Govt Pumps P53 Million Into Private Coal Bed Methane Project

Botswana Boosts Local Gas Project with Increased Investment

Botswana is expanding its commitment to the domestic gas sector. The government has increased its proposed investment in Botala Energy’s Serowe Coal Bed Methane (CBM)-to-Liquefied Natural Gas (LNG) project. This financial boost, channeled through the Minerals Development Company Botswana (MDCB), now totals approximately P53 million (around $4 million).

Significant Government Backing

This marks a 40 percent increase from the initial investment and represents one of the government’s most substantial contributions to a local gas development initiative in recent memory. The enhanced funding underscores a growing focus on utilizing Botswana’s natural resources for energy independence.

Botala Energy’s Vision

Botala Energy, a company listed on both the Botswana Stock Exchange and the Australian Stock Exchange, views this increased investment as a significant endorsement. The company stated that the government’s support validates its long-term strategy to establish an LNG industry within Botswana, leveraging the country’s extensive CBM reserves.