Protests against the EACOP pipeline in Kampala
Ugandan crude export pipeline boost
EACOP has overcome a significant hurdle, with a group of regional banks providing an initial financing tranche for a scheme that has attracted criticism from environmental campaigners
Efforts to build a pipeline to send crude oil 1,443km from Uganda’s Lake Albert oilfields to Tanzania’s port of Tanga inched forward in late March, with the first external financing tranche closing on the East African Crude Oil Pipeline. EACOP Ltd—shareholders in which are TotalEnergies (62%), Uganda National Oil Company Limited (UNOC: 15%), Tanzania Petroleum Development Corporation (TPDC: 15%) and China’s state-controlled CNOOC (8%)—said the successful closing of this first tranche of external financing, understood to be worth $1b, represented a significant milestone. EACOP said it demonstrates the support of financial institutions on “transformative regional infrastructure”. The financing
Also in this section
18 March 2026
Rising LNG exports and AI-driven power demand have raised concerns that US gas prices could climb sharply, but analysts say abundant shale supply and continued productivity gains should keep Henry Hub within a range that preserves the competitiveness of US LNG
18 March 2026
Risks of shortages in oil products may cause world leaders to panic and make mistakes instead of letting the market do what it does best
17 March 2026
Africa must dramatically scale energy investment to meet rising demand while cutting emissions. ARDA’s Anibor Kragha argues that a “just, Africa-centric transition”—focused on refining capacity, cleaner fuels, infrastructure and innovative finance—will be essential
17 March 2026
The crisis in the Middle East has put LNG’s ability to offer security and flexibility under uncomfortable scrutiny
