Oil Price Slump Affects Mozambique Biofuel Plan

• Sunday, 23rd April 2017
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The decline in oil prices will prevent Mozambique from producing biofuels due to the increased costs of bio-diesel production in comparison to the conventional gasoline and diesel.

FID on Mozambique’s LNG Project Expected by 2018

• Thursday, 6th April 2017
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Mitsui & Co awaits a final investment decision (FID) on the US Anadarko-led offshore liquefied natural gas (LNG) project in Mozambique, which is four months later than the desired date and might be finalized by April ...

Investment Decision on Mozambique’s Gas Expected by July

• Monday, 27th March 2017
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ENI, Mozambique's Area 4 operator, will make a final investment decision (FID) still by March and conclude the financial package by the end of the first half of 2017.

IMF Supports Mozambique’s Fuel Price Increase

• Sunday, 26th March 2017
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The International Monetary Fund (IMF) supports the Mozambican government decision to increase fuel prices as the IMF believes the step will help the African country in facing its struggles with foreign debt.

Mozambique to Receive $350m in Taxes from Eni

• Wednesday, 22nd March 2017
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Mozambique will gain $350m in capital taxes from Eni after the Italian oil and gas company agreed to sell a stake in a gas field to ExxonMobil Corporation.

Tokyo Gas Group to Buy Natural Gas from Mozambique

• Monday, 20th March 2017
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Tokyo Gas Group plans to buy natural gas from Mozambique in parallel with the group's plan to diversify providers.

Japan to Invest in Mozambique’s Energy Sector

• Thursday, 16th March 2017
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Japan's Sumitomo Corp. is currently planning to sign a contract with a state-run Mozambican power company to construct a gas-fired power plant 700km northeast of Maputo by mid-March.

ExxonMobil to Buy 25% of Eni’s LNG Offshore Mozambique

• Monday, 13th March 2017
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ExxonMobil Corp. announced it will buy 25% of a liquefied natural gas (LNG) project off Mozambique from Italy’s Eni for about $2.8b.

Rosneft to Develop 3 Offshore Areas in Mozambique

• Sunday, 5th March 2017
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Rosneft expects to make concession agreements for development of three offshore areas in Mozambique in mid-2017.

Eni to Sell Stake in Mozambique Gasfield within Weeks

• Thursday, 2nd March 2017
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Eni announced on Wednesday that it was “within weeks” of sealing a multi-billion-dollar deal to sell a stake in its Mozambique operations, with ExxonMobil favorite to buy the asset.