Work has begun in Singapore on building the floating liquefaction (FLNG) platform for the Eni-operated Coral South gas field in Mozambique, minister of energy and mineral resources Max Tonela told the Mozambican parliament today - putting the project on [...]
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.
Updated at 19:50 local time: corrects project investment value, bank lending; adds projected government revenues and project lead time Eni signed off on its $8 billion Coral South floating LNG project today at a ceremony in Maputo, attended by chief executive Claudio Descalzi and [...]
Tanzania is trying to accelerate the development of its planned 10 million tonne per annum LNG plant in the hope of signing long-term sales agreements with Asian buyers before Mozambique, the energy minister said last week.
Mozambique’s state oil company, ENH, will launch a tender with the World Bank for legal and financial advisors to help refinance its equity stake in the Rovuma Basin LNG projects within weeks, ENH chairman, Omar Mithá said on Friday.
Mozambican President Filipe Nyusi will travel to Japan next Monday, 13 March, for a four-day visit, following an invite from Japanese Prime Minister Shinzo Abe last year. The [...]
Mozambique expects a final investment decision on Eni’s floating liquefied natural gas (FLNG) project “within the next two or three months,” Prime-Minister Carlos Agostinho do Rosário told journalists in Maputo on Wednesday.
Mozambique state-owned maritime security company ProIndicus, and ship-building company MAM, were conceived on the assumption their services would be forced upon international oil companies (IOCs) operating in Mozambican waters, a Parliamentary Commission [...]
Italian oil company Eni is “fine tuning” a deal to sell part of its stake in Mozambique’s offshore Area 4 to US major Exxon Mobil, the head of Mozambique’s national oil company, Omar Mithá, told Zitamar News [...]