Post #324

NewGet-Rich-Quick Scheme of Côte d’Ivoire At the very moment when strange boys in helmets were staging a coup-theatre performance in Benin, Côte d’Ivoire managed to establish a lucrative gas alliance with Benin and Togo 🇧🇯🇹🇬 Benin and Togo have agreed to join forces with Côte d’Ivoire and create, with World Bank support, a regional gas alliance. The main goal is to secure supplies to Togo and Benin, where electricity generation depends heavily on gas. ✌ The ultimate winner here is Côte d’Ivoire: it is the only one of the 3 that has its own gas production and will serve as an entry point for international gas imports — one of the aims of the initiative is joining markets to bargain with international commodity traders. 🇳🇬 At the moment, Benin and Togo receive gas through theWest African Gas Pipeline, which carries gas from Nigeria to Benin, Togo, and Ghana. The reliability of WAGP supplies has been in question for years: there have been breakdowns, pirate activity, and persistent supply issues within Nigeria itself. 🔸 As a result, the Ivorian oil and gas players win a jackpot - they will expand the gas sales and earn on gas transition, through which the World Bank's funds will also flow into the pockets of gas importers. ➡️ Follow to stay informed - @devilsbelow