South African chemical and synthetic fuels company, Sasol, said last week (Thursday 13) that it will abandon its plans to import Natural Gas through the proposed African Renaissance Pipeline (ARP). The ARP would connect Mozambique and South Africa through a 2600 km pipeline from...
Tag: Liquefied Natural Gas (LNG)
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LNG reaches all-time high
Text by wsj journalist Joe Wallace Natural gas prices have soared to record levels in Europe as intensifying fighting in Ukraine threatened to reduce supplies of Russia's heating and power generation fuel. Russian gas continues to flow through Ukraine in large quantities to...
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Mozambique among the largest exporters of natural gas in the world. Just for the future
Mozambique's high potential in Liquefied Natural Gas (LNG) could make it the world's fifth largest exporter by mid-century, according to the GECF's Global Gas Outlook 2050. And with that in mind, as well as the start of LNG production in the middle of this year, the Executive aims to integrate the country...
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Floating platform for gas exploration is already in Mozambican waters
The National Petroleum Institute (INP) announced, this Monday, the arrival of the floating platform for natural gas exploration in national waters. A statement from the INP said that work is now underway to certify the heliport for landing and take-off of helicopters that will carry the service teams. The platform...
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Mozambique: Joe Biden may suspend U.S. funding for LNG project
The Liquefied Natural Gas (LNG) production and exploration project in Mozambique may be deprived of receiving funding from the United States of America (USA), after US President Joe Biden ordered the suspension of federal aid to new and "old" fossil fuel projects abroad, although there are exceptions. The US decision that...
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Tanzania negotiates $30 billion with Shell and Equinor to explore LNG
The Tanzanian government, Shell and Equinor have resumed negotiations on a host government deal for a $30 billion liquefied natural gas (LNG) project that had been stalled since 2019. President Samia Suluhu Hassan - sworn in in March -, has strived to create a more favorable business environment,...
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Exxon Mobil may abandon LNG project in Mozambique
The board of Exxon Mobil Corp. may abandon some of its largest oil and gas projects including the $30 billion Liquefied Natural Gas (LNG) project in Mozambique, according to the WSJ. The publication also reports that another multibillion-dollar gas project in Vietnam may not go forward. The board,...