Sudan to increase investment opportunities for natural gas extraction

OmarAlBashir-WikimediaCommonsThe Sudanese government has plans to create opportunities for foreign investment in the extraction of natural gas in order to spur power generation

Omar al-Bashir, President of Sudan said that the nation’s constitution was being amended to facilitate ease in foreign investment.

According to a report in Reuters, Sudan has proven gas reserves amounting to 84.95mn cu/m but development of these resources has been limited. In addition, the country lacks pipelines and port terminals to bring in natural gas or LNG.

Bashir revealed that the government would build a gas pipeline from Port Sudan to Khartoum.

In addition to increasing facilities to harness natural gas, Sudan is also in talks with Qatar to introduce imports and procure shipments by early 2015. Qatar, which is the world’s top LNG exporter, has helped allies like Egypt in the past by supplying cargoes of LNG, added the Reuters report.

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