{"id":9547,"date":"2020-12-14T20:10:14","date_gmt":"2020-12-14T20:10:14","guid":{"rendered":"https:\/\/oilnewskenya.com\/?p=9547"},"modified":"2020-12-14T20:10:14","modified_gmt":"2020-12-14T20:10:14","slug":"the-uks-decision-to-halt-funding-for-new-oil-gas-projects-ill-founded-and-counter-productive","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/the-uks-decision-to-halt-funding-for-new-oil-gas-projects-ill-founded-and-counter-productive\/","title":{"rendered":"The UK’s Decision to Halt Funding for New Oil & Gas Projects Ill-founded and Counter productive"},"content":{"rendered":"

The United Kingdom has recently declared that it will stop support and funding to any new oil, gas and coal projects on the 5th<\/sup>\u00a0anniversary of the Paris Agreement. While this is a setback, we must continue to be unwavering in our commitment to stand up for Africa’s energy sector, its workers, energy poverty and those free-market values that will make our continent attractive to committed energy investors.<\/p>\n

The decision follows, among others, opposition to the recently announced support of the UK Export Finance’s (UKEF) for Total’s 12.88 mtpa Mozambique LNG export terminal in Cago Delgado. It is troubling that an aggressive foreign-funded anti-African energy campaign continues to undermine the potential of making Mozambique an oasis for gas monetization and meeting our increasing energy demands.<\/p>\n

I will personally return to Mozambique next week and will engage with the country’s leadership and the energy industry. Dropping investments for LNG projects in Mozambique after pressure from uninformed extremist groups in the UK and claiming it’s for climate change is a publicity stunt by the Johnson administration and not factual. I understand they have to find a way to take off the anti-African energy pressure from Greenpeace and Friends of the Earth.\u00a0 The UK’s decision is poorly informed and highly hypocritical. This highly hypocritical decision comes at a time when Western governments should, in fact, be increasing their investment in Mozambique and Africa rather than focus on failed foreign aid and handouts.<\/p>\n

We in Africa must continue working hard on saving for the future; diversifying our economies through gas monetization; and improving the lives of Mozambicans and Africans. We will continue in our commitment to finding solutions to the global challenge of climate change and at the same time continue to be a major contributor to Mozambique and African economies through taxes, employment and buying goods and services from businesses across this country.<\/p>\n

The energy industry and more specifically oil and gas companies operating in Africa, need to do a better job when it comes to communicating their efforts to reduce carbon emissions, energy poverty, create opportunities for local businesses, moving people out of poverty and putting countries on a path to a better future to prevent the continued exodus of large funds from the sector and Africa.<\/p>\n","protected":false},"excerpt":{"rendered":"

The United Kingdom has recently declared that it will stop support and funding to any new oil, gas and coal projects on the 5th\u00a0anniversary of the Paris Agreement. While this … Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":8918,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7445,11],"tags":[63,8469,3953,1428,1636,1835,2616,7906],"class_list":["post-9547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-southern-africa","category-top-news","tag-africa","tag-friends-of-the-earth","tag-greenpeace","tag-lng","tag-mozambique","tag-oil-and-gas","tag-uk","tag-uk-export-finance","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/08\/LNG.jpg?fit=660%2C435&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-2tZ","jetpack-related-posts":[{"id":14773,"url":"https:\/\/www.oilnewskenya.com\/index.php\/the-african-energy-chamber-aec-lauds-us-for-supporting-mozambique-lng-project-after-exim-bank-re-authorizes-4-7b-loan\/","url_meta":{"origin":9547,"position":0},"title":"The African Energy Chamber (AEC) Lauds US for Supporting Mozambique LNG Project After EXIM Bank Re-Authorizes $4.7B Loan","author":"","date":"March 19, 2025","format":false,"excerpt":"The African Energy Chamber (AEC) has expressed its sincere appreciation to the Trump administration for its unwavering support in advancing the Mozambique LNG project, a monumental initiative led by TotalEnergies that is set to reshape the energy landscape in Mozambique and across Africa. The U.S. Export-Import Bank has approved its\u2026","rel":"","context":"In \"Mozambique\"","block_context":{"text":"Mozambique","link":"https:\/\/www.oilnewskenya.com\/index.php\/tag\/mozambique\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/09\/Mozambique-Rovuma.jpg?fit=620%2C310&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/09\/Mozambique-Rovuma.jpg?fit=620%2C310&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2024\/09\/Mozambique-Rovuma.jpg?fit=620%2C310&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":695,"url":"https:\/\/www.oilnewskenya.com\/index.php\/east-africa-the-newest-lng-frontier\/","url_meta":{"origin":9547,"position":1},"title":"East Africa: the newest LNG frontier","author":"Samuel Kamau Mbote","date":"March 12, 2014","format":false,"excerpt":"Story by LNG With extraordinary discoveries of natural gas in the Rovuma Basin, East Africa is emerging as a new LNG frontier. The International Energy Agency (IEA) estimates that Africa holds nearly 74 trillion m3\u00a0of technically recoverable natural gas reserves, nearly 10% of the world\u2019s total, and it is believed\u2026","rel":"","context":"In "News by others"","block_context":{"text":"News by others","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/news-by-others\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11333,"url":"https:\/\/www.oilnewskenya.com\/index.php\/friends-of-the-earth-initiate-suit-against-britain-over-mozambique-lng-project-financing\/","url_meta":{"origin":9547,"position":2},"title":"Friends of the Earth Initiate Suit Against Britain over Mozambique LNG Project Financing","author":"","date":"December 8, 2021","format":false,"excerpt":"Environmental lobby group Friends of the Earth has taken Britain to the London High Court to challenge approval for government funding in Mozambique LNG project which it argues goes against the country's compliance with the Paris Agreement according to Reuters. In its prayers the lobby wants the court to overturn\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Friends-of-the-Earth-Mozambique-LNG.jpg?fit=860%2C573&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Friends-of-the-Earth-Mozambique-LNG.jpg?fit=860%2C573&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Friends-of-the-Earth-Mozambique-LNG.jpg?fit=860%2C573&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/12\/Friends-of-the-Earth-Mozambique-LNG.jpg?fit=860%2C573&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":10017,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africa-lng-report-out-now-mozambique-at-forefront-of-global-gas-development\/","url_meta":{"origin":9547,"position":3},"title":"Africa LNG Report Out Now: Mozambique at Forefront of Global Gas Development","author":"","date":"March 2, 2021","format":false,"excerpt":"Africa Oil & Power (AOP)\u00a0has launched its\u00a0Africa Energy Series: Africa LNG Special Report 2021,\u00a0dedicated exclusively to Liquefied Natural Gas (LNG) developments and investment across the continent; driven by new discoveries and progressive gas-focused policies, Africa\u2019s LNG consumption and production is set to become one of the fastest growing sub-sectors globally\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/78c065d58bb81a5a0e0bc52629050b06.jpg?fit=800%2C450&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/78c065d58bb81a5a0e0bc52629050b06.jpg?fit=800%2C450&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/78c065d58bb81a5a0e0bc52629050b06.jpg?fit=800%2C450&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/03\/78c065d58bb81a5a0e0bc52629050b06.jpg?fit=800%2C450&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":9178,"url":"https:\/\/www.oilnewskenya.com\/index.php\/mozambique-lng-project-could-be-transformational-for-mozambique-if-western-environmentalists-dont-interfere\/","url_meta":{"origin":9547,"position":4},"title":"Mozambique LNG Project Could Be Transformational for Mozambique – If Western Environmentalists Don\u2019t Interfere","author":"","date":"September 21, 2020","format":false,"excerpt":"By NJ Ayuk, Executive Chairman, African Energy Chamber When Anadarko Petroleum Corp. confirmed last year it would be constructing a $20 billion liquified natural gas (LNG) plant in Mozambique, this was major news. Mozambique\u2019s first onshore LNG plant would be creating tens of thousands of jobs -\u00a0and contributing to sustainable,\u2026","rel":"","context":"In "Countries"","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/e366e81a865a4f522096c1f1236023a2.jpg?fit=800%2C401&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/e366e81a865a4f522096c1f1236023a2.jpg?fit=800%2C401&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/e366e81a865a4f522096c1f1236023a2.jpg?fit=800%2C401&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2020\/09\/e366e81a865a4f522096c1f1236023a2.jpg?fit=800%2C401&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":14717,"url":"https:\/\/www.oilnewskenya.com\/index.php\/africas-role-in-global-liquefied-natural-gas-lng-markets-potential-and-risks\/","url_meta":{"origin":9547,"position":5},"title":"Africa’s Role in Global Liquefied Natural Gas (LNG) Markets: Potential and Risks","author":"","date":"February 17, 2025","format":false,"excerpt":"By NJ Ayuk, Executive Chairman, African Energy Chamber The State of African Energy 2025 Outlook provides an overview of the dynamics of Africa\u2019s involvement in the global LNG sector. 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