The Mozambican government approved on Tuesday the construction of a $700 million gas-fired power plant in Beluluane, Maputo province, that will have the capacity to produce up to 2,000 megawatts of electricity. The construction of the power station is [...]
The Mozambican government is pushing for ExxonMobil to take a final investment decision (FID) on its Rovuma LNG project before elections on 15 October, but a combination of higher-than-expected engineering, procurement and construction (EPC) bids, and growing uncertainty around the security [...]
ExxonMobil, the operator of the Rovuma LNG project, has hired the lead attorney in the US government’s investigation into Mozambique’s $2 billion “hidden debt” scandal to join its legal team. Matthew [...]
Mozambique’s petroleum regulator, INP, is still reviewing the LNG development plan for the Area 4 block in the Rovuma Basin, despite pressure from operator ExxonMobil to have the plan approved by the end of March to allow it to take a final investment [...]
The high risk of resource nationalism in Tanzania means that oil companies are increasingly viewing neighbouring Mozambique as a “more predictable and dependable partner” for the development of offshore gas assets, according to political risk consultancy Verisk Maplecroft. Tanzania’s descent [...]
Anadarko could take FID on its Mozambique LNG project at the end of March after signing a sale and purchase agreement (SPA) to sell one million tonnes per annum (mtpa) of LNG to Indonesia’s Pertamina - bringing its total contracted volumes to 9.5 [...]
Anadarko and its partners the Mozambique LNG project have signed a binding LNG sales agreement with Bharat Gas Resources, a subsidiary of India’s Bharat Petroleum Corporation (BPCL) – a 10% shareholder in Area 1 – for 1 million tonnes per annum (mtpa) for 15 years, the company announced on [...]
The Anadarko-led Area 1 consortium has signed a 1.5 million tonne per annum (mtpa) binding LNG sales and purchase agreement (SPA) with China’s CNOOC, for LNG produced at its planned 13 mtpa project in northern Mozambique.