The LNG tanker British Mentor, operated by BP, is due to arrive this Wednesday, 24th, at the new floating terminal of the Italian company Eni, in Cabo Delgado, northern Mozambique, to carry out the first export shipment of liquefied natural gas (LNG). Analysts say that while this is good news, it poses challenges to the government in terms of transparency, the...
Tag: liquefied natural gas
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Mozambique prepares to send first cargo of gas at a time when prices are reaching record levels
Mozambique is set to send its first cargo of liquefied natural gas abroad, joining the ranks of world exporters as a global energy crisis pushes fuel prices to record levels. The LNG tanker British Mentor, operated by BP, is due to arrive on August 24 at a new terminal...
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Eni wants to supply more gas to Europe and plans second LNG platform in the Rovuma basin
Eni is planning a second liquefied natural gas (LNG) platform in the Rovuma basin in Mozambique in order to meet European demand as they try to limit their energy dependence on Russia. The project that is on the table of the Italian oil company would complement its Coral-Sul platform...
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Analysts argue that the Sovereign Wealth Fund should not serve the interests of the elite
The Minister of Economy and Finance, Max Tonela, faced with pressure from civil society for the creation of the Sovereign Fund, guaranteed that it will be constituted by the end of 2022. But experts argue that the fund should serve to mitigate the impact of price volatility in the international market and not to finance the elites...
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With first gas shipment in sight, analysts call for creation of Sovereign Wealth Fund
The first shipment of liquefied natural gas, produced in the Rovuma basin, northern Mozambique, will take place very soon, but the absence of the so-called Sovereign Fund, to manage the revenues from this resource, worries several sectors of public opinion, for allegedly putting into question the issue of transparency. There are also concerns about the Law of the...
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Final Investment Decision for Beluluane Thermal Power Plant announced this year
The Final Investment Decision (DFI) for the start of construction of the Beluluane Thermal Power Plant, in Boane district, Maputo province, will be announced by December this year, according to the Beluluane Gas Company (BGC) project coordinator, Marco Morgado. The materialization of the project was supposed to start at the end of this year, but the deadline was...
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French Total to explore world's largest natural gas field
Qatar has just chosen the French company "TotalEnergies" as the first foreign partner to develop the world's largest natural gas field, AFP reported. "I am pleased to announce the selection of TotalEnergies as the first partner in the North Field East (NFE) project," said Qatar's Energy Minister Saad Sherida...
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Beluluane Thermal Power Plant postponed to mid 2023
The construction of the Beluluane Thermal Power Plant, with capacity to generate 2000 Megawatts (MW) of energy per year, will not start in the middle of this year. This according to the electric portal, Carta, citing the project coordinator, Marco Morgado. The source also mentions that allied to the plant, the start-up of the project will also be postponed...
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Mozambique may become the world's third largest gas producer
The president of the African Development Bank (ADB), Akinwumi Adesina said that the institution he heads is working with partners to help achieve the 24 billion liquefied gas project, which will make Mozambique the third largest supplier of liquefied gas in the world." Akinwumi Adesina, who was speaking at a press conference...
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IMF supports continued reforms in Mozambique's economy
The Mozambican economy should continue to implement reforms for its own strengthening, according to the representative of the International Monetary Fund (IMF) in Mozambique, Alexis Mayer. The IMF's current priorities are diversification of the economy, investment in human capital and infrastructure as well as improving the quality and capacity of institutions, in addition to gas...