Meanwhile, one of the funders of the project, the UK government, was earlier this year reported to be looking for a way to get out of its investment commitment, in line with its net-zero policies. Earlier this week, the Financial Times reported that the UK Export Finance agency had commissioned a human right review for the project on allegations of abuse, made by Mozambican soldiers that were deployed to protect the facility.
Eni has received approval from Mozambique’s government for the development of Coral Norte, the company’s second floating LNG platform in the gas-rich Rovuma Basin, paving the way for a final investment decision, Reuters reported on Wednesday.
TotalEnergies CEO Patrick Pouyanné expects US financing for the company’s USD 20-billion Mozambique LNG project to be approved in the coming weeks, Reuters reported on Wednesday.
The LNG project in the restive Cabo Delgado province has been on hold since 2021 when an Islamist insurgency threatened the site. Dozens of civilians were killed in the attacks in a nearby town, forcing Total to declare a force majeure and withdraw all staff from the construction site.
Clean energy and industrial gas company Chart Industries has signed a global master goods and services agreement with ExxonMobil, Chart Industries announced on Wednesday.
Being the first LNG project in the country, Coral Sul FLNG has helped Mozambique enter the global LNG market and monetise Africa’s largest gasfield.
Eni has awarded a services contract to French engineering company and containment systems specialist GTT for the Coral Sul FLNG vessel offshore Mozambique, GTT announced on Monday.
Portuguese energy firm Galp has signed an agreement with Abu Dhabi National Oil Company (ADNOC) for the sale of 10% stake in Area 4, offshore Mozambique.
Mozambique has finalized agreements with Chinese oil company the China National Offshore Oil Corporation (CNOOC) for the exploration and production of five offshore blocks. These blocks, located in both shallow and deep waters, were awarded as part of the country’s sixth licensing round initiated by the Mineral Resources and Energy ministry.
In an exclusive interview with The Energy Republic, Victor Tivane, the local content director of Empresa Nacional de Hidrocarbonetos (ENH) – Mozambique’s state-owned hydrocarbon company, disclosed that the country has entered a new era for oil and gas development, creating opportunities for investors and companies with tenders for project development, research and development (R&D).
As a result of this development, Victor Tivane is set to launch a book titled: “Local Content in the Oil and Gas Sector & Mozambique Sustainable Development”, which features insights into Mozambique’s Hydrocarbon & Energy Sector; Projects; Stakeholders and Demand for Goods and Services; Ownership and Access to Hydrocarbon Reserves and Natural Resources; Gas Master Plan and Domestic Gas Terms of Reference.