The Government has significantly ramped up its backing of the private-sector-led coal bed methane (CBM) industry as it increased its proposed investment in Botala Energy’s Serowe CBM-to-LNG project by 40 percent to about $4 million (approximately P53 million).
The move, channelled through the Minerals Development Company Botswana (MDCB), marks one of the most substantial government commitments to a domestic gas development initiative in recent years. Botala Energy, which is dually listed on the Botswana Stock Exchange and Australian Stock Exchange, described the boost as a major vote of confidence in its long-term plan to build a liquefied natural gas (LNG) industry anchored in Botswana’s vast CBM reserves.
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