Petroleum Africa
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Monday, May 7, 2018
Poly-GCL Petroleum Investments Limited plans to start producing gas on Ethiopia’s Calub gas field in June. The Calub field is estimated to hold 2.7 Tcf of natural gas.
The initial phase of production consists of extracting gas condensate on a small scale. “The gas production will start as a pilot project next month. The company will supply the gas condensate for local manufacturing industries such as cement factories,” sources told The Reporter. Eight gas production wells have been drilled and made ready for production.
The gas condensate will be transported by fuel tanker trucks and will be delivered to factories. “The gas will replace the fuel oil (furnace oil) which is currently imported. Eventually, the locally produced gas condensate can fully replace the imported fuel oil. And this would be play its own share in the country’s strides to implement import substitution programs. It will help the government in addressing the foreign currency crunch,” sources said.
According to the Ministry, Poly GCL will build an LNG plant in Djibouti that would change the gas into liquid natural gas which will be exported to China with special LNG vessels. The total cost of the gas development project is estimated at $4 billion dollars. The Ministry said Poly GCL would start exporting gas by 2021.
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