The Trade and Development Bank of Eastern Southern Africa has disbursed around seven billion meticais to Mozambique for the exploration of Liquefied Natural Gas in Cabo Delgado province. The information was announced this Tuesday (30) by the Prime Minister, Adriano Maleiane, at the opening of the annual meeting of the Bank's Board of Governors. At the...
The concessionaire for Area 4 in the Rovuma Basin, Cabo Delgado province, is preparing a second floating platform, a copy of the first and called Coral Norte, to double the extraction of gas off the northern coast of Mozambique, according to a preparatory study. "The Area 4 concessionaire proposes the most efficient way of...
Tanzania says the cost of developing its liquefied natural gas (LNG) project is 42 billion dollars, following recent technical analysis. Next month the country is expected to sign an exploration agreement and begin the front-end engineering design of what will become the country's largest...
The President of the Republic, Filipe Nyusi, criticized today in Maputo the reluctance of some countries and institutions to finance natural gas exploration projects, defending the importance of this resource in the global energy transition. The head of state was speaking at the opening of the 9th Mining and Energy Conference and Exhibition (MMEC), which brings together...
The International Monetary Fund (IMF) expects the consortiums led by France's TotalEnergies and ExxonMobil to start producing gas in Mozambique in 2027 and 2029, respectively. The economist from the IMF's African department said that the start-up will have a positive impact on growth through production, tax revenues and the current account. Thibault...
The academic and General of the Armed Defense Forces of Mozambique (FADM), Joaquim Manjate, recommended this Tuesday (05), in Maputo, the urgent reinforcement of maritime security in Cabo Delgado. According to Manjate, the recommendation is aimed at preventing piracy and hijacking of cargo ships on the high seas as a result of gas exploration in the...
French petroleum company TotalEnergies intends to resume its natural gas exploration operations in Cabo Delgado, in northern Mozambique, but this depends on three fundamental conditions. An unidentified Total spokesman, in an interview with Rigzone, said that the conditions include: (i) security guarantees in Cabo Delgado, which he acknowledged were improving;...
The CEO of the Italian multinational Saipem, Alessandro Puliti, said on Tuesday that the company will resume operations in the Liquefied Natural Gas (LNG) project in Mozambique in July this year in favor of the French company TotalEnergies. In October 2021, the multinational hoped to resume its role in Cabo Delgado in mid-2022,...
The President of the Republic (PR), Filipe Nyusi, guarantees the return of the US multinational oil company, to continue its Liquefied Natural Gas project in Area 4 of the Rovuma basin. "The oil company has assured us that the question is not whether it will return or not, but when it will return," said Nyusi on Thursday in Washington. The PR said...
The first shipment of Liquefied Natural Gas (LNG) from Mozambique operated by British Petroleum (BP) arrived in Spain this Wednesday, after having set sail from Coral Sul, in Cabo Delgado, almost a month ago. According to tracking data, the ship carrying 173,400m3 anchored in Bilbao, at the Bilbao Anchorage. The voyage...