https://mozambiqueminingpost.com/wp-content/uploads/2019/02/Pumathumbnail_image005.jpg/ Mozambique LNG1 Company Pte. Ltd., the Rovuma Basin Area 1 sales partner, has already signed long-term contracts for the sale of 9.5 million tonnes of liquefied natural gas (LNG) per year, Indian company ONGC Videsh said in a market statement.
Read More
Bharat Petroleum Corporation Ltd (BPCL) plans to import natural gas extracted from the Rovuma basin in Mozambique within five years, a group official said.
Read More
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.
Read More
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 Shell International Trading Middle East Ltd. (Shell). The SPA is for 2 million tonnes of LNG per annum (MTPA) for a term of 13 years.
Read More
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).
Read More
The process of securing funding from international banks for the project to explore natural gas deposits in the Rovuma Area 1 block in northern Mozambique has begun, the Mozambican minister of Mineral Resources and Energy announced in Maputo.
Read More
The Mozambican state has provided state guarantees to Empresa Nacional de Hidrocarbonetos (ENH) to allow the state-run oil company to secure a loan that in international markets to cover its participation in natural gas projects in the Rovuma basin, in the northern province of Cabo Delgado.`
Read More
The natural gas extraction and liquefaction industry in Mozambique appears to have been launched, after many years of delays and deliberations, according to the China-Lusophone Brief (CLBrief), a news service on China and the Portuguese-speaking countries.
Read More
US company Anadarko Petroleum said it has allocated about $200 million for the Mozambique LNG export project and plans to make a final investment decision in the first half of next year.
Read More
The Minister of Economy and Finance, Adriano Maleiane, on Monday tried to persuade the Plan and Budget Commission (CPO) of the Mozambican parliament, the Assembly of the Republic, that the country needs to return to the international capital markets to borrow a further two billion US dollars to cover the participation of the National Hydrocarbon Company (ENH), in the liquefied natural gas (LNG) projects in the Rovuma Basin, off the coast of the northern province…
Read More