Mozambique, one of the world’s poorest nations, is set to become a top global gas exporter thanks to two huge terminals about to be built in a northern province. Advertisements
US oil company Anadarko has announced that its exploration activities in South Africa are at an early stage.
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Bharat Petroleum Corporation Ltd (BPCL) plans to import natural gas extracted from the Rovuma basin in Mozambique within five years, a group official said.
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Financial scandal and security issues are the latest challenges to be overcome in Mozambique’s long-delayed emergence into the world of LNG. However, a raft of off-take agreements for two major projects in the country’s north should make 2019 a pivotal year as investors move towards final investment decisions. These projects would represent Mozambique’s biggest foreign direct investments to date.
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Anadarko Petroleum Corporation (NYSE: APC) today announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a Sale and Purchase Agreement (SPA) with CNOOC Gas and Power Singapore Trading & Marketing Pte. Ltd. (CNOOC).
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@Verdade – In the face of increasingly close armed attacks on its facilities and the apparent incompetence of the State Defense and Security Forces to put and end to the insurgents that terrorized the north province of Cabo Delgado since October 2017, Anadarko is shielding itself against the called mozambicans “Al Shabaab” insurgents .
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The natural gas extraction and liquefaction project led by US group Anadarko Petroleum already directly and indirectly employs more than 4,700 Mozambican workers or 94% of the total workforce through service companies, the group’s Mozambican subsidiary said in a statement.
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The village of Maganja was attacked at 22h00 last night. It is just 7 km from the Anadarko camp developing the gas liquification plants, and is the closest attack so far. Two people were killed, including a well known local trader. Four houses, several kiosks and a minibus were burned.
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Gunshots rang out in the town of Palma, in the northern Mozambican province of Cabo Delgado on Monday morning, as the defence and security forces tried to disperse a demonstration calling for the suspension of the natural gas projects in the district.
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ozambique will have to wait until 2023 to achieve economic growth of 7.5%, a rate it was used to in the not too distant past, according to forecasts by the Economist Intelligence Unit (EIU).
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