East Africa is in a prime location to export gas globally but growth and progress has largely been slow, largely because of fluctuating liquified natural gas prices, political instability and terrorism.
Foreign military support is growing in Mozambique’s northern Cabo Delgado Province following the attack on Palma but it is clear that the LNG plans have suffered a major setback.
Around $33 million of spending in Mozambique’s two LNG concessions is unrecoverable, the Instituto Nacional do Petróleo (INP) has said, following an audit.
Islamist insurgents, Mozambique government forces and a South African private military company are all involved in human rights abuses in Cabo Delgado, according to Amnesty International.
Total has no clear view on prices in 2021 and is taking a cautious stance on spending plans, the company’s CFO Jean-Pierre Sbraire said after the company published its third quarter results.
The credit export wing of the UK Government could support tens of thousands of jobs in the coming years if it switches its focus from oil and gas to renewables, according to a new study.
Speakers talking about Mozambique at the Energy Industries Council’s (EIC) virtual Energy Exports Conference (VEEC) were keen to stress local benefits.
The UK government is reconsidering its support for financing foreign oil and gas projects, following UK Export Finance’s (UKEF) commitment to the Total-led Mozambique LNG project.