Maritime and vitality agency China Bridge Vitality is assessing venture alternatives throughout Africa with a view to creating win-win collaborations and advancing the event of cost-effective oil and fuel options. With expertise in ship brokerage; financing and refinancing; ship constructing and conversion; and oil and fuel initiatives, the corporate goals to make use of its Engineering, Procurement and Building (EPC) and financing options to deal with vitality challenges and drive long-term financial progress.
A delegation from China Bridge Vitality is becoming a member of the African Vitality Week (AEW): Put money into African Vitality convention this November (4-8) to realize perception into African initiatives and partnership alternatives. With the intention of driving initiatives ahead and fostering stronger industrial ties between Africa and China, the corporate is inviting African corporations and vitality stakeholders to interact throughout this yr’s convention.
AEW: Put money into African Vitality is the platform of selection for venture operators, financiers, know-how suppliers and authorities, and has emerged because the official place to signal offers in African vitality. Go to www.AECWeek.com for extra details about this thrilling occasion.
China Bridge Vitality has a historical past of providing help for large-scale venture developments in Africa. The corporate collaborated with the China Petroleum Know-how and Improvement Company (CPTDC) to supply an EPC and financing bundle for the Coral South FLNG venture in Mozambique. China Bridge Vitality chosen the Hudong-Zhonghua Shipyard and Black&Veatch as EPC companions whereas mobilizing a consortium comprising CPTDC, China Improvement Financial institution and Financial institution of China to supply a financing bundle to cowl 90% of the venture’s required funding.
In Cameroon, China Bridge Vitality supplied help for the Etinde Subject Mission, comprising 1.7 trillion cubic toes of confirmed fuel reserves. The corporate partnered with CPTDC and China Petroleum Pipeline Engineering (CPP) for the EPC. Moreover, to assist fund the early levels, China Bridge Vitality supplied a short-term mortgage of $50 million (10% of the overall contract worth) and in addition organized for an additional $50 million funding by the CMB Group to help the bidding course of.
Moreover, in 2021, China Bridge Vitality labored on a fuel venture in Morocco that concerned three key elements: constructing a fuel processing plant, laying down pipelines and drilling wells. The corporate constructed a 120-km pipeline that connects to an present pipeline to provide fuel to native energy crops. The venture included drilling 5 wells earlier than the fuel was prepared to be used and 7 extra afterward. China Bridge Vitality organized CPP to deal with the plant building and pipeline work
One among China Bridge Vitality’s Nigerian shoppers is planning to construct a FLNG facility with a storage capability of 200,000 m³. The entire price of this venture is $1.8 billion. China Bridge Vitality reached out to the Financial institution of China and secured a financing answer for the venture. For the development, the corporate selected worldwide contractors JGC and Technip to deal with your entire course of. In Ghana, the corporate supplied an preliminary service plan for the Ghana Petroleum Hub – estimated to price $60 billion. The venture contains constructing refineries, storage tanks, petrochemical crops, jetties, a port and different infrastructure. To help the venture, China Bridge Vitality is working carefully with its companions to supply each EPC and financing options.
Leveraging this expertise, China Bridge Vitality is assessing new alternatives in Africa’s vitality sector. The corporate’s companies embrace EPC options, with robust ties to Chinese language shipyards akin to China Retailers, Wison Shipward, China Ocean Delivery Firm and extra making certain the efficient procurement and building of related modules for EPC initiatives. China Bridge Vitality’s personal shipyard has in depth expertise in creating LNG modules. When it comes to different engineering options akin to pipeline, tanks and extra, the corporate leverages its partnerships with skilled engineering firms akin to China Harbor Engineering Firm, China Petroleum Engineering&Building Company and others to supply full service ECP options.
Within the financing facet, China Bridge Vitality gives a spread of help to get initiatives off the bottom. The corporate makes use of financing from each home banks in China, together with the Financial institution of China and Export-Import Financial institution of China, in addition to worldwide companies to help growth. Alternatives for fairness investments in initiatives are additionally accessible, with flexibility on the core of capital-raising. The corporate not solely gives to supply a excessive proportion of the venture’s financing however as much as 50% fairness funding. The corporate works carefully with a spread of Chinese language off-takers, masking crude oil, LNG, LPG, methanol and different oil and gas-related merchandise.
“China Bridge Vitality represents an organization that’s targeted on collaboration and unlocking actual worth throughout Africa’s oil and fuel trade. With a robust venture portfolio and expertise working throughout the African market, the corporate is dedicated to partaking with African authorities, nationwide oil firms and personal sector corporations to drive extra funding into African vitality initiatives. That is what Africa wants: a robust world associate that’s targeted on worth, collaboration and discovering progressive options to venture growth,” states NJ Ayuk, Government Chairman of the African Vitality Chamber.
Distributed by APO Group on behalf of African Vitality Chamber.