DR Congo Awards Gas Blocks To North American Producers

0 571

Democratic Republic of Congo has awarded licences to three natural gas blocks in Lake Kivu on its eastern border to North American producers.

Report says the Makelele block was awarded to RED, a local subsidiary of United States-based Symbion Power.

The Idjwi block went to another US company, Winds Exploration and Production LLC.

While the Lwandjofu block was won by Canada-based Alfajiri Energy.

The hydrocarbons ministry Didier Budimbu said the production sharing contracts will be signed within 15 days, and some production is expected to start as early as next year.

Mr. Budimbu said he hoped the Symbion Power block would begin producing in 2024.

Symbion Power’s chief executive officer, Paul Hinks told said that production next year could be possible “if everything goes well.”

He said the process required tapping gas that is saturated in lake water more than 400 metres below the surface.

The gas block auction was part of a licensing round that included 27 onshore oil blocks. Some of the oil blocks were in Congo’s rainforest and peatlands, raising environmental concerns.

Mr. Budimbu said the oil blocks tender was due to end on January 29 but he was considering postponing the deadline to allow the allocation of more blocks.

Congo is hoping to emulate neighbouring Rwanda and use vast amounts of methane underneath the lake to generate electricity that can be used to fire fertilizer and cement manufacturing.

 

REUTERS/Christopher Ojilere

Leave A Reply

Your email address will not be published.