Sasol Petroleum is moving ahead to implement a project which will sink additional wells in the Pande natural gas field in Inhambane province, maintaining the supply of the resource to its Central Processing Unit. Continue reading
Consulting firm Capital Economics says Mozambique should create a sovereign fund to manage the gas revenues and fund infrastructure to diversify the economy, analyst John Asbourne said to Lusa news agency. Continue reading
The Council of Ministers yesterday approved decrees authorizing the terms and conditions of the agreement that grants to the multinationals Anadarko and Eni the Maritime Liquefied Natural Gas Terminal and the installation of Material Discharge in Areas 1 and 4 of the Rovuma Basin, district of Palma, province of Cabo Delgado. Continue reading
Australian independent FAR Limited has filed for arbitration in its dispute over ConocoPhillips’ sale to Woodside. The company said June 20 it has made a request to the International Chamber of Commerce in Paris to commence arbitration proceedings to resolve the current Joint Operating Agreement dispute regarding FAR’s right to pre-empt the sale of ConocoPhillips’ interest in the Rufisque, Sangomar and Sangomar Deep joint venture offshore Senegal.
Tlou Energy, the AIM and Australia-listed independent active in Botswana coalbed methane (CBM) development, said June 20 that it generated its first power from CBM at its field in Botswana following the installation of a gas generator at the Selemo project area.
The Minister of Mineral Resources and Energy, Leticia Klemens, and the Vice-President of Shell, Clare Harris, signed a memorandum of understanding on Monday in Maputo allocating gas from the Rovuma Basin for domestic use in Mozambique. Continue reading
Clara de Sousa, director of the World Bank for Angola and Sao Tome and Principe, warned that Mozambique must ensure that revenues from new natural gas projects meet the aspirations of the population, otherwise there will be adverse results. Continue reading
South Sudan’s Ministry of Petroleum invites companies to bid on a public tender to perform the audit and produce a 2017 audit report on the industry. Continue reading
International trade in natural gas dates back to the middle of the 20th century, and the globalization of the gas market began in the 1960s. Large-scale investments were initiated then, involving two parallel distribution channels: export and import gas pipelines, and LNG terminals. The discovery of new sources of natural gas, often in regions far away from the main routes of natural gas supply via pipelines, plus the development of sea transport of LNG, led to dynamic development of the market.
USA, 16th June – Mozambican President Filipe Nyusi has said he hopes that by the end of the year, decisions will be made for the US oil company Anadarko to launch the natural gas exploration project in the Rovuma Basin in the north of the country. Continue reading