Tag Archives: natural gas

eC2: Optimal Contribution of Natural Gas in the Indonesian Economy

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energyDeadline: 03-Jul-2018 at 11:59:59 PM (Eastern Time – Washington D.C.)

The World Bank seeks the services of an internationally recognized consulting firm to conduct a study on the current and potential contribution of gas to the Indonesian economy as a basis for informing policy directions and specific reforms across a range of industrial, power, transportation and household uses. The work will evaluate the gas value chain in each use of gas to identify the direct and indirect economic benefits and co-benefits of gas use (e.g. pollution abatement, lower carbon, security). It will identify barriers to the optimal use of gas and opportunities to overcome these through policy actions and public investments, including inter alia gas price, allocation and fiscal regulations.

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World Bank Approves Largest Ever Guarantees for Ghana’s Energy Transformation

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Article originally posted on the World Bank website on July 30, 2015. The project website for the Ghana Sankofa Gas Project can be found here, which also features the detailed Project Appraisal Document.

The World Bank’s Board of Directors today approved a record investment of $700 million in guarantees for Ghana’s Sankofa Gas Project – a transformational project that will help address the country’s serious energy shortages by developing new sources of clean and affordable natural gas for domestic power generation.

The Board approved a unique combination of two guarantees for the Project – an IDA Payment guarantee of $500 million that supports timely payments for gas purchases by Ghana National Petroleum Corporation and an IBRD Enclave Loan guarantee of $200 million that enables the project to secure financing from its private sponsors. Together, the guarantees are expected to mobilize $7.9 billion in new private investment for offshore natural gas, representing the biggest foreign direct investment in Ghana’s history.

The exploration and commercialization of the gas will be carried out by two private investors, Eni of Italy and Vitol Group of the Netherlands

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