AGP Executive Report
Last update: an hour agoNigeria Gas & Power: Bayelsa’s 60MW gas-fired plant is in phased testing, with residents in Yenagoa reporting improved supply, while billing and distribution responsibilities remain a flashpoint. Oil & Refining: Dangote Refinery cut Nigeria’s jet fuel (ATK) gantry price by N100 to N1,450/litre, following a recent petrol price reduction, as PETROAN urges further local price drops. Local Content: The African Energy Chamber says indigenous Nigerian firms are taking more of the oil and gas pie as foreign operators reduce onshore exposure, with local companies now driving over half of output. Renewables Policy: ECOWAS Parliament adopted resolutions for accelerated renewable energy and rural electrification, backing mini-grids/off-grid systems, financing reforms, and stronger oversight. Egypt Power Security: Scatec’s Obelisk hybrid solar-plus-storage project could cut Egypt’s LNG import bill by up to $400m/year, easing commodity-price exposure. Fuel Prices: Zimbabwe reduced petrol and diesel to just under $2/litre after Strait of Hormuz reopening eased global crude pressures. Energy Markets: OPEC projects LPG demand to double by 2050, with growth driven by residential cooking and petrochemicals across Africa and India.
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