Wentworth Resources Limited announced an increase in production of natural gas in Mnazi Bay, Tanzania, in November 2020. The increase in demand caused the production at the Bay to rise by 18% to 68.8 Million standard cubic feet per day (MMscf/d) in Q3 2020, compared to 58.3 MMscf/d (gross) for H1 2020.
The company cites the lifting of COVID-19 restriction as a boost to the company as production volumes rose during Q4 2020. In November 2020, the volume-averaged 74 MMscf/d. There was a low operational cost of production of $1.72/Mscf, compared to $1.88/Mscf recorded in 2019.
Mnazi Bay, which is one of the two main gas processing facilities in Tanzania, can supply volumes of 100 MMscf/d (gross).
The other processing plant is the Songo Songo Gas project which is being operated by Orca Energy. The total output of Songo Songo was 95.5 MMscf/d. Below is the breakdown:
- Gas supplied directly to Industries – 13.4 MMscf/d
- Gas supplied to the Power Sector – 47.5MMscf/d
- Protected Gas – 31.6MMscfd
Overall output in Q3 2020 increased by 19% in comparison with the 77.8 MMscf/d supplied at the Songo Songo plant in Q2 2020.
MALAWI INCREASES PRICES OF FUEL
The Malawi Energy Regulatory Authority (MERA) has increase fuel prices in response to the Malawian Kwacha currency’s weakness against the US dollar by 3.37% since May 2020, which has also led to an increase in the cost of importing fuel.
The spokesperson of MERA, Fitina Khonje, made this known while addressing the media on Wednesday, 16thNovember 2020. Khonje said the Authority had increased the pump price of petrol by 20.87% from K690.50 to K834.60 and diesel by 24.31% from K664.80 to K826.40 to reflect the weakened kwacha and a soaring inflation rate. Paraffin also increased from K441.70 to K613.20 representing 38.83%.