Browsing: Mozambique LNG

Extractives
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Soldiers guarding Mozambique LNG complain of ‘animal’ treatment

LNG project company says it is working with government to ascertain why the subsidies it’s paying aren't reaching soldiers Soldiers guarding the LNG project site in insurgency-hit Cabo Delgado have complained they are not receiving 'hardship payments' paid by the oil companies [...]

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Oil & Gas
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Total closes $3.9 billion acquisition of Mozambique LNG

French oil major Total has closed the $3.9 billion acquisition of Anadarko’s 26.5% interest in the Mozambique LNG project in Cabo Delgado and is now officially the operator of the 13 million tonne per annum project. The transaction will bring in around $880 [...]

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Agriculture
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Yara threatens to pull Mozambique fertiliser project over domestic gas price

A fertiliser plant planned by Norway’s Yara using Rovuma Basin gas, “is no longer in a position to advance,” because the domestic gas price is too high, according to a senior official at Mozambique’s petroleum regulator, INP. Yara’s 1.2 million tonne per annum plant,

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Extractives
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Anadarko lines up export finance for Mozambique LNG

The Anadarko-led Area 1 consortium has assembled a large group of state-owned export credit agencies (ECAs) to support the financing of the $20 billion Mozambique LNG project which reached its final investment decision (FID) on 18 June, sources have told [...]

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