Gas-purchase agreement buoys Kudu gas hopes
A purchase agreement for gas from the Kudu field has left operator BW Offshore hopeful of reaching an FID on the project in H1 2018 A purchase agreement for gas from the Kudu field has left operator BW Offshore hopeful of reaching an FID on the project in H1 2018.
12 January 2018
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Power lines in Namibia. (Nampower)
Kudu gas field operator BW Offshore is seeking to reach an FID for the upstream portion of the long-delayed Namibian venture in the first half of 2018, contingent on discussions with a financing partner, the company has said.
BW still faces counterparty risk given Namibia’s sluggish economic prospects, and it will need to obtain insurance guarantees from third-party institutions to tie up the plan, sources have told Interfax Natural Gas Daily.
The company signed a gas-purchase agreement (GPA) with Namibia’s state electricity company, NamPower, at the end...
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