maakhiri1

Ethiopia eyes 1 bln USD annual revenue from Chinese-discovered natural gas

Recommended Posts

Ethiopia eyes 1 bln USD annual revenue from Chinese-discovered natural gas

Source: Xinhua 2018-04-12 04:19:18

ADDIS ABABA, April 11 (Xinhua) -- The Ethiopian government on Wednesday announced its plan to generate close to 1 billion U.S. dollars on annual basis from the recently discovered natural gas.

The 7 to 8 billion cubic trillion feet (TFC) of natural gas in Ethiopia's Somali regional state was recently discovered by the Chinese firm Poly-GCL.

"We are expecting a one billion U.S. dollar revenue from gas export in the first year of operation, anticipating the figure would rise in the subsequent years due to the huge reserve," Ethiopian Minister Mines, Natural Gas and Petroleum, Motuma Mekassa, was quoted by state newspaper on Wednesday as saying.

Mekassa also said that due to the expensive nature of the processing procedures an agreement was reached with the Chinese Poly-GCL to install a pipeline and transport the gas to Ethiopia's neighboring country Djibouti.

According to Mekassa, the Chinese firm is also expected to build a Liquefied Natural Gas (LNG) plant in Djibouti Port so as to process the natural gas and export it to China.

He also revealed an ongoing negotiation between the Chinese Poly-GCL and Djibouti's government in the construction of the pipeline and liquefied gas plant, in which the Ethiopian government is helping the two parties reach the final agreement.

The gas discovery is a great phenomenon which is expected to make a meaningful contribution in sustaining country's rapid economic growth in the years to come, according to Mekassa.

"Ethiopia has witnessed non-oil driven economic growth for over a decade and the discovered gas is essential in diversifying the economy and enlarging natural resources contribution to the country's GDP," he explained.

The energy sector is one of Ethiopia's priorities as the country envisaged to become a light manufacturing hub in Africa and a middle-income economy by 2025.

Officials at the Ethiopian Ministry of Water, Irrigation and Energy (MoWIE) on Monday told Xinhua that Ethiopia is presently working to reach 17,300 MW of energy by the end of 2020, from the current 4,280 MW of energy through energy projects in hydro, wind, geothermal and biomass energy.

Share this post


Link to post
Share on other sites
galbeedi   

We should never allow a natural gas or other hydrocarbons in the occupied Somali zone, period. Until the status of the region is determined.

The Ethiopian dictatorship must change first.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Restore formatting

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Similar Content

    • By Come Learn Somali
      "Waan haraadanahay = I am thirsty"
      "Waan qoslayaa = I am laughing"
      "Waan Fakarayaa = I am thinking" 
      "Waan fiirinaya = I am looking"
      - http://learnsomali.com/basic/ereyo-maalmeed-everyday-words/#comment-854
      I say it like the following respectively:
      "Waan omanahay"
      "Waan qosloya"
      "Waan f iikiroya"
      "Waan f iirinoya"
       
      Edits: 
      I never heard of "haraad". 
       
      I think the site has issues with lowercase double "i" s together. Thus I put a space so that it shows clearly. 
    • By Come Learn Somali
      I'm trying to better understand the Somali Dialects, who can help me? 
      First, I'm unsure about if these are all the same, or how they are related: Xamar, Mogadishu,  and Banadiri. Likewise, Koonfur, and Banadiri dialect(s). 
      Moving on, I heard that Northern Somali dominates the media: music industry, news, etc., and maybe even the education system as in it's a dialect chosen for teaching. While Southern Somali is the most commonly spoken of all the dialects, and the two dialects (Northern, and Southern) are the most common of all the dialects. Do you think that is the case?
      Feel free to share any other relevant insights.
      I came across this photo long ago. Though I think I also came across another link that said it's wrong: 
      Somali languages - Wikiwand
      WWW.WIKIWAND.COM The Somali languages form a group that are part of the Afro-Asiatic language family. They are spoken as a mother... Thank you for your help in advance. My internet is having issues, so I might be unable to respond for a while. 
       
       
    • By SomalinmyDNA
      Somali men have become like female like. Now, hear me out before you call me a misogynist, sexist or anti women. 
      What I mean by this is lately i have been hear and see alot of Somali men on conference call/paltalk/qalka etc whatever they call it. They chit chat it these married and unmarried women for hours and hours. You might say what is wrong with that, they are having fun, it's there life etc. And you are correct. It's their life and there is nothing wrong with a person trying to killed bored. But if this becomes the norm of all  Somali men on these types of lines/calls mostly talking about sexaul and other dirty talks and some politics etc than what will the future for Somalis look like? 
      Who are the future of Somalis and Somalia?
    • By SomalinmyDNA
      https://youtu.be/vpzfbT2JEys