Gas opportunities and challenges in Mozambique
There are challenges ahead for Mozambique, even while it is poised for a period of dramatic growth as investment into its northern gas finds escalates.
There are challenges ahead for Mozambique, even while it is poised for a period of dramatic growth as investment into its northern gas finds escalates.
Pandemic-driven lockdowns have taken their toll on small companies in every sector, while larger companies can take a longer view on matters, including in the LNG sector.
A group of NGOs has accused Total and the French state of “machinations” involving Mozambique’s gas industry.
Mozambique’s military forces have regained control of Macomia, a town in the northern Cabo Delgado Province around 200 km from the LNG construction site.
The LNG industry in Mozambique will have a transformative impact on the country’s economy – and establish it as a regional gas hub, participants on an Africa Oil Week webinar have said.
The US’ Export-Import Bank has tweaked the loan it is providing to the Mozambique LNG project to include work offshore.
The Islamic State (IS) has released video of a helicopter shot down in northern Mozambique, said to belong to anti-jihadist mercenary forces.
Total has shutdown work at Mozambique LNG in order to manage an outbreak of coronavirus at the site in Cabo Delgado.
The African Development Bank (AfDB) has denied that it plans to support the proposed East African Crude Oil Pipeline (EACOP).
A town in northern Mozambique near major LNG construction works has been seized by Islamist militants, according to local reports.
Air Products has signed up to supply two LNG heat exchangers to the Total-led Mozambique LNG venture.
Worley has won two master service agreements (MSAs) from Total for work on the Mozambique LNG project.
Frontier Services Group Ltd., the Hong Kong-based company founded by Erik Prince, has decided to quit a logistics joint venture with Mozambique’s national oil company, even as the country readies to receive about $60 billion of investments in natural gas export projects.
The African Development Bank (AfDB) has approved a $400 million long-term senior loan to support the Total-led Mozambique LNG project.
While low LNG spot prices have taken their toll, the Europe’s two major players in the sector, Total and Shell, performed strongly in the third quarter.