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IEA to advance Africa clean cooking push in Nairobi
IEA to advance Africa clean cooking push in Nairobi
London, 12 October (Argus) — The IEA will use its Nairobi summit to narrow Africa's clean cooking funding gap, with the World Bank expected to unveil a new bond scheme, executive director Fatih Birol told Argus in an exclusive interview. The initiative remains in its early stages, with the main challenge being how to scale the model and convert it into investment across the region. The IEA estimates that Africa requires around $2bn/yr in upfront investment to close its clean cooking access gap by 2040. The agency is supporting the World Bank in identifying suitable partners and investments across supply chains. The bank promised to deliver an ambitious package at the IEA's rescheduled summit on clean cooking in Africa, to be held in Nairobi, Kenya, in late January. A well-designed bond scheme could complement pledges from governments and the private sector by mobilising finance for clean-cooking projects, Birol said. Backers pledged $2.2bn for clean cooking in Africa during an inaugural summit the IEA hosted in Paris in 2024. Of this amount, $740mn has already been disbursed to 28 countries. The online event in July resulted in a further $900mn in pledges for the cause . But more resources are needed to prevent about 840,000 premature deaths every year in sub-Saharan Africa caused by indoor air pollution primarily from traditional cooking methods. LPG is the primary driver of the expansion, accounting for three-quarters of access gained in the past 15 years. IEA analysis across countries and fuels shows LPG is the most accessible and cost-effective clean cooking solution, Birol said. The agency has joined forces with the LPG industry to expand access, with Birol serving as the keynote speaker at the World Liquid Gas Association's Liquid Gas Week in Istanbul this week. The conference will be one of the latest events to put clean cooking under the spotlight following the UN General Assembly's first high-level meeting on the issue on 22 September. The collaboration has resulted in the Clean Cooking Security Programme, which aims to help countries improve the resilience of their supply routes for clean cooking fuels. The initiative, launched at the IEA-WLGA LPG Leadership forum, will draw on the IEA's expertise in energy security and policy design to establish emergency-response frameworks, Birol said. The IEA has been at the forefront of the response to the closure of the strait of Hormuz, co-ordinating its largest-ever release of emergency oil stocks. The Mideast Gulf LPG supply disruption has exposed clean cooking consumers in developing countries , triggering product shortages and price hikes. LPG markets are particularly exposed because of the lack of strategic reserves, with at least 30 significant consuming countries holding less than 15 days of supply, according to the IEA. LPG users in Africa and Asia have been the most affected by the Iran War, Birol said. by Waldemar Jaszczyk The full version of our interview with IEA executive director Fatih Birol will be published in next week's issue of LPG World. Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Oil sands producers prime the pump for pending boom
Oil sands producers prime the pump for pending boom
Calgary, 12 October (Argus) — Two leading Canadian energy companies last week made more bold, strategic changes in favour of core oil sands operations as new federal energy policy becomes clearer. The asset shuffle comes in anticipation of a potential increase in upstream development to a level not seen for over a decade, with operators focused more on long-term legislative support than current high oil prices. Cenovus Energy signed a C$5.7bn ($4bn) deal to acquire smaller rival Athabasca Oil , less than two years after swallowing MEG Energy for C$8.6bn. The deal is "strategically sound", even though Cenovus is paying full value and it may not provide immediate gratification for investors, bank RBC Capital Markets says. "Athabasca is like an oil sands unicorn — one of the last remaining (mostly) pure-play public oil sands producers," it says. "Cenovus recognises this scarcity." Athabasca brings 40,000 b/d of production, but more importantly it offers over 75 years of oil reserves near existing Cenovus assets. The buyer says it could nearly triple Athabasca's output to 115,000 b/d by 2032, which is also the earliest that Canada's planned 1mn b/d Pacific Link pipeline to the west coast could enter service. Included in future plans is Athabasca's undeveloped Corner asset, which could become the first greenfield oil sands project to be realised since 2013. Suncor Energy, meanwhile, has cashed out of some interests offshore Atlantic Canada for C$1.2bn to UK independent Ithaca Energy, as it restructures its balance sheet to focus on oil sands operations. Suncor has regulatory approval to produce 160,000 b/d of bitumen at its proposed Lewis project near Fort McMurray, Alberta. The company this year also applied to increase the capacity of its Firebag steam-assisted gravity drainage project to 700,000 b/d from 331,500 b/d. The strategic moves by Cenovus and Suncor come just days after Canadian prime minister Mark Carney deemed Pacific Link a project of national interest, ensuring its application receives fast-track treatment by the federal Major Projects Office. Giving Alberta's energy industry further reason for optimism is pending legislation such as the Building Canada Strong Act, or Bill C-39. This will overhaul the federal regulatory process, and in turn give prospective project developers more certainty and a sign Ottawa is listening. And Canada's proposed Productivity Mega Deduction — which would allow firms to immediately depreciate spending on large capital projects — has drawn plaudits from the industry. Pieces falling into place These pending changes to the federal fiscal framework for oil sands operators are "not immaterial", Cenovus chief executive Jon McKenzie said while announcing the Athabasca deal. He also expects to soon see new growth incentives relating to Alberta's royalty structure. "All of that fits together to draw capital back into the resource... and probably accelerate growth," McKenzie said. Enbridge, Canada's largest pipeline company, also gave Ottawa credit for encouraging private-sector investment by lightening the regulatory burdens his industry has endured for years. "These reforms send an important signal: Canada is now serious about getting projects built again," chief executive Greg Ebel said. Enbridge sank $600mn into the proposed Northern Gateway pipeline before Ottawa ultimately rejected it in 2016. Carney said his government is now signalling its interest in major projects earlier, so investors have more clarity. The Alberta Energy Regulator sees a steady climb in the province's capital expenditure over the next decade to C$40.9bn by 2035, up by 29pc from C$31.8bn in 2025 — the latter already a 10-year high. Like their US counterparts, oil sands operators remain cautious with their capital expenditure, despite this year's higher profits and cash flow, according to a Deloitte report released on 8 October. By Brett Holmes Capital expenditures in Alberta C$bn Oil sands Oil and gas Total 2015 22.9 16.3 39.2 2020 7.3 8.5 15.8 2025* 14.7 17.1 31.8 2030* 17.8 20.2 38.0 2035* 18.2 22.7 40.9 * estimates — AER, Capp Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Tanker hit in Mideast Gulf: UKMTO
Tanker hit in Mideast Gulf: UKMTO
New York, 7 October (Argus) — An unnamed tanker was hit by multiple projectiles off the Qatar coast in the Mideast Gulf on Wednesday in an incident in which "casualties have been reported", the UK Maritime Trade Operations (UKMTO) said. The incident took place at 19:00 GMT, 51 nautical miles north of Madinat ash Shamal, Qatar, a city about 100km north of the capital Doha and 54km from Ras Laffan. "For the first time since 9 September, Iran has struck a ship in the Gulf, away from the strait of Hormuz," former head of intelligence at EOS Risk Group Martin Kelly said in a social media post. No group has claimed responsibility for the attack, nor were details of seafarers' nationalities disclosed by the UKMTO. The attack follows an attack on 6 October against Panama-flagged Long Range 2 tanker On Peace off the coast of Oman while transiting the strait of Hormuz. There have been five attacks against vessels along the coast of Oman since 3 October. Authorities are investigating and vessels are advised to transit with caution, the UKMTO said. By Delfina Marchese Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
Turkey expands LPG reach as output, exports rise
Turkey expands LPG reach as output, exports rise
The country's extensive LPG infrastructure and rising output are a strong foundation for growing trade, write Matt Scotland and Efcharis Sgourou London, 6 October (Argus) — Turkey's LPG production and exports grew strongly in the first seven months of this year, opening up new regional trade opportunities as the industry expands beyond the mature domestic market, according to leading distributors. The country's LPG demand declined by 3.1pc on the year to 2.2mn t in January-July, as the downward trend since 2023 continued, data from energy regulator EPDK show. But production — from Turkey's fleet of five refineries — rose by more than 12pc to 655,000t, while exports rose by 12pc to 414,000t. Imports edged higher to 1.97mn t, to bolster net supply. The growth in output was mainly linked to increased refinery capacity following recent investments, as well as higher throughput, according to Ipragaz supply manager Kumru Ekmenci. The softening in demand and stable imports have enabled the sector to redirect more supply overseas, she says. Turkey's extensive LPG infrastructure, large autogas fleet and growing domestic supply provide a strong foundation for the industry to target regional trade, according to Aygaz chief executive Melih Poyraz. "The market is increasingly creating value, not only through local consumption but through logistics, trading and export-related activities," Poyraz says. Aygaz in July outlined the opportunities it was targeting beyond the domestic market , including a $353mn investment in three new VLGCs this year. "We currently trade 2.4mn-2.5mn t/yr [of LPG], but we want to reach 5mn t/yr in the next 10 years. We want to grow, especially in Africa and southeast Asia, which are our target markets," Poyraz said at the time. Autogas accounts for 80-85pc of Turkish LPG demand, while cylinder gas represents around 14pc and bulk LPG makes up the remainder. Autogas sales fell to a four-year low of 1.8mn t in January-July, while cylinder sales declined to 301,300t, their lowest since at least 2017. The Turkish industry is grappling with higher prices and inflationary pressures. But the weakness this year is more a reflection of market maturity rather than structural decline, according to Poyraz. Cylinder demand has gradually contracted as Turkey has expanded its natural gas network, while autogas retains a significant price advantage over gasoline and diesel. "The market is expected to remain broadly stable, supported by LPG's cost advantage, a large autogas vehicle fleet and its [continued] role in the energy mix." Turkey's economic pressures have affected fuel consumption and autogas vehicle conversion rates, Ekmenci says. But she too highlighted LPG's competitive position domestically. "Turkey remains the world's largest autogas market, and LPG continues to maintain a pump-price advantage over gasoline," she says. The petrochemical sector could provide another source of longer-term LPG demand. Turkish producer Petkim has awarded an engineering contract for a 1.2mn t/yr mixed-feed ethylene cracker and polymer units at Aliaga, which are due for completion in late 2027. The feedstock mix has not been disclosed. Send comments and request more information at feedback@argusmedia.com Copyright © 2026. Argus Media group . All rights reserved.
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