As countries push for ambitious climate goals at the ongoing UN Climate Change Conference (UNFCCC COP 29) in the Azerbaijan capital, Baku, Uganda has revealed strategic plans of gradual decarbonising through an ambitious mix that is congruent to national, regional, and continental realities of energy poverty. This year’s UN climate powwow, which opened on Monday, November 11, is themed ‘’In Solidarity for a Green World’. Speaking at a fireside event on investing in Energy, Resilience and Nature in Africa, Energy Minister Ruth Nankabirwa highlighted Uganda’s strategic goal of becoming a regional energy supplier, supported by Uganda’s leadership in the establishment…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
Uganda’s long awaited oil and gas final investment decision (“FID”) is expected shortly during this month. The Government of Uganda acting through the National Oil Company (“UNOC”) together with French oil major Total E&P (“Total”) and the China National Offshore Oil Corporation (“CNOOC”) will commit to move ahead with investment in the requisite infrastructure for crude oil production. FID signifies that the investors have determined that it is commercially viable to move ahead the intended project and that they also have sufficient financial resources for investment. There will be two simultaneous decisions launching both the oil production fields and East…
This Is Premium Content. Subscribe And Save On Unlimited Access With Our Best Offers!
