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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Zimbabwe is on a three-day nationwide strike and protests are erupting in the streets after the government of the southern African country doubled fuel prices, making gasoline sold in Zimbabwe the most expensive gasoline in the world.
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Mozambique’s first liquefied natural gas export project is under construction, two much larger developments are targeting final investment decisions in 2019, and the impoverished African nation of 30 million people could go from zero to the sixth-largest LNG producer in the world by the mid-2020s.
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The market could be quite tight in the first half of 2019 but oversupplied again by 2020, according to a new industry note from Jefferies, which was sent to Rigzone on Thursday.
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US-based oil company Anadarko denied on Friday that it had broken the law in the process of obtaining title to the land where it will build the facilities for its natural gas project in northern Mozambique.
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At one point Wednesday, the January West Texas Intermediate (WTI) crude oil price was just seven cents above the $50 mark. After making a slight recovery, however, the WTI settled at $50.29 a barrel – a $1.27 day-on-day decline. The WTI peaked at $52.56 during the midweek session. Also losing ground Wednesday was the January Brent futures price, which fell by $1.45 to settle at $58.76 a barrel. “The weekly chart for WTI crude oil shows the…
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JOHANNESBURG – Mozambique’s province of Cabo Delgado offers South African businesses “huge” investment opportunties in the gas sector, the region’s permanent secretary Antonio Domingos Mapure has said.
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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.
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Saudi Arabia’s crude oil exports hit their highest in 20 months in September, while the Kingdom’s production in early November appears to have hit the highest on record, on the back of high customer requests made in early October when the market feared a hefty loss of Iranian supply this month.
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With the Paris Agreement and energy transition plans top-of-mind challenges for many energy policymakers, some have been debating the merit of continued investment in natural gas infrastructure. BY: TATIANA KHANBERG
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