Mozambique is entitled to draw on $317.2 million in guarantees posted by major oil and gas companies, who have failed to meet deadlines to drill exploration wells on blocks they were awarded in the country’s fifth auction round

Mozambique's government is keen for work to restart on the huge LNG projects in Cabo Delgado, but the global gas companies say security has not yet been restored

Eni chief executive Claudio Descalzi said the company is considering “fast LNG” technology which takes less than a year to install and begin producing LNG

Mozambique needs a new solution for its domestic gas allocation, after Shell and Yara abandoned their plans for gas-to-liquids and fertilizer projects

The Mozambican government has promoted the director of projects and development at petroleum regulator INP to the post of chairman, taking the place of Carlos Zacarias who was appointed minister of mineral resources and energy in March

The production of liquefied natural gas in Area 4 offshore of the Rovuma Basin — to be operated by Italian oil company Eni — will start in October, the Mozambique government said yesterday

The commercialization of natural gas reserves in Mozambique and Tanzania will remain central to public safety, national security, and political power in both countries in coming years

A visiting ExxonMobil executive today told President Nyusi the company would try and reduce the carbon footprint of its LNG project in Mozambique, and cut costs

Oil companies that have previously expressed interest in the new round include TotalEnergies, ExxonMobil, Eni, Sasol, Shell, BP and China’s CNOOC

The global transition away from fossil fuels, coupled with ongoing insecurity in Cabo Delgado province, mean Mozambique’s enormous gas reserves risk becoming stranded assets