Energy Industry – Page 54

Mozambique Energy industry: US$15 million available for rural electrification in Niasssa province

Posted on July 16, 2014 by Mozambique Resources Post

The Government ratified this Tuesday, a credit agreement worth 15 million U.S. dollars, intended to finance rural electrification project in Niassa province in northern Mozambique.

Mozambique Extractive Industry: Mining Resources accounted for 15% of tax revenues last year

Posted on July 11, 2014 by Mozambique Resources Post

Mozambique Tax Authority CEO, Rosário Fernandes The contribution of mining resources to Mozambique’s total tax revenues has risen significantly over the last four years, from 2 percent in 2010 to 15 percent of all taxes collected in 2013, Mozambique’s Mining Minister said in the country’s parliament.

Mozambique Mining Industry: Ncondezi Energy in final phase of negotiations for construction of thermal power plant in Tete

Posted on July 11, 2014 by Mozambique Resources Post

Ncondezi Energy is in the final stages of negotiations to sign an agreement to sell the electricity produced at a thermal power plant to be built in the Mozambican province of Tete, the British company said Thursday in a statement.

You Should Know This: London goes into the offensive in oil

Posted on July 11, 2014 by Mozambique Resources Post

The backing London has given the Somalian government is not without mercantile ulterior motives. Among other things, it will allow British consultants and oil companies to be well placed when the country’s security situation improves so that mineral resources can be extracted.

The LNG retail market

Posted on July 7, 2014 by Mozambique Resources Post

In 2013, GDF SUEZ through its subsidiary Distrigas, opened a station of Liquefied Natural Gas (LNG) to fuel a fleet of trucks. Arrived by LNG tanker and stored at the Everett terminal, LNG is used as fuel for trucks, which also deliver it within 450 km to customers who do not have access to pipelines or for whom supply gas by pipeline is not enough. More environmentally friendly but also cheaper, LNG as fuel is…

Mozambique Oil & Gas Industry: Sasol, ENH and Eni announce pre-feasibility study for large-scale gas-to-liquids facility

Posted on July 3, 2014 by Mozambique Resources Post

Johannesburg, South Africa – South Africa Petrochemical company Sasol Limited announced today a joint pre-feasibility study for a large-scale gas-to-liquids (GTL) plant, which will be based on gas from the Rovuma Basin in Northern Mozambique.

Mozambique Extractive Industry: Tax Authority CEO rules out immediate drop in tax on extractive industries

Posted on July 3, 2014 by Mozambique Resources Post

The sharp drop in the price of coal on the international market led to Vale Moçambique posting a loss of US$44 million in the first quarter of 2014, and the company’s director, Pedro Gutemberg called on the Mozambican government to “consider a tax reduction,” as a way of helping reduce the costs of the mining operation.

World Energy Sustainability: “World Has to Invest USD 48 Trillion to Meet Its Energy Needs”, IEA says

Posted on June 4, 2014June 4, 2014 by Mozambique Resources Post

Meeting the world’s growing need for energy will require more than $48 trillion in investment over the period to 2035, according to a special report on investment released yesterday (Jun 3rd, 2014) by the International Energy Agency (IEA) as part of the World Energy Outlook series.

From Oilprice: Global Energy Advisory – 30th May 2014

Posted on June 4, 2014June 4, 2014 by Mozambique Resources Post

Discovery/Development • Italy’s Eni has confirmed gas discoveries in the Area 4 block in northern Mozambique’s Rovuma Basin. Eni started drilling the Agulha-2 test welI in February this year, estimating reserves at 85 trillion cubic feet. Eni has a 50% interest in Area 4, along with China National Petroleum Corp. (20%), Portugal’s Galp Energia (10%), Mozambique state-run Empresa Nacional de Hidrocarbonetos (10%) and Korea Gas (10%). Norway’s Statoil and US-based Anadarko are also operating in…

Mozambique Energy Industry: France loans Mozambique US$52 million to build power plant

Posted on June 3, 2014June 4, 2014 by Mozambique Resources Post

France has provided Mozambican state power company Electricidade de Moçambique (EdM) with a loan of US$52 million for construction of a gas-fired power plant, in Ressano Garcia, Maputo province, under the terms of an agreement signed Friday in Maputo.

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