Browsing: Rovuma Basin
Zitamar Daily Briefimg, 29 March
Welcome to Zitamar’s Daily Mozambique Briefing for 29 March 2019
Agenda:
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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Mozambique LNG land award should be ruled illegal, says law association
The land use certificate granted for the onshore LNG projects in the Rovuma Basin should be ruled illegal by Mozambique’s Administrative Court (Tribunal Administrativo), Mozambique’s Bar Association (Ordem dos Advogados de Moçambique, OAM) said on Thursday.
The land use certificate, known as [...]
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Mozambique finance ministry projections assume Exxon project will fail
Mozambique should only pay sovereign bondholders $369 million of a potential $500m gas-linked bonus, the country’s finance minister told parliament last week - but his calculations only make sense if ExxonMobil’s planned LNG project does not go [...]
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$2.4bn ‘price of credibility’ for Mozambique, but economists warn of more instability
Mozambique’s total repayment for the $850 million borrowed by tuna fishing company EMATUM could top $2.4 billion, under a new restructure proposal revealed by the government this week.
Annual payments would be between $36-40 million for the first five years - and would remain below $60m [...]
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Exxon and Eni join Anadarko’s LNG resettlement project
ExxonMobil and its partners in the Area 4 consortium have finally joined the project to resettle the community living on the Afungi peninsula where the two companies plan to develop huge LNG projects.
Anadarko [...]
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Sasol mulls gas pipeline from Mozambique’s Rovuma Basin
Sasol has become the latest company to consider building a gas pipeline from the Rovuma Basin in northern Mozambique to South Africa.
The South African petrochemicals company, which produces gas at the Pande and Temane [...]
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Zitamar Daily Briefing, 10 October 2018
Welcome to Zitamar’s daily Mozambique briefing for 10 October, 2018.
Agenda
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Wentworth says onshore Mozambique gas well likely to be ‘stranded’
UK-based oil and gas independent Wentworth Resources is stopping appraisal work at a well on its onshore block in Cabo Delgado province, in light of a lowered estimate of oil and gas reserves, and of the security situation in the area.
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