Namibia's Oil Story Has a Gas Problem
Namibia has spent four years being described as Africa's next oil province. A June alert from Cliffe Dekker Hofmeyr, written by Patrick Kauta and Shereef Martin, argues that the more consequential question is what happens to the gas. The latest reporting supports that view. TotalEnergies says it is technically ready to commit to the Venus oil project, yet its talks with government on fiscal terms are unfinished, and the gas locked in the reservoir is part of the reason the economics are hard.