Mozambique’s national airline, LAM, is running an altered schedule after it couldn’t afford to buy fuel on Wednesday morning, leading it to cancel a number of flights. A recent history of non-payment has [...]
Mozambican state-owned airline LAM today signed a Memorandum of Understanding for “long-term commercial cooperation” with low-cost airline and recent entrant to the Mozambican market, Fastjet. The agreement, which Fastjet’s CEO Nico Bezuidenhout called “the first of its kind on the African [...]
Mozambique’s national airline, LAM, says its fuel crisis this week is due to its supplier, BP, running out of fuel - but not because it owes BP money. BP re-started supplying LAM in February, having cut off [...]
The board of Mozambique’s national airline, LAM, is meeting today to try to find a new company to sell it fuel after its existing supplier, which it refuses to name, cut supplies to the company last week. A lack [...]
Italian oil major Eni and its partners in the Area 4 consortium in northern Mozambique have closed the $4.675 billion debt package for the Coral South FLNG project – the first FLNG facility in the world to be project financed.
A Mozambican company is looking to raise financing for a feasibility study for a floating LNG-to-power station that will be moored 40 km north of Maputo. The company, which wants to remain anonymous, has already completely the pre-feasibility for the project, which initially involve mooring [...]
Two of the world’s biggest oil trading companies have confirmed they are interested in participating in a potential privatisation of Mozambique’s state-owned fuel distributor Petromoc, with one having already met with Mozambique’s energy minister for [...]
Eni is planning a signing ceremony, which will be attended by President Filipe Nyusi, for financial close of its 3.3 mtpa Coral South FLNG project, in Maputo this week. Several sources told