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.
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.
According to Lubega, ICOGU has begun underwriting the oil and gas projects in the Albertine including the pipeline from Uganda to the Port of Tanga in Tanzania. “We have policies on the pipeline, on Tilenga, on Kingfisher and this gives us hope moving forward,” said Lubega.
The MPs on the Committee had convened the meeting on Wednesday, 20 July 2022 to find out steps being taken to end the fuel crisis and also to establish the support given to the Uganda National Oil Company – UNOC to support the national oil reserves to avert the fuel crisis.
In April 2022, David Bahati and his counterpart Peter Lokeris, the State Ministers for Industry, and Energy respectively presented a statement in the House committing the Government to prevailing over the escalating fuel prices in the country.