Sign up | Log in



Home  >>   Daily News  >>   Malaysia News  >>   Energy  >>   Petronas may export Ethiopian natural gas
NEWS UPDATES 3 July 2010

Petronas may export Ethiopian natural gas

Related Stories
May 6, 2010
Malaysia government’s nuclear plan draws strong criticism

May 2, 2010
Malaysia's Petronas in talks to develop oil blocks in Brunei

April 9, 2010
Malaysian firm in Vietnam power plant project

April 1, 2010
Malaysian state energy firm to leave Cambodia in April

July 26, 2009
Malaysian state energy firm to leave Cambodia in April

Petroliam Nasional Bhd (Petronas) may begin exporting natural gas from Ethiopia in five years, when production starts at a plant it is building in the country, a Mines Ministry official said, according to Bloomberg.

Fields being developed by Petronas in Ethiopia contain as much as 4 trillion cubic feet of gas, Eshetu Chala, senior economist at the Addis Ababa-based ministry, said in an interview on Thursday in Kampala, Uganda. Annual production figures have yet to be determined, he said.

"After five years Ethiopia will become a producer of natural gas," Chala said. "Our focus is on the export sector since the local market will consume little."

Petronas paid US$80 million (RM258 million) in 2007 for the rights to develop the Calub and Hilala gas fields in Ethiopia's Ogaden basin, according to the Reporter, an Addis Ababa-based newspaper. It may also build a gas-treatment plant and a gas pipeline to a port in neighbouring Djibouti at a cost of US$1.9 billion (RM6.2 billion), the newspaper said.

"Drilling is going on, but the output capacity will be determined after an appraisal of reserves," said Chala.

The Reporter said last month that Petronas suspended work in the Ogaden basin because of security problems. The suspension came after a British geologist was killed in April by bandits, it said. In May, the rebels said they had captured the Hilala gas field. The government denied the attack, saying the fighters were "fabricating rumours".

Azman Ibrahim, a spokesman for Petronas in Kuala Lumpur, didn't respond to a voicemail request for comment when called outside normal business hours. Rizan Ismail, Petronas's country manager for South Africa, didn't return a call seeking comment.

Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
  Online Ad Rates

Comment on this Article. Send them to

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
submit your comment in the box below




1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand