ENERGY FOCUS REPORT FEBRUARY 2020

ENERGY FOCUS REPORT FEBRUARY 2020


A.   INDUSTRY HIGHLIGHTS AND GLOBAL TRENDS
 
NIGERIA
 
Oil and Gas

Ø  Nigeria’s oil production threatened as OPEC mulls further output cuts on Coronavirus spread

Ø  Shell sees oil production in Nigeria hit 5-year high

Ø  Nigeria’s planned increase in modular refinery capacity may have hit dead end

Ø  NNPC swapped N3.04trn crude for refined products in 12 months

Power

Ø  FG seriously plans to overhaul power sector privatization

Ø  FG plans predictable regulatory regime in power sector

Ø  National Assembly to enact laws to facilitate development of national mini-grids

Ø  FG, IOCs, others set to improve Nigeria’s electricity output

 

Alternative Energy

Ø  REA MD/CEO meets with U.S. mini grid developer, MCA Sun Africa

Ø  UK pledges N28.6bn to clean energy projects in Nigeria, Africa

Ø  REA MD/CEO meets with Korean Ambassador over renewable energy projects

FG targeting N20bn revenue from mining…continue reading