Ethiopia’s Ministry of Mines, Petroleum and Natural Gas (MMPNG) is negotiating with the Chinese company POLY – GCL Petroleum Group for the construction of Ethio-Djibouti natural gas pipelines.
Ethiopia is expected to commence drilling process in order to develop the 4.7 trillion cubic feet of natural gas deposit in Somali State, Ethiopia. The gas deposit is in particular found at Hilala, Calub and Genale areas of the State. According to Fana Broadcasting Corporate the drilling process has given good results.
Commenting on the development, Minister for MMPNG, Tolosa Shagi, said “We are negotiating with POLY-GCL to begin the construction of the 900km of pipeline which will allows the country to supply it natural gas to the global market via Djibouti.”
According to the Minister, the contract for the construction of the pipeline will be concluded in 3 months times.
Tolosa explained POLY – GCL is one of the firms licensed to engage in the exploration of natural gas in Ethiopia. It started drilling wells by assigning 40 to 50 million USD along with 2 imported modern drilling materials.
Thus far the Chinese company has drilled 3 wells from which it obtained good results. Construction of the necessary infrastructure has been completed, Tolosa explained.
Ethiopia aimed to export natural gas by 2019 and earned 1 billion USD every year, Tolosa noted.
Source: Fana Broadcasting Corporate
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