This year alone, 18 export shipments of liquefied natural gas have already been made by the Coral Sul Project, in Area 4 of the Rovuma Basin, in Cabo Delgado, an official source has revealed. According to Rudêncio Morais, executive director for Research and Production at Empresa Nacional de Hidrocarbonetos, the Coral Sul platform has the capacity to produce...
Category: Oil & Gas
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"We're still bouncing around in the gas area, but then we'll hit our stride"
The President of the Republic (PR), Filipe Nyusi, said today in South Korea that Mozambique is still a new player in the gas sector. Speaking at a press conference, he said that, in this position, the best thing to do is to gather experience from those who are more advanced in the exploration process...
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Natural gas: Mozambique to have second floating platform
Mozambique will have its second floating platform for the extraction of liquefied gas in the Rovuma basin in the next few years, the result of an agreement between the South Korean company Samsung Heavy Industry and the Mozambican government. The announcement was made today by the head of South Korea's Samsung Heavy Industry, Youngkyu Ahn, speaking to...
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Temane/Inhambane: Gas processing plant to be ready in September
The natural gas processing plant in Temane district, Inhambane province, should be ready by next September. Work is currently progressing on around 86%. Around 700 million dollars will be invested until completion. According to the Director General of SASOL, Ovídio Rodolfo, in the operations phase...
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Hydrocarbons: INP appeals to investors to reinvest in Cabo Delgado
The National Petroleum Institute (INP) yesterday (30.05) launched an appeal to investors to resume hydrocarbon exploration projects in the Rovuma Basin, Cabo Delgado. The INP reports that there are now solid signs of a return to normality in the social and economic life of many districts of Cabo Delgado, previously affected by the...
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Nearing second term, Pouyanné goes against the grain to explore new oil fields
The CEO of French oil company Total, Patrick Pouyanné, is going against the grain of fossil exploration and says he intends to discover new oil fields. During a general meeting of the company's shareholders, he said that the idea is not to stop oil exploration, "but to know when the demand for oil will reduce...
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Rovuma basin partners may change after Galp's decision to sell shares
The Ministry of Mineral Resources and Energy has announced that the partners in Area 4 of the Rovuma basin, off the coast of Cabo Delgado province, may change, since the Portuguese oil and gas company, Galp, has decided to sell its position to the Emirati oil company ADNOC, in the exploration consortium for...
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Study reveals natural gas potential in Niassa's Maniamba basin
The eight million square kilometer Maniamba Basin in Niassa province could be a major source of natural gas, according to Moçambique Bio, which cites a study published in the South African Journal of Geology. "The layers of rocks from the Permian to the Triassic in the basin contain mature organic material capable of producing gas...
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Administrative Court prepares to review the management of the Sovereign Wealth Fund
The Administrative Court (TA) guarantees that it is monitoring all the legislation on the Mozambique Sovereign Fund (FSM) in order to define how to act within its powers in terms of auditing public accounts. According to the adviser to the Administrative Court, Sousa Massingue, who was speaking on a panel on strengthening the relevant institutions in the management of the FSM, at the...
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Civil society suggests balanced implementation of the Sovereign Wealth Fund
Civil society organizations are advocating the adoption of strategies that allow a balance between savings and consumption in the implementation of the Sovereign Wealth Fund in Mozambique, so that the revenues from the exploitation of natural resources can benefit present and future generations. Speaking yesterday, Wednesday (08), during the International Conference on the Sovereign Fund, Moisés...