Area 1

Mozambique Oil & Gas: Area 1 partners secure sales of 9.5 million tonnes per year

Posted on February 27, 2019February 27, 2019 by Mozambique Resources Post

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.

Mozambique Oil & Gas: India group plans to start LNG imports from Rovuma Area 1 in 2024

Posted on February 13, 2019February 13, 2019 by Mozambique Resources Post

Bharat Petroleum Corporation Ltd (BPCL) plans to import natural gas extracted from the Rovuma basin in Mozambique within five years, a group official said.

Mozambique Oil & Gas: Is this the LNG year for Mozambique?

Posted on February 7, 2019February 7, 2019 by Mozambique Resources Post

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.

Mozambique Oil & Gas: Anadarko announces LNG sale and purchase agreement with Shell

Posted on February 5, 2019February 5, 2019 by Mozambique Resources Post

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.

Mozambique Oil & Gas: “Gas exploration to fuel 7.5% economy growth by 2023” – EIU

Posted on December 28, 2018December 28, 2018 by Mozambique Resources Post

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).

Mozambique Oil & Gas: Partners Seek Funding for Gas Exploration in the Area 1 block

Posted on December 18, 2018December 18, 2018 by Mozambique Resources Post

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.

Mozambique Oil & Gas: ENH secures State guarantees for Rovuma gas project

Posted on December 7, 2018December 7, 2018 by Mozambique Resources Post

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.`

Mozambique Oil & Gas: Natural gas exploration activities presses on resolutely

Posted on November 27, 2018 by Mozambique Resources Post

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.

Mozambique Oil & Gas: Anadarko to spend $200 million pre-FID on Mozambique LNG project

Posted on November 17, 2018 by Mozambique Resources Post

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.

Mozambique Oil & Gas: Finance minister defends loan guarantee for ENH

Posted on November 14, 2018 by Mozambique Resources Post

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…

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