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South Africa Seeks Partnership with Mozambique for Natural Gas in Energy Transition

South Africa has reaffirmed its commitment to partnering with Mozambique to utilize natural gas as a transition fuel to replace coal and diesel. Recognizing the flexibility that natural gas provides in expanding renewable energy, South African Minister of Energy and Electricity, Kgosientso Ramokgopa, views a partnership with Mozambique—home to over 100 trillion cubic feet of gas reserves—as key to South Africa’s ambitious energy transition. Mozambique and South Africa are nearing the conclusion of negotiations for

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Local Gas Mining News Oil

Diamantino Urges Mineral Sector to Align with Global Energy Transition Goals

Angola’s Minister of Mineral Resources, Oil, and Gas, Diamantino Azevedo, has called on national companies in the mineral exploration sector to invest in the global energy transition, emphasizing the need to address the country’s current and future challenges. During his visit to Cuanza-Sul, the minister highlighted the importance of exploiting natural resources sustainably to benefit the population. Regarding the ongoing ban on quartz and gypsum exploration, Minister Azevedo clarified that the government has established a

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International Gas News

Sasol’s Two-Decade Impact on Mozambique’s Natural Gas Sector

Over the past 20 years, Sasol has exported 2.695 billion gigajoules of the 3.47 billion gigajoules of natural gas produced in Mozambique. This significant milestone has firmly established Mozambique as a key regional natural gas producer and laid the groundwork for the development of the national oil sector. President Filipe Nyusi highlighted this achievement during the 20th-anniversary celebration of the National Petroleum Institute (INP) in Maputo. He emphasized that Sasol’s gas exploitation from the Temane

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International Gas Mining Projects

Nigeria and Equatorial Guinea Forge New Gas Pipeline Agreement

On August 14, 2024, in Malabo, Nigeria’s President Bola Tinubu and Equatorial Guinea’s President Teodoro Mbasogo signed a significant agreement on the Gulf of Guinea Pipeline Project, enhancing their collaborative efforts for mutual development. This agreement is a key element of South-South cooperation, aimed at leveraging the rich gas reserves in the Gulf of Guinea, estimated at approximately 300 trillion cubic feet (tcf). Currently, six countries in the region—Nigeria, Côte d’Ivoire, Angola, Gabon, the Republic

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Local Corporate News Gas Iron Oil Partnerships

Sonangol Partners with Tosyali to Advance Kassinga Iron and Steel Project

Sonangol and the Tosyali Group reached an agreement on Monday to enhance the strategic Kassinga iron and steel project. The agreement, finalized during the Angolan Minister of Mineral Resources, Oil, and Gas’s visit to Turkey, includes integrating Angola’s national oil company, Sonangol, into the new corporate structure of Tosyali Iron & Steel Angola SA. Fuat Tosyali, President of the Turkish holding company, praised the move as a clear demonstration of Angola’s commitment to the project.

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Local Gas News Oil

Kwame Oil & Gas to Launch New Operational Bases in Luanda

Kwame Oil & Gas, a company in the oil sector, announced the upcoming launch of two operational bases in Luanda for metal structure repairs and oil tank cleaning, with a total investment of $150,000. According to Aurélio dos Santos, the company’s general director, the new facilities are located in the Mundo neighborhood of Benfica and are set to begin operations in September. The project, which was first announced in May, includes the construction of two

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International Gas News

Mozambique Exports 4.48 Million Tonnes of LNG

The Coral Sul floating platform, located off the coast of northern Mozambique’s Cabo Delgado province, has exported 4.48 million tonnes of Liquefied Natural Gas (LNG) between November 2022 and June 2024, through 63 shipments. Mozambican President Filipe Nyusi announced these figures during his annual state of the nation address to the Mozambican parliament, the Assembly of the Republic (AR), on Wednesday. Nyusi highlighted this achievement as the fulfillment of a long-held national aspiration and a

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International Gas Oil

TotalEnergies Withdraws from Offshore Gas Block in South Africa Amid Development Challenges

TotalEnergies, the French oil major, announced on Monday its decision to withdraw from an offshore natural gas block off South Africa’s southern coast, citing commercial challenges in developing the discoveries. Earlier this month, the company indicated plans to exit Block 11B/12B, marking a significant setback for South Africa’s ambitions to achieve energy independence through its largest offshore gas discoveries to date. TotalEnergies entered Block 11B/12B in 2013 and made two gas discoveries, Brulpadda and Luiperd.

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International Gas News

Mozambique’s Natural Gas Exports Surge 30% to $443 Million in Q1 2024

Mozambique’s natural gas exports reached $443 million (€408.8 million) in the first quarter of 2024, marking a nearly 30% increase compared to the same period in 2023. According to a report from the Bank of Mozambique obtained by Lusa, revenues from liquefied natural gas (LNG) exports in Q1 2024 stand in contrast to $340.9 million in Q1 2023. The report attributes the revenue increase to a higher volume of exports, coinciding with the commencement of

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Oil Economy Gas News

Angola’s Oil and Gas Sector Set to Attract Up to $60 Billion in Investments

Angola’s oil and gas industry could see investments of up to $60 billion over the next five years, according to Energy Capital & Power. This potential influx arises as international oil companies, independent exploration and production (E&P) companies, and smaller firms capitalize on new opportunities in onshore, offshore, and marginal fields. To support national goals of maintaining production above one million barrels per day (bpd), Angola’s upstream operators are expanding their portfolios through block acquisitions

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