Oil Price Slump Affects Mozambique Biofuel Plan

• Sunday, 23rd April 2017
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An official from the Mozambican Ministry of Mineral Resources and Energy stated that the decline in oil prices will prevent Mozambique from producing biofuels, Biofuels News reported. Accordingly, the Ministry’s...

FID on Mozambique’s LNG Project Expected by 2018

• Thursday, 6th April 2017
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Japan’s Mitsui & Co announced that a final investment decision (FID) regarding the US Anadarko-led offshore liquefied natural gas (LNG) project in Mozambique is delayed for four months, Reuters reported. Mit...

Investment Decision on Mozambique’s Gas Expected by July

• Monday, 27th March 2017
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Mozambique’s State Oil and Gas ENH’s Chairman, Omar Mitha announced that major investment decisions in regards to the natural gas extraction projects in the Rovuma basin in northern Mozambique will be made befor...

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, Zitamar r...

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, Reuters reported, citing the Senior Tax Official, Anibal Mbal...

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, Club of Mozambique reported. Tokyo Gas Group’s CEO, Kentaro Kimoto, stated: “Currently we have 1...

Japan to Invest in Mozambique’s Energy Sector

• Thursday, 16th March 2017
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Japan-based trading company 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, Kikkei Asian R...

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 as the US oil giant expands its worldwide LNG footprint, Bloomberg reported. Eni, whi...

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, TASS reported. RN-Exploration, subsidiary of Rosneft and ExxonMobil’s affiliate in Mozambique, were reco...

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, Financial Times reported. The Itali...