Browsing: Galp

Extractives
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Exxon-Eni Mozambique JV expects 2019 FID after ‘significant progress’ selling LNG

The Mozambique Area 4 consortium led by ExxonMobil and Eni expects to take a final investment decision in 2019 after making “significant progress” towards agreements to sell its liquefied natural gas (LNG). Exxon [...]

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Electricity
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Mozambique to roll out $500m renewable off-grid electrification programme

Mozambique’s energy ministry will today launch a $500 million portfolio of small and medium-sized renewable energy projects, aimed at helping the country meet its target of for the whole population to have access to energy by 2030.

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Oil & Gas
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Top oil traders eye Mozambique petrol company privatisation

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 [...]

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Extractives
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Eni reaches FID on Coral South FLNG project in Mozambique

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 [...]

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Extractives
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Galp gives go ahead for $10bn Mozambique floating LNG project

The board of Portuguese oil and gas company Galp has approved its the company’s planned investment in the Eni-led floating liquefied natural gas (FLNG) project for the Coral gas field in Mozambique’s Rovuma Basin - another step along the road to a final investment decision which now looks [...]

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