Area 1 – Page 3

Mozambique Oil & Gas: Anadarko’s Massive LNG Export Project In East Africa

Posted on April 6, 2018 by Mozambique Resources Post

Anadarko Petroleum Corporation (APC) hit it big back in 2010 when the upstream player struck gold in Mozambique. In the Romuva Basin off the coast of the East African nation, Anadarko discovered what is now estimated to be 75 trillion cubic feet of recoverable natural gas resources. These resources are situated in what is known as Offshore Block 1, or Area 1, which you can see down below. Let’s dig in.

Mozambique Oil & Gas: ExxonMobil to take FID on onshore LNG project before Area 1 partners yet this year – reports

Posted on March 21, 2018March 22, 2018 by Mozambique Resources Post

ExxonMobil could make an FID on its LNG project in northern Mozambique as soon as this year, according to a presentation given by the country’s finance minister, Adriano Maleiane, in London on Tuesday.

Mozambique Oil & Gas: Anadarko agrees Mozambique LNG export deal

Posted on March 20, 2018 by Mozambique Resources Post

According to the latest Reuters report, Anadarko Petroleum’s plans to export LNG from Mozambique have advanced a step closer to completion after the signing of a 15-year LNG sales and purchase agreement (SPA) with Electricite de France (EDF).

Mozambique Oil & Gas: Govt pledges to protect people’s interests in gas resettlement process

Posted on December 4, 2017 by Mozambique Resources Post

The Mozambican government said yesterday that the resettlement process in the district of Palma in Cabo Delgado province to make way for natural gas production will be the best in the country’s history.

Mozambique Oil & Gas: “Hydrocarbon projects tax exemptions target exploration and construction phases only” – Prime minister

Posted on December 4, 2017 by Mozambique Resources Post

The government reiterated yesterday that oil and gas projects only benefited from tax exemptions in the research and infrastructure construction phases. “During the production phase, the oil and gas industry projects pay all taxes set out in the tax regime of oil operations,” Prime Minister Carlos Agostinho do Rosário said.

Mozambique Oil & Gas: PTT agrees annual 2.6Mt purchase of LNG from Rovuma Area 1

Posted on September 26, 2017September 26, 2017 by Mozambique Resources Post

PTT Plc, the national oil and gas conglomerate, has sealed a deal to purchase 2.6 million tonnes of liquefied natural gas (LNG) a year from Mozambique’s Rovuma Area 1 offshore project, says Piyasvasti Amranand, chairman of the board of directors.

Global Oil & Gas: Thailand’s PTT forms global LNG trading unit

Posted on June 28, 2017 by Mozambique Resources Post

Thailand’s state-owned PTT which is also Anadarko’s partner in the Area 1 block in the Rovuma gas basin offshore Mozambique has launched a global liquefied natural gas (LNG) trading and marketing arm.

Mozambique Oil & Gas: Anadarko to invest US$770 million in exploration and LNG project in Mozambique

Posted on March 8, 2017 by Mozambique Resources Post

In the statement, the company has announced its expectations to invest approximately US$770 million in its deepwater and international exploration programme and LNG project in Mozambique.

Mozambique Oil & Gas: Country may become a global driving force in natural gas

Posted on December 5, 2016 by Mozambique Resources Post

Andrew Seck, vice president of the Liquefied Natural Gas Sector of North American multinational Anadarko, said in Maputo yesterday that Mozambique was capable of producing world-class natural gas and could position itself as an driving force in this sector.

Mozambique Oil & Gas: Natural gas extraction likely to begin in 2021

Posted on May 25, 2016 by Mozambique Resources Post

The beginning of the extraction of natural gas in the Area 1 block, northern Mozambique, where Indian companies have a combined stake of 30 percent, should only begin in 2021, which is later than initially planned, according to Indian newspaper the Economic Times.

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