• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Friday, July 11, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
26 °c
Windhoek
22 ° Wed
25 ° Thu
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home Mining & Energy

Standard Bank proposes Elizabeth Bay’s development into Namibia’s energy hub

by editor
April 12, 2024
in Mining & Energy
385
A A
18
SHARES
8k
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Standard Bank has unveiled a proposal to convert Elizabeth Bay into an Energy Park.

You might also like

Nuclear Energy in Namibia’s Energy Strategy

Rössing spends N$4.37 billion on Namibian suppliers

Ministry of Mines receives 600+ new mining exploration applications

The move is seen as crucial to stimulate infrastructure development and tap into Namibia’s resource potential.

Elizabeth Bay is a mining town on Namibia’s southern coast located 25km south of Lüderitz.

Paul Eardley Taylor, Head of Oil and Gas for Southern Africa at Standard Bank said the proposed transformation includes the establishment of key infrastructure components such as a new port, an offshore gas processing hub, and interconnected pipelines.

“The primary objective of the Elizabeth Bay Energy Park (EBEP) is to harness the region’s abundant wind and solar resources. This will enable efficient production, storage, and exportation of energy products such as LNG and green hydrogen,” Taylor told a Standard Bank Namibia Oil and Connect session.

He said the proposed EBEP initiative is designed to accommodate a variety of projects and these include the development of the Kudu gas field, liquefied natural gas (LNG) and domestic gas (Domgas) initiatives, green hydrogen production facilities, and offshore oil and gas installations.

Discussing the specifics of the project, Taylor outlined several key elements, including the development of the Kudu gas field, among others.

“The plan includes the development of the Kudu gas field, with an initial capacity set at 420MW, scalable to 840MW and beyond,” he said.

Furthermore, the establishment of an Offshore Gas Processing Hub (OGPH) will be developed near the Kudu field to process gas, as proposed by BW Offshore in its Field Development Plan and ESIA.

He added that essential pipelines, such as a fit-for-purpose 12” pipeline for near-shore Kudu gas and a larger capacity subsea pipeline, are integral to the project’s success.

The ownership of infrastructure will involve collaboration between private entities like BW Offshore and the government of Namibia, potentially through a sovereign bond.

The sequencing of offshore gas activities includes reaching the Final Investment Decision (FID) for the Kudu field, completion of subsea pipelines, and the development of onshore LNG facilities.

The plan also encompasses future activities like the processing of associated gas from deep offshore fields and the development of upstream oil projects.

Recent offshore discoveries in Namibia, such as the Graff, Venus, and Jonker fields, are estimated to hold 11 billion recoverable barrels of oil equivalent (boe).

A Floating Production, Storage, and Offloading (FPSO) vessel is planned for each field, with national oil production peaking at 870 thousand barrels per day (KBPD) in 2033.

Woodmac predicts a significant fiscal impact for Namibia, with government revenues potentially reaching N$166 billion (US$9bn) annually by the mid-2030s.

“High gas-oil ratios pose challenges, but a phased multi-FPSO approach for oil development is planned. This adds complexity to gas monetisation via LNG, while Namibia’s renewable energy potential attracts integrated energy companies, enabling them to combine renewable energy with oil and gas projects for diversification,” said Taylor.

This proposal comes as the government has previously suggested that the country’s oil and gas operations be stationed at Lüderitz.-//miningandenergy.com.na/

author avatar
editor
See Full Bio
Tags: africa newsElizabeth BayElizabeth Bay Energy ParkenergyLuderitzminingnamibianamibia newsOffshore Gas Processing HubPaul Eardley TaylorStandard Bank
Share192Tweet120Share34
Previous Post

BoN warns against swiping limits for consumers

Next Post

Namibia faces shortage of Labour Inspectors

Recommended For You

Nuclear Energy in Namibia’s Energy Strategy

by reporter
June 18, 2025
0
Nuclear Energy in Namibia’s Energy Strategy

By Set-son Shifidi The Government of the Republic of Namibia, guided by the SWAPO Party manifesto, has identified nuclear energy as a strategic priority. This initiative aims to...

Read moreDetails

Rössing spends N$4.37 billion on Namibian suppliers

by reporter
June 5, 2025
0
Rössing spends N$4.37 billion on Namibian suppliers

Rössing Uranium Limited spent N$4.37 billion on Namibian suppliers in 2024, accounting for 84% of its total procurement budget of N$5.23 billion, the company has confirmed. Rössing Managing...

Read moreDetails

Ministry of Mines receives 600+ new mining exploration applications

by editor
August 7, 2024
0
Ministry of Mines receives 600+ new mining exploration applications

The Ministry of Mines and Energy reported a significant surge in exploration activity, with over 600 new licence applications submitted as of December 2023. The upward trend has...

Read moreDetails

Andrade completes N$175m Bank Windhoek funding deal 

by editor
August 6, 2024
0
Andrade completes N$175m Bank Windhoek funding deal 

Andrada Mining Limited (Andrada) on Tuesday announced the successful completion of an N$175 million funding agreement with Bank Windhoek Limited.  The deal replaces the company’s existing lending facilities...

Read moreDetails

Namibia’s green hydrogen projects key equipment deliveries begin

by editor
July 26, 2024
0
Namibia’s green hydrogen projects key equipment deliveries begin

Green Hydrogen Commissioner James Mnyupe says key equipment to operationalise some of Namibia’s green hydrogen projects is now being delivered. Giving an update, Mnyupe said Cleanergy Solutions Namibia...

Read moreDetails
Next Post
Namibia faces shortage of Labour Inspectors

Namibia faces shortage of Labour Inspectors

Related News

Namibia’s population increases by 114% over 32 years

Namibia’s population increases by 114% over 32 years

March 13, 2024
Ally Karaerua elected as Chairman of FENATA

Ally Karaerua elected as Chairman of FENATA

September 24, 2024
Ex-Standard Bank CEO appointed to Bank Windhoek board

Ex-Standard Bank CEO appointed to Bank Windhoek board

February 10, 2023

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • Namibia
  • namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.