“We are pleased to be investing to help meet Gabon’s future energy demands, supporting the country in reducing its emissions, and delivering a project that will also create hundreds of direct and indirect employment opportunities.”
The agreement follows a memorandum of understanding (MoU) signed at the same conference in 2022.
A greenfield LNG project requires “absolute harmonisation of business objectives and risk allocation and for the state-owned enterprises to be singing from the same hymn sheet”.
SLGC is intended to tackle a projected supply gap at the Angola LNG facility.
NFE CEO and chairman Wes Edens said the deal would allow the company to “focus solely on our own FLNG portfolio that we own 100%”.
The head of Total visited Afungi industrial site, the resettlement village of Quitunda and the towns of Palma and Mocimboa da Praia. It was an attack on Palma in March 2021 that halted Mozambique LNG.
“Production is not at the level we would like. We intend to own the asset and we need a new plan of development, which will take different things into consideration,” he said. Many wells need to undergo workovers, he said, in order to make it fit for the long term.
BP and Kosmos Energy will present a plan of development for the Yakaar-Teranga this year and reach a final investment decision, a Senegalese official has said.
The facility will allow LNG production to “significantly increase”, Expro said. It is intended to allow additional gas production support power generation.
Data from the European Union shows Algerian gas flows to Italy up 41% year on year in the third quarter of 2022.
The FPSO for BP’s Greater Tortue Ahymeyim (GTA) LNG project has left China and is heading for its site off Mauritania and Senegal.
PetroSA set out some particular thoughts about who it wanted to apply. Top of the list are state-backed companies from oil and gas producing states, which can access feedstock and capital.
Total production for 2022 reached 41,000 barrels of oil equivalent per day, of which 75% was gas. For 2023, Energean forecasts this will increase to 131,000-158,000 boepd. Virtually all of the increase will come from Israel.
The Wison FLNG unit will be Eni’s second offshore Congo.
FoE has said the Mozambique LNG project may produce 4.5 billion tonnes of greenhouse gases. It complained the UK government had failed to evaluate or calculate these.
“Right now, we have close to 64 wells that need to be redrilled, and for this, we cannot find funds. A lot of infrastructure has been designed for a specific period and without funds, we are left with a lot of problems.”
Wison Heavy Industries has won work to develop a floating LNG (FLNG) project for Eni off Congo Brazzaville.
Chevron (NYSE:CVX) has taken a final investment decision (FID) to expand the Tamar field, offshore Israel.
ExxonMobil has set out plans to focus on high return, low cost projects in the Permian Basin, Guyana, Brazil and LNG internationally.
The Court of Appeal will today hear a legal challenge over the Mozambique LNG project, from Friends of the Earth (FoE).
Sasol will hold its AGM today and will face some tough questions on its environmental stance from various NGOs.
Eni has held talks with Mozambique President Filipe Nyusi on more floating LNG (FLNG) projects in the East African state.
UTM Offshore has signed a front-end engineering and design (FEED) contract for a floating LNG (FLNG) project offshore Nigeria.
Egypt has struck a number of agreements with energy companies around sustainability and reducing emissions, including at the Idku liquefaction plant.
Coral Sul has exported its first LNG cargo, bringing Mozambique into the exclusive club of liquefied gas exporters.