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
Area 4 co-venture participants have secured liquefied natural gas (LNG) offtake commitments from affiliated buyer entities of the partners, a key milestone enabling the participants to rapidly move toward a final investment decision in 2019 on the first phase of the Rovuma LNG project.
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
Chinese company Sinopec could take a stake in Portuguese oil company Galp Energia and is one of two major international oil firms interested, according to the weekly Jornal Economico.
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 energy giant ExxonMobil has reportedly signed a framework agreement to supply liquefied natural gas (LNG) to China’s Zhejiang Provincial Energy Group.
Read More
Amarinth, a leading company specialising in the design, application and manufacture of centrifugal pumps and associated equipment to the Oil & Gas, petrochemical, chemical, industrial and power markets, has secured orders totalling USD 750K of API 610 OH2 pumps with Plan 53B support systems for the Coral South Development Project, Mozambique.
Read MoreExxonMobil is expanding LNG train size for its Mozambique LNG project in an effort to cut production costs according to reports. The company is expanding the Rovuma LNG project by half before taking the project specifics to lenders for funding.
Read MoreAccording to GlobalData statistics, capital expenditure of $186bn is expected to be spent across the lifetime of the top ten offshore gas projects around the world, with $83.4bn being spent by 2025. Overall, these ten projects are set to produce 299 trillion cubic feet of natural gas.
Read MoreLloyd’s Register has been contracted to provide design, procurement, certification, construction, integration and commissioning in addition to its classification services to Eni’s Coral South FLNG project in Mozambique.
Read More
You must be logged in to post a comment.