(Bloomberg) –Mozambique is poised to ship its first cargo of liquefied natural gas overseas, joining the ranks of the world’s exporters as a global energy crunch pushes prices of the fuel to record highs.
The LNG tanker British Mentor, operated by BP Plc, is set to arrive Aug. 24 at a new floating terminal that Eni SpA is completing off Mozambique’s northern coastline, ship-tracking data compiled by Bloomberg show.
Commissioning activities at the Coral-Sul FLNG vessel are progressing, and first exports will be communicated in due course, Eni said in an emailed statement. The Italian company has said it’s already planning a second floating export platform in the southern African country that could be brought on in less than four years.
Eni’s $7-billion Coral-Sul project had been targeting first exports by October and has moved forward despite the pandemic and an Islamic State-linked insurgency in Mozambique that derailed a $20 billion TotalEnergies SE export facility. BP in 2016 signed a deal to buy all of the output for 20 years from Coral-Sul, which is designed to produce 3.4 million metric tons of LNG.
Eni’s world’s first built ultra-deepwater floating liquefaction plant.
Mozambique, the world’s third-poorest country according to data from the World Bank, has in recent years had its economy battered by a sovereign debt scandal and the jihadist insurgency. A series of severe tropical cyclones have also wreaked havoc along its coastline.
MADRID, Jan 28 (Reuters) – Spanish police seized 4.5 tonnes of cocaine with an estimated street value of 105 million euros ($114 million) after raiding a cattle ship off the Canary Islands...
JOHANNESBURG, Jan 28 (Reuters) – A Russian research vessel which has been prospecting for oil and natural gas in the Antarctic docked in South Africa on Saturday following protests by green campaigners...
By Ewa Krukowska and Alberto Nardelli (Bloomberg) — The European Union is heading for intense talks in the coming days over how to further curb Russian revenues from exports of oil...
January 27, 2023
Total Views: 757
Sign Up Now for gCaptain Daily
Just enter your email and get hot news every morning
SIGN UP
Get the latest gCaptain articles and breaking news
Sign up for gCaptain Daily
Get the latest gCaptain articles and breaking news
We use cookies on our website to give you the most relevant experience. By clicking “Accept”, you consent to the use of ALL the cookies.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
{"Tags":["africa","energy crisis","floating lng","LNG","lng fuel","mozambique"],"Categories":["Shipping"],"Excerpt":"By Matthew Hill and Sergio Chapa (Bloomberg) –Mozambique is poised to ship its first cargo of liquefied natural gas overseas, joining the ranks of the world\u2019s exporters as a global energy..."}