Browsing: LNG
Government approves construction of 2000 MW gas-fired power station
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 [...]
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Rovuma LNG FID likely to be delayed until after elections, sources say
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 [...]
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Exxon snaps up lead US investigator on Mozambique hidden debts case
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 [...]
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Unresolved issues hold up Exxon Mozambique LNG plan approval
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 [...]
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Resource nationalism in Tanzania driving gas investors to Mozambique
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 [...]
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Anadarko hits LNG sales target with Indonesia deal
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 [...]
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Anadarko Announces 1 mtpa LNG sales agreement with Indian partner
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 [...]
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Anadarko announces LNG sale to China, financing inches forward
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.
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