From delivering a Final Investment Decision, the commencement of field development, and the arrival of the rigs, there is hope that Tilenga and Kingfisher Developments in the Albertine will deliver first oil in 2025.
The ACP-EU resolution now quashes an earlier stance by the European Parliament that had expressed “grave concern” around alleged human rights violations in Uganda and Tanzania, linked to the Lake Albert project.
Pouyanné in a statement said with the increased penetration of renewables globally, natural gas keeps a key role in the energy transition to ensure firm power, in addition to pushing out coal in all sectors of final demand.
Local leaders claim Local Content Policy is violated as many companies registered as Ugandan are purely owned by foreigners.
Project head, Edrisa Kwizera says they are monitoring the real impact of the rising fuel prices on the projects, but believes that the production timelines are and will not be affected by the changing economic situation.
The Minister of Defense and Veteran Affairs Vincent Bamulangaki Ssempijja, said the bilateral meeting will aid intelligence information gathering and sharing to confront cross border insecurity such as terrorism, drug trafficking, cyber security, illegal migration, and sabotage of crude oil pipeline infrastructure among others.
"This outcome is, I think, the best response to commentators who predicted, and in some cases even hoped for an investor rebellion against the company, and responds to those who act more as activists than shareholders," said Pouyanne. But Environmentalists and a chunk of the shareholders say TotalEnergy must do more to convince that they are abiding by their promises.
