Category: Gas

Mozambique’s presidential candidates are advocating for the renegotiation of contracts related to the nation’s major projects with developers, a move that could potentially delay the construction of liquefied natural gas (LNG) facilities by TotalEnergies SE and ExxonMobil Corp. Daniel Chapo, the candidate from the ruling Liberation Front of Mozambique (Frelimo), expressed last month that contract revisions should be conducted on a case-by-case basis. This sentiment has been echoed by candidates from three opposition parties, sparking

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Türkiye’s Energy and Natural Resources Minister, Alparslan Bayraktar, announced the country’s active exploration of offshore gas fields in Egypt, aiming to utilize Turkish Floating Storage and Regasification Unit (FSRU) vessels for hydrocarbon supply. In an interview with Anadolu in Ankara, Bayraktar highlighted Türkiye’s normalized relations with Egypt and recent energy agreements between the two nations. During Egyptian President Abdel Fattah al-Sisi’s visit to Ankara last week, both countries discussed potential cooperation in oil and natural

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The US Export-Import Bank (Ex-Im) is evaluating funding for Eni SpA’s liquefied natural gas (LNG) project off the coast of Mozambique. This follows its previous investment in an onshore LNG facility that faced delays due to security concerns and opposition from environmental groups. Eni’s Coral North floating LNG plant is listed as a pending project by Ex-Im. The bank stated in an emailed response that the financing amount would be disclosed upon final board approval,

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HBS International, a Tunisia-based oil and gas company, is investing $65 million this year to enhance natural gas reserves and production in Egypt’s Western Desert, particularly in the southwest El Alamein area. This investment aims to increase the company’s natural gas output in Egypt by approximately 167% by October, reaching 40 million cubic feet per day, up from the current 15 million cubic feet daily. In response to fuel demands for power plants, the Egyptian

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UTM Offshore Ltd. has received approval to build Nigeria’s first floating liquefied natural gas (LNG) facility, five years after its initial proposal. The Nigerian Midstream and Downstream Petroleum Regulatory Authority issued a license-to-construct for the LNG project, which has a capacity of 2.8 million metric tons per year. Farouk Ahmed, head of the regulatory agency, noted that the approval represents a significant milestone and supports the government’s gas expansion goals. Nigeria, Africa’s leading crude oil

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The onshore Buzi block in Sofala province, Mozambique, is projected to start natural gas production by 2026, with plans to power a thermoelectric plant in the region. Rudêncio Morais, research and production administrator at the National Hydrocarbons Company (ENH), revealed that assessment activities are underway to finalize the development plan, expected to be submitted to the government by the end of 2024. Morais shared this information during the II Indonesia-Africa Forum in Bali, highlighting the

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