Browsing: Rovuma Basin

Extractives Operations on offshore Area 1, Mozambique. Photo: Anadarko
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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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Extractives The Afungi peninsula in north-eastern Mozambique where the onshore LNG trains will be built. Photo from impacto.co.mz/portfolio/projecto-gas-natural-liquefeito/
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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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Economy Prime Minister Carlos Agostinho do Rosario and Finance Minister Adriano Maleiane in parliament on 3 May 2017.
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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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Economy Chart by Sauti. Estimates by Zitamar
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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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Extractives Wentworth Resources' offices in Maputo. Photo © / Zitamar News
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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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Extractives A early visualisation of how Mozambique's onshore LNG project could be laid out. Image: Anadarko
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Mozambique’s minister of energy and mineral resources will visit Thailand tomorrow to push the Thai government to approval a deal to buy Mozambican LNG that was first announced almost 10 months ago. State-owned energy [...]

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