s latest report marks a major shift from its earlier outlooks, which predicted a near-term peak driven by cleaner energy adoption. Instead, the IEA now warns that the world’s transition to renewables is moving too slowly to meet climate targets signaling a longer future for fossil fuels and a tougher road toward net zero.
- 9 months
TANZANIA’S IMPORTS GROW MODESTLY AS OIL PRICES DECLINE.
Tanzania’s imports rose slightly by 4.5% to USD 17.42 billion, mainly due to reduced oil import costs following lower global prices. While industrial and infrastructure-related imports grew, service payments also increased over the year. The country’s primary income deficit widened due to higher payments abroad, and the secondary income surplus shrank because of fewer personal transfers. Overall, the economy benefited from reduced fuel costs but faced challenges from rising external financial obligations.
- 9 months
KENYA MOVES TOWARD COMMERCIAL OIL PRODUCTION IN TURKANA.
Kenya is on the verge of launching commercial oil production in Turkana after the government approved and forwarded the Field Development Plan by Gulf Energy E&P B.V. for parliamentary ratification. This milestone, following Tullow Oil’s exit, is expected to accelerate energy development, boost exports, and position Turkana as a key player in Kenya’s petroleum sector.
- 9 months
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