"Connecting LPG Demand Growth, Export & Infrastructure Needs"
LPG consumption on the African continent is huge in potential with varying demand and requires much overcoming of barriers.
The overall average LPG consumption in Africa region is 3 kg per person, whereas North Africa recorded an average LPG consumption of 53 kg per person per year. In Sub-Sahara Africa, per year consumption is only 2.5 kg per person, and less than 1 kg per person in Nigeria.
Nigeria with its huge population is one of the largest LPG potential markets in the world. Experts believe that with the right regulation and enforcement, Nigerian LPG market could potentially grow to nearly 200 million tons per year next year.
National Oil, Kenya's state-owned oil company, forecasted growth in Liquefied Petroleum Gas (LPG) consumption as the country's middle class expands and consumers shun inefficient and hazardous traditional wood fuel. Construction of LPG terminals have encouraged this demand growth and aid supply distribution of LPG. The increased use of LPG in Kenya has not been without challenges with key among them being the proliferation of illegal LPG operators.
Despite the significant opportunity, the most important barriers that must be overcome to successfully create new LPG markets include the Policy Environment, Accessibility, Affordability and Awareness.
Speakers confirmed to-date:
CMT's inaugural Africa LPGtrade Summit is held in West Africa where potential is greatest - held on 7 - 9 May 2014 in Accra, Ghana. The summit will bring together the senior executives and decision-makers from LPG exporting, importing, marketing and distribution companies with government representatives, investors, regulators, financial institutions and suppliers of cylinders, technologies and accessories.
The objective of this summit is to facilitate discussion and partnerships to promote regional and international trade of LPG and the following:
Outlook of the Africa LPG Production (Angola, Nigeria, Algeria, etc)
Opportunities to Meet Rising LPG Demand Growth in Africa
Evolving Consumption Patterns & Pricing Trends
Case Studies of Successful Implementation of Import Facilities & Distribution in South Africa and Asia
Investment Requirement for LPG Distribution & Infrastructure (Transportation & Storage, etc) in Africa
Current LPG Application in Africa: Residential, Autogas, etc
Ghana to produce its own gas from May 2014
Posted on : 06 Mar, 2014
Ghana Gas Company has confirmed that in May 2014, the Ghana Gas Infrastructure Project at Atuabo in the Western Region will be complete and help the country produce its own gas. The project was originally supposed to be completed by end of December, 2013, but due to technical reasons it was delayed.
Nevertheless, now the project is said to be complete and process 150 million Standard Cubic Feet of raw gas per day from the Jubilee Oilfield.
Apart from processing gas, the project is slated to separate raw gas into various components such as lean gas, liquefied petroleum gas (LPG), natural gas liquid as well as other mineral residues like propane and bitumen.
Ghana has partnered with various foreign companies such as China's Sinopec - the lead contractor in the project as well as Aecom from the USA, Thermo Design Engineering from Canada, Yokogawa from Japan, Technip from France and Worley Parson from the UK.
The project, once complete, will go a long way in reducing the cost of power generation in Ghana while also enabling power supply in the country.
More on Africa's gas projects is underway at CMT's Africa LPG Summit on 7-9 May, 2014 in Accra, Ghana.
For latest updates on the event, visit the official website, or contact Ms. Huiyan at email@example.com / call +65 6346 9113.
Statoil and ExxonMobil to invest up to USD 30 billion in LPG production in Tanzania
Posted on : 12 Dec, 2013
In the next ten years, up to USD 30 billion will be invested by Norway's Statoil and United States based ExxonMobil for LPG production in Tanzania.
Over USD 1 billion have already been spent in drilling exploration wells at Zafarani, Lavani and Tangawizi, situated between Kilwa and Mtwara in the deep sea. A part of the investment will also be earmarked for construction of pipelines and LPG processing plant at a location, which will be decided later.
Statoil and ExxonMobil have deployed an exploration team that is drilling more wells in the deep sea. The team comprising of about 20 locals as well as foreigners will conduct the exploration for the next 36 months.
The exploration began after Statoil and ExxonMobil discovered three trillion cubic feet of natural gas at Lavani well and one trillion cubic feet along with an earlier 5 Tcf discovery in the Zafarani sidetrack in the same block.
The officials are hopeful that after the exploration they will be able to find the minimum recoverable volumes of natural gas to go into commercial production by 2016 or 2017 and thereafter production can actually begin in 2021. Market performance, especially price of gas will also determine the decision to go into commercial production.
In this partnership, Statoil holds a 65 per cent stake and an operating licence on 5,500-square-kilometre Block 2 on behalf of Tanzania Petroleum Development Corporation (TPDC), while ExxonMobil has a 35 per cent stake.
More of similar updates will be shared at Africa LPG Trade Summit on 07-09 May, 2014 in Accra, Ghana.
For latest updates on the event, visit the official website, or contact Ms. Huiyan firstname.lastname@example.org / call +65 6346 9113.
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Rani is an LPG Consultant at Poten's London office. He joined Poten from Trafigura in 2010, where he was part of their Graduate Programme, working on shipping time charters and the gasoline desks. Rani also interned in the commodity trade finance group at Credit Agricole Suisse. Rani holds a Bachelor's Degree in Banking and Finance from the Lebanese American University in Lebanon, an MSc in Shipping, Trade and Finance from CASS Business School in London and an MSc in Risk Management and Financia....Read more
Mr.Rani Ousta, LPG Consultant
Poten & Partners (UK) Ltd
International LPG Dynamics - Increased Competition for African Exports & Netbacks Under Pressure
Day 1 [Wed 07, May], at 09:50 AM
Global LPG Shipping & Freight Rate Markets - Challenges & Directions of the VLGC market
Day 2 [Thu 08, May], at 10:15 AM
Mr. Kwabena Agyei-Boahene is the Director responsible for New Business and External Markets. Mr. Agyei-Boahene obtained a BA degree in Geography and Resource Development with Sociology from the University of Ghana in 1989. He holds a Graduate Diploma in Communication Studies from the same university in 1991. Mr. Agyei-Boahene has over 22years experience in business development, sales & marketing, customer service, logistics planning and analysis in the petroleum downstream.
As LPG M....
Mr.Kwabena Agyei-Boahene, Director - New Business & External Markets
Ghana - LPG Market Development & Growth
Day 1 [Wed 07, May], at 11:10 AM
Ms Ama Lokko is a born entrepreneur. She is a woman of many facets. She is able to take on multiple tasks and work them seamlessly. In spite of the fact that she was born with the talent of an entrepreneur she has also had the opportunity to be trained in EMPRETEC, IFC Business Growth program, GIMPA and Pretoria school of management.
She is a....
Ms.Ama Lokko, CEO
Namas B. Company Ltd.
Local Operator's Perspective on LPG Distrbution in Ghana
Day 1 [Wed 07, May], at 11:45 AM
Mr. Adedayo Olufunmilade Adeshina is the Managing Director of Strategic Energy Limited, Lagos, Nigeria. He is a graduate of Business and Finance from University of Wolverhampton and has attended various LPG courses at the college of petroleum Oxford; this includes LPG Economics, Supply, International trading, Shipping contracts and Price Risk M....
Mr.Dayo Adeshina, Managing Director
Strategic Energy Limited
LPG Market Develoment in West Africa: Infrastructural/Regulatory Challenges & Opportunities
Day 1 [Wed 07, May], at 02:15 PM
Day 2 [Thu 08, May], at 11:45 AM