Mozambique Oil & Gas: Sovereign fund seen as solution for gas revenues management

Fund

Investiment Fund (illustration)

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

Mozambique Oil & Gas: Government approves Rovuma Basin LNG maritime terminal concession

 

Ophir Energy O19754104913_d8927e1d1e_oThe 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

Mozambique Oil & Gas: “Country must ensure that gas revenues reach the population” – World Bank rep

Gas floating platform sample

Gas floating platform sample

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

Mozambique Oil & Gas: AfDB supports Government in gas contracts negotiation

Oil off-shore_platform

Offshore Gas platform

African Development Bank (AfDB) technicians on Monday began a training course aimed at managers of public institutions in Mozambique focused on planning and negotiation of gas production and distribution contracts. Continue reading

Africa Oil & Gas: Is Mozambique Africa’s Qatar Of Natural Gas?

Oil and Gas

Illustrative image

Mozambique had decided that its massive natural gas reserves would be the country’s ticket off of the world’s poorest countries shortlist – but mismanagement of domestic strife and wonky fiscal planning have put Maputo behind in becoming Africa’s Qatar. Continue reading

Africa Oil & Gas: “Mozambique Energy’s Ministry seeks consultant for domestic gas projects” – Zitamar reports

Oil Gas Rovuma area 1The Ministry of Mineral Resources and Energy is looking for consultants to advise on the options and costs for developing a downstream gas industry in the country – including on how to price for gas for use in projects in the country. Read more…

Global Industry: Is Mozambique the next oil and gas hub?

Anadarko-Mozambique-Emerging-as-Leader-in-Global-LNG-Industry-VIDEO

Mozambique Rovuma basin, offshore

20 billion barrels of natural gas found off coast. Oil and gas prices have been on a steady decline over the years, creating major concerns for global leaders. But for Mozambique, there’s hope during these turbulent times as an estimated 20 billion barrels of natural gas has been found off its coast.

Continue reading

Africa Oil & Gas: Tlou Energy raises £4 million for Botswana CBM project

LESEDI AND MAMBA CBM PROJECT PERMITS AND SURROUNDING POWER INFRASTRUCTURE

Photo - see captionTlou Energy has raised a total of £4 million for its Botswana CBM project. Funds will be used to undertake additional field appraisal to expand Tlou’s independent gas reserves and to finalise licencing requirements prior to development of the Lesedi CBM Project. Continue reading

Gastech 2017: Global LNG market and the oversupply issue

Gastech 2017

Major Energy Company Representatives Discuss LNG Oversupply at Gastech Japan

Sellers say a supply crunch is looming. Buyers say suppliers are out of touch with the changing times.

Continue reading

Mozambique Oil & Gas: Rovuma exports inch closer than ever

rovuma-gas-basin

Rovuma gas basin

Rovuma basin Area 4 Eni’s project offshore Mozambique should soon get the official go-ahead. Tanzania’s progress is much slower, according to Petroleum Economist.

Continue reading