More than enough natural gas has been discovered offshore the east African countries of Mozambique and Tanzania recently to make a business case for development. Italian energy major ENI estimates there could be upwards 85 trillion cubic feet of natural gas in place in Area 4 offshore Mozambique; an area which they, and other energy majors, have seen significant … [Read more...]
Mozambique Natural Gas Bonanza Hinges on State Finishing LNG Laws
Oct. 15 (Bloomberg) -- More than half a dozen yellow tower cranes planted in the hillside above Mozambique’s capital are visible from a single vantage point at Anadarko Petroleum Corp.’s office. There are more poised along the beachfront in the other direction. “That’s anticipation,” said John Peffer, country manager for The Woodlands, Texas-based oil and gas … [Read more...]
Japan Loans Mozambique $672 Million To Develop Access to Energy Resources
MAPUTO, Jan 12 (Reuters) - Japan will lend Mozambique 70 billion yen ($672 million) over five years, Prime Minister Shinzo Abe said on Sunday, as the Asian nation seeks to secure access to the East African country's rich coal and gas reserves. The former Portuguese colony has seen a spike in foreign investment since it hit on huge gas reserves and hopes to use its mineral … [Read more...]
Eni Sees Mozambique 2018 LNG Deadline as ‘Very Challenging’
Nov. 28 (Bloomberg) -- Eni SpA said it will be “very challenging” for Mozambique, its planned base for African output, to meet a 2018 deadline to build plants allowing the country to ship liquefied natural gas. “We’re working hard to reach” a final investment decision “as soon as we can,” Luca Bertelli, executive vice president of … [Read more...]
Jaya Vigilant Wins Long Term Charter Offshore Mozambique
Singapore-based Jaya Holdings' (JAYA:SP) announced today in an emailed statement that their DP2 Platform Supply Vessel (PSV) “Jaya Vigilant” has been awarded a $20 million charter contract from an undisclosed firm to operate offshore Mozambique. Jaya Holdings notes in their statement that their vessel is currently being upgraded at their shipyard in Batam, … [Read more...]