Browsing: Oil & Gas
Government approves construction of 2000 MW gas-fired power station
The Mozambican government approved on Tuesday the construction of a $700 million gas-fired power plant in Beluluane, Maputo province, that will have the capacity to produce up to 2,000 megawatts of electricity.
The construction of the power station is [...]
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Yara threatens to pull Mozambique fertiliser project over domestic gas price
A fertiliser plant planned by Norway’s Yara using Rovuma Basin gas, “is no longer in a position to advance,” because the domestic gas price is too high, according to a senior official at Mozambique’s petroleum regulator, INP.
Yara’s 1.2 million tonne per annum plant,
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Rovuma LNG FID likely to be delayed until after elections, sources say
The Mozambican government is pushing for ExxonMobil to take a final investment decision (FID) on its Rovuma LNG project before elections on 15 October, but a combination of higher-than-expected engineering, procurement and construction (EPC) bids, and growing uncertainty around the security [...]
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Anadarko lines up export finance for Mozambique LNG
The Anadarko-led Area 1 consortium has assembled a large group of state-owned export credit agencies (ECAs) to support the financing of the $20 billion Mozambique LNG project which reached its final investment decision (FID) on 18 June, sources have told [...]
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Mozambique LNG: $20, 23 or 25 billion?
Differing estimates for the total cost of Anadarko’s Mozambique LNG project are causing a stir…
Anadarko signs off on record-breaking Mozambique LNG investment
Anadarko and its partners formally took the Final Investment Decision on their 13 million tonnes per annum LNG project at a ceremony in Maputo last night, attended by President Nyusi and heads of state from across the region.
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Exxon snaps up lead US investigator on Mozambique hidden debts case
ExxonMobil, the operator of the Rovuma LNG project, has hired the lead attorney in the US government’s investigation into Mozambique’s $2 billion “hidden debt” scandal to join its legal team.
Matthew [...]
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Anadarko contractor shot in 10 May Cabo Delgado attack
A contractor working on Anadarko’s project in Afungi, Cabo Delgado, was shot on Friday, 10 May, while travelling towards the LNG site to restart work after a two-month shutdown following
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Mozambique gives green light for Exxon Rovuma LNG development plan
The Mozambique government approved the plan of development for Area 4’s 15 million tonne per annum Rovuma LNG project on Tuesday.
Binding agreements to sell the full 15 mtpa [...]
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