India says it has invested more than $8b in Mozambique in recent years, a figure that represents about 25% of the Asian country’s investment in Africa.
Mozambique is to give the final go-ahead for gas projects that are being developed by Italy's Eni and US energy firm, Anadarko, by the end of 2016, the state-run National Hydrocarbon Company (ENH) announced.
South Africa's Sasol has obtained permission to drill for appraisal at an area adjacent to its Pande and Temane gas fields in Mozambique, the company stated without disclosing further details.
Mozambique's natural gas reserves discovered in 2010 could contribute to making the country one of Africa's largest economies by 2028, when its gas production is to reach its peak, according to the International Mone ...
Indonesian oil mining firm, Energi Mega Persada A, said it would sell its 75% stake in the gas block in Buzi, in Central Mozambique, worth $96.25m to an unknown strategic investor in Africa.
South Africa's Eskom informed that it had lost 220MW of power imports from Mozambique due to a technical fault on one of the eight converters at Apollo substation in Midrand.
Italy's ENI and US oil group Anadarko Petroleum have signed an agreement to start developing northern Mozambique's offshore gas fields in the Rovuma basin.
Africa's oil and natural gas industry is expected to see a rapid growth in 2016, surging its production capacity of 8m b/d of crude oil, as recorded last year.