The head of the Area 4 Rovuma LNG project in Mozambique, Mark Hackney, said this week that he expects to take a final investment decision on the multi-billion dollar project in August 2019. The Area 4 consortium, [...]
ExxonMobil and Eni, the joint operators of the Area 4 gas block in the Rovuma Basin in northern Mozambique, have submitted a plan of development for their 15.2 million tonne per annum (mtpa) Rovuma LNG plant. The [...]
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 [...]
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.
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.
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 [...]
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 [...]
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 [...]