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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

LNG

4 Results / Page 1 of 1

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Business / Economics

3-10 October 2024 Weekly Economics Wrap: Domestic Activity Declines, South Africa’s LPG Boom, and Global Financial Developments

Economic activity in Namibia showed signs of a slowdown in the second quarter of 2024, with business registrations declining by 34% compared to the same period last year. According to the Bank of Namibia, both close corporations and private companies experienced downturns, with close corporations dropping by 37.7% and private companies by 8.4% year-on-year. In the realm of domestic debt, Namibia's total reached N$123.51 billion by the end of September, […]

todayOctober 10, 2024 4

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South Africa

S.A union Saftu Urges Government Response as Shell Plans Exit from Liquid Fuels Market

S.A union Saftu says Shell's planned departure from South Africa's downstream market for liquid fuels is a wake-up call for the government to begin requiring the production and distribution of electric vehicles finally. However, it depends on the private sector to do so. Saftu’s spokesperson Trevor Shaku says the government's role is currently relegated to creating an enabling environment for capitalism to incentivise multinational-corporate automotive businesses:  

todayMay 13, 2024 14

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Environment

U.S. natural gas expansion would surrender world to fatal warming

Specially designed vessels are required to transport LNG, which needs to be cooled to minus 162 °F (minus 260° F) in order to liquify and compress the gas while in transit. At destination terminals, the LNG is returned to its gaseous state and carried via pipeline to distribution companies. Image by photozou.jp via Wikimedia Commons (CC BY 2.1 JP). By Shanna Hanbury via Mongabay As U.S. politicians, the oil industry and environmental […]

todayFebruary 28, 2024 14

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South Africa

South Africa bets big on natural gas as it begins a belated push to revamp its energy supplies and slash emissions, bolstered by EU endorsement of investments in gas.

By Seth Onyango, bird story agency South Africa is emerging as an early beneficiary of the European Parliament’s vote last July to designate natural gas and nuclear projects as “green energy” investments. The vote was seen as an opportunity for natural gas-endowed states in Africa to continue ploughing billions from the sale of the commodity into their economies. The recent unveiling of a gas terminal project in South Africa led […]

todayJanuary 25, 2024 5

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