mmegi

The trillions hiding in plain sight and the BPC deal to unlock it all

Shining example: The Gladstone LNG project is one of the largest in the world and an inspiration to local developers PIC: MECHADEMY.COM
Shining example: The Gladstone LNG project is one of the largest in the world and an inspiration to local developers PIC: MECHADEMY.COM

The Botswana Power Corporation (BPC) this week signed an agreement to secure power supply from Coal Bed Methane, the first ever commercial extraction of a resource estimated to be as much as 40 trillion cubic feet in Botswana. Staff Writer, MBONGENI MGUNI reports

Local Coal Bed Methane (CBM) developers have dreams of replicating the phenomenal success of the Gladstone Liquefied Natural Gas (GLNG) project in Queensland, Australia.

Gladstone, established in 2011, has created 6,000 jobs, generating US$42.45 billion (P473 billion) of income tax revenues for the federal government. Exports from the project are expected to top US$9.55 billion annually for the next 25 years.

Editor's Comment
Don't let FMD outbreak drag on

Acting Agriculture Minister, Edwin Dikoloti, is right in saying opening an export-ready facility whilst Foot and Mouth Disease (FMD) is still spreading would risk getting the whole country blacklisted before a single carcass leaves the door.A ban like that would break the already stressed nation. So, the postponement, painful as it is, is the right thing to do. The local economy is being squeezed from both ends. FMD has already slammed the door...

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