By Wendell Roelf

CAPE TOWN (Reuters) – Chinese Vice President Xi Jinping signed an energy deal with resource-rich South Africa on Wednesday in a visit aimed at obtaining minerals the Asian giant needs to fuel its blistering growth.

signing energy dealChina is South Africa’s biggest bilateral trading partner and the focal point of its plan to divert more trade and investment from traditional markets in Europe and North America to the world’s fastest growing economies.

Xi, touted as China’s next president, had a three-day visit to Africa’s largest economy, which is seeking to reduce a deficit in trade with China that hit $2.7 billion last year, skewed in Beijing’s favour.

South African Deputy President Kgalema Motlanthe and Xi co-chaired the 4th China-South Africa bilateral commission and signed a number of agreements, including an energy deal.

Source: Reuters Image: Reuters

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jpgOperators say the Nigerian Liquefied Natural Gas (NLNG) Limited has the capacity to supply 150,000 metric tonnes per annum of LPG to the Nigerian market. For this modest aspiration, the country would require 225 trucks, 180 bottling plants, 5.8million cylinder requirements, and 96,000-bottles/day cylinder bottling capacity. Due to the impact of deforestation, an indigenous oil and gas company is gradually making forays to meet the nation’s requirements in the sector. GODWIN HARUNA writes…

As the world begins another series of talks on the climate change conundrum in Cancun, Mexico, people around the globe are looking for solutions that would mitigate its impact. Deforestation is one of the major challenges confronting Nigeria in the effort to maintain a sustainable environment. Domestic cooking gas has come as a veritable alternative to curb deforestation in order to have a sustainable environment in the country.

The statistics look scary, but it is not insurmountable. Operators of the Liquefied Petroleum Gas (LPG), popularly known as cooking gas, maintain that out of the 225 trucks so required, to distribute the product in the country, only 131 trucks are available. Of the 5,800,000 cylinders required only 80,000 are available. There are just 50 working plants in the country, out of the needed 180 plants, and of the 96,000 MT daily bottling capacity plants, only 18,000MT daily bottling capacity is accessible. These figures are reflective of the difficulties in making LPG available in every home in Nigeria in spite it’s obvious advantages over firewood for the cooking needs of the citizenry.

Source: thisdayonline.com/   Image: businessdailyafrica.com

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The UK government will launch two new public-private partnership funds to promote generation of renewable energy in Africa and Asia next year, the secretary of state for international development said recently.

green energyThe funds will target low-carbon energy and related investments in Asia, and large-scale renewable energy projects in Africa.

“We hope to launch these partnerships next year,” Andrew Mitchell said at a briefing in London.

A spokesman for the UK’s department for international development said it was looking at ways the funds could be financed, and could not put a value on them yet or identify the potential private sector partners.

Early modelling of the Asian fund suggests that it could bring 9 pounds of private sector investment for every pound committed by the government.

Over the next 25 years, the project could generate up to 5 gigawatts of renewable energy and avoid 150 million tonnes of carbon dioxide emissions.

The African fund could generate up to 500 megawatts of new renewable energy per year from 2015, providing enough electricity for over four million households.

The government will also launch a new advocacy fund to help the poorest nations be heard in international climate change and trade negotiations.

“This fund will provide access to legal, technical, and logistical support to the poorest and most vulnerable countries (…) whose full participation is essential if we are to achieve an equitable deal,” Mr. Mitchell said, referring to a global agreement on climate change.

Finance

In its spending review in October, Britain said it would provide 2.9 billion pounds of international climate finance to 2015. This will partly fund a 1.5 billion pound pledge of fast-start finance from 2010 to 2012.

At last year’s Copenhagen climate summit, rich countries pledged $30 billion of “fast start finance” to help poorer countries adapt to climate change and reduce their greenhouse gas emissions during 2010-2012.

Source: 234next.com Image: consumerenergyreport.com

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