Somalia President Signs Law Nullifying Ethiopia-Somaliland Port Deal

Somalia's President Hassan Sheikh Mohamud addresses the parliament regarding the Ethiopia-Somaliland port deal, in Mogadishu, Somalia January 2, 2024. (Reuters)
Somalia's President Hassan Sheikh Mohamud addresses the parliament regarding the Ethiopia-Somaliland port deal, in Mogadishu, Somalia January 2, 2024. (Reuters)
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Somalia President Signs Law Nullifying Ethiopia-Somaliland Port Deal

Somalia's President Hassan Sheikh Mohamud addresses the parliament regarding the Ethiopia-Somaliland port deal, in Mogadishu, Somalia January 2, 2024. (Reuters)
Somalia's President Hassan Sheikh Mohamud addresses the parliament regarding the Ethiopia-Somaliland port deal, in Mogadishu, Somalia January 2, 2024. (Reuters)

Somalia's President Hassan Sheikh Mohamud signed a law nullifying an agreement by the breakaway Somaliland region to grant Ethiopia access to the Red Sea in return for recognition as an independent nation, he said late on Saturday.

Ethiopian Prime Minister Abiy Ahmed's stated ambition to secure access to the Red Sea is a source of tension between the Horn of Africa nation and its neighbors and has raised concerns of a fresh conflict in the region.

Somalia, which considers Somaliland part of its territory, rejected the New Year's Day deal that would allow landlocked Ethiopia to lease 20 km (12 miles) around the port of Berbera, on the Gulf of Aden with access to the Red Sea, for 50 years for its navy and commercial purposes.

Ethiopia would in return become the first country to recognize Somaliland as an independent nation.

"This evening, I signed the law nullifying the illegal MoU between the government of Ethiopia and Somaliland," Mohamud posted on X, formerly Twitter, late on Saturday.

"This law is an illustration of our commitment to safeguard our unity, sovereignty and territorial integrity as per international law."

The Somali president did not specify what the new law says or when parliament passed it.

There was no immediate comment from Somaliland or Ethiopian officials.

Abiy said in October that Ethiopia's existence was "tied to the Red Sea", adding that if countries in the Horn of Africa "plan to live together in peace, we have to find a way to mutually share with each other in a balanced manner".

His national security adviser has said Ethiopia would offer Somaliland an unspecified stake in state-owned Ethiopian Airlines in return for giving it access to the Red Sea.



EUROPE GAS-Prices Rise on Lower Wind Speed, Russian Gas Uncertainty

Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
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EUROPE GAS-Prices Rise on Lower Wind Speed, Russian Gas Uncertainty

Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
Model of natural gas pipeline and Gazprom logo, July 18, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

Dutch and British wholesale gas prices rose slightly early on Monday, as they traded in a narrow range, caught between low wind speed and uncertainty over Russian gas flows to Europe when the Ukraine gas transit deal expires at the year-end.

The benchmark front-month contract at the Dutch TTF hub edged up by 0.84 euro to 44.65 euros per megawatt hour (MWh), or $14.3/mmBtu, by 1016 GMT, while the day ahead contract was up 1.08 euro at 44.38 euros/MWh.

In Britain, the day-ahead contract was 2.25 pence higher at 110.25 p per therm.

"The spot and the curve (prices) are still supported by the prospect of a non-renewal of the Russia-Ukraine gas transit deal," analysts at Engie's EnergyScan said in a daily note, according to Reuters.

The situation with European countries that buy Russian gas is very complicated and requires increased attention, the Kremlin said on Monday, after talks between President Vladimir Putin and Slovak Prime Minister Robert Fico.

Fico said on Sunday that Putin had confirmed Russian willingness to continue to supply gas to Slovakia, even though the Slovak leader said this was "practically impossible" once a gas transit agreement between Russia and Ukraine expires.

Russia's Gazprom said it would send 42.1 million cubic metres of gas to Europe via Ukraine on Monday, a volume in line with recent days.

Meanwhile, wind generation will drop sharply today in France and Germany and the confidence for high wind output is reduced, supporting gas for power demand, EnergyScan analysts said.

In Britain, peak wind generation is forecast at 19.1 gigawatts (GW) on Monday, falling to 15.6 GW on Tuesday, Elexon data shows.

In the European carbon market, the benchmark contract was up 0.22 euro at 67.91 euros a metric ton.