The arrival of LNG-fuelled ships such as the Viking Grace will be a focal point for ports in 2013. Port expansion project planning this year is likely to be dominated by two regions, say industry watchers: Brazil and offshore south-east Africa.

The West African Gas Pipeline Company (WAPCo) may record a gross loss of $2.4 billion (N384 billion) within four months if the vandalised sub-regional pipeline remains unrepaired by the end of this month

Fidelity Bank Plc has announced plans to raise N15.7 billion ($100 million) from the international debt market to boost its foreign currency lending capacity, especially to companies in the oil and gas and telecommunication sector.

President Goodluck Jonathan has assured Nigeria of a significant improvement in the level of power supply by the end of this year.

Speaking in an interview with CNN’s Christiane Amanpour, in Washington, Jonathan, however, disclosed that Nigeria’s power challenges can not be resolved over night, adding that it requires the completion of the overall power infrastructure before stable electricity can be guaranteed.

Ukraine has sealed a $10 billion (N1.57 trillion) shale gas deal with Royal Dutch Shell that will reduce its dependency on gas supplies from neighbouring Russia.