{"id":40273,"date":"2022-02-05T03:05:55","date_gmt":"2022-02-05T03:05:55","guid":{"rendered":"https:\/\/thefreezonechannel.com\/?p=40273"},"modified":"2022-02-05T03:07:06","modified_gmt":"2022-02-05T03:07:06","slug":"feda-invests-in-lng-distribution-platform","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/feda-invests-in-lng-distribution-platform\/","title":{"rendered":"FEDA invests in LNG distribution platform"},"content":{"rendered":"<p>The Fund for Export Development in Africa (FEDA) has invested into Ecow-Gas B.V. (Ecowgas), a Liquefied Natural Gas (LNG) distribution infrastructure platform in West Africa.<\/p>\n\n\n\n<p>FEDA is a development impact-oriented subsidiary of African Export-Import Bank (Afreximbank).<\/p>\n\n\n\n<p>Due to limited power supply from the grid, the industrial sector in Africa suffers severe energy shortages with attendant high production costs, inefficient operations and reduced global competitiveness, amongst others.<\/p>\n\n\n\n<p>According to a statement, off-grid solutions are required to address these challenges and put Africa firmly on the path to energy sustainability.<\/p>\n\n\n\n<p>\u201cFEDA\u2019s investment in Ecow-Gas will support the creation, in partnership with a leading international oil company, of the infrastructure to provide access to cheaper and cleaner fuels for underserved industrial customers across the region using LNG.<\/p>\n\n\n\n<p>This will also promote efforts to minimise CO2 emission by replacing environment-polluting fuels currently in use,\u201d it added.<\/p>\n\n\n\n<p>President and Chairman of the Board of Directors of Afreximbank, Prof. Benedict Oramah, noted that, \u201cFEDA\u2019s investment in Ecow-Gas is a testament to its mission of providing development equity capital to sectors critical to the growth and development of intra-African trade, export development and industrialisation.<\/p>\n\n\n\n<p>\u201cThrough this investment, FEDA is seeking to unlock access to affordable and cleaner energy for industrialisation purposes and to significantly impact intra-regional trade, especially in the West Africa region.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/www.thisdaylive.com\/index.php\/2022\/02\/04\/afreximbanks-fund-for-export-devt-in-africa-promotes-lng-distribution-in-wafrica\/\">More=ThisDay=<\/a><\/p>\n\n<!--themify_builder_content-->\n<div id=\"themify_builder_content-40273\" data-postid=\"40273\" class=\"themify_builder_content themify_builder_content-40273 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->","protected":false},"excerpt":{"rendered":"<p>The Fund for Export Development in Africa (FEDA) has invested into Ecow-Gas B.V. (Ecowgas), a Liquefied Natural Gas (LNG) distribution infrastructure platform in West Africa. FEDA is a development impact-oriented subsidiary of African Export-Import Bank (Afreximbank). Due to limited power supply from the grid, the industrial sector in Africa suffers severe energy shortages with attendant [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":19286,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[908],"tags":[228],"class_list":["post-40273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oil-gas","tag-lng","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>FEDA invests in LNG distribution platform - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/feda-invests-in-lng-distribution-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FEDA invests in LNG distribution platform - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"The Fund for Export Development in Africa (FEDA) has invested into Ecow-Gas B.V. (Ecowgas), a Liquefied Natural Gas (LNG) distribution infrastructure platform in West Africa. FEDA is a development impact-oriented subsidiary of African Export-Import Bank (Afreximbank). 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