Browsing: Total

Electricity
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Total plans start importing LNG into Mozambique by end of 2022 

French oil major Total and South Africa’s Gigajoule plan to take a final investment decision (FID) on an LNG-to-power project in Matola, southern Mozambique by mid-2020, with the aim of bringing the project online by the end of [...]

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Oil & Gas
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Minister’s assurance of ENH LNG financing, more optimism than guarantee

The Government of Mozambique announced on Friday that it had secured foreign funding for several "strategic projects" at the 2019 African Investment Forum (AIF), including $1.2 billion for state oil company  ENH to fund its stake in the Area 1 LNG project in the Rovuma Basin. "The [...]

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Daily Briefing
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Zitamar Daily Briefing, 5 November

Welcome to Zitamar’s daily Mozambique briefing for 5 November, 2019


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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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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