Mozambique Greenlights $7.2 Billion Coral Norte LNG Project, Backed by Eni, to Boost Gas Exports Mozambique will officially launch the $7.2 billion Coral Norte natural gas project next month in the Rovuma Basin’s Area 4, President Daniel Chapo announced on Monday during the Global Energy Alliance meeting in New York, held alongside the 80th United Nations General Assembly. Construction of Coral Norte is set to begin in October 2025, led by Italian energy major Eni.
Angola Oil Outlook Negative Until 2032 as Production Falls and New Reserves Needed Angola’s oil sector faces a “very negative” outlook until at least 2032, with stabilization in production only possible through the discovery of new reserves, according to the Economic Report for the First Quarter of 2025 by the Economic Research Center of Lusiada University of Angola (CINVESTEC). The study warns that oil production will continue to decline over the next seven years unless
Angola Boosts Clean Energy with Bailundo Solar Plant Inauguration and New Electrification Projects in Huambo Angola’s Minister of Energy and Water, João Baptista Borges, arrived in Huambo Province on Wednesday to inaugurate the Bailundo photovoltaic plant, oversee the electrification of Chicala Choloanga, and witness the signing of consignment documents for new rural electrification projects across several municipalities. According to a statement from the provincial government, Minister Borges was welcomed at Albano Machado Airport by Governor
Angola Secures $72 Billion in Oil Concession Investments to Boost Production and Drive Energy Transition by 2029 Angola expects to attract $72 billion in investments for oil concessions already awarded between 2025 and 2029, according to Minister of Mineral Resources, Oil and Gas Diamantino Azevedo. Speaking at the opening of the Angola Oil & Gas 2025 Conference in Luanda, Azevedo noted that Angola received $84 billion in investments between 2017 and 2024 across active concessions
Angola’s New Soyo Gas Treatment Center Set to Begin Operations with First LNG Shipment by November 2025 The Gas Treatment Center under construction in Soyo, Zaire province, is scheduled to receive its first shipment of natural gas from Angola LNG in November, according to the National Agency for Petroleum, Gas and Biofuels (ANPG). ANPG stated that construction has been advancing “at full steam” since it began in October 2023. A recent inspection led by block
Angola Oil Output Drops Below 1.04 Million Barrels Per Day in August While LNG Surges Angola’s oil production fell short of government targets again in August, averaging 1.03 million barrels per day, marking the sixth consecutive month of underperformance. According to the National Agency of Petroleum, Gas, and Biofuels (ANPG), total production reached 32.07 million barrels in August, equivalent to a daily average of 1,034,655 barrels, compared to the forecast of 1,086,727 barrels per day.
EBRD Backs 200 MW Ras Ghareb Wind Farm, Advancing Egypt’s 10 GW Renewable Energy Target by 2028 The European Bank for Reconstruction and Development (EBRD) has approved $74.1 million to develop a 200 MW wind farm in Ras Ghareb, reinforcing Egypt’s ambitions to expand its renewable energy capacity. The project will be led by Infinity Power and Masdar, supported by a senior EBRD loan of up to $60.7 million, a $3.38 million concessional loan from
Libya Targets 2 Million Barrels per Day as NOC Seeks $4 Billion Investment to Boost Oil and Gas Output Libya plans to nearly double its oil production to two million barrels per day by 2027, according to Farhat Bengdara, head of the National Oil Company (NOC). Speaking to Sky News Arabia, Bengdara said Libya currently produces about 1.2 million barrels per day and anticipates revenues of $35–$37 billion this year. He emphasized that the country
Nigeria Signs Agreement to Build 1,000MW Solar Panel Factory to Boost Local Production and Clean Energy The Nigerian government has signed an agreement to establish a 1,000-megawatt solar panel manufacturing plant, a move aimed at increasing domestic production, reducing reliance on imports, and supporting the country’s transition to cleaner energy. The signing ceremony took place at the Infrastructure Corporation of Nigeria (InfraCorp) office in Abuja. The project involves a partnership between the Rural Electrification Agency
Nigeria and Seven Countries Sign AFRIPERF Charter to Boost Investment and Align Petroleum Regulations Across Africa Nigeria has signed a charter establishing the African Petroleum Regulators Forum (AFRIPERF), a new continental body designed to harmonize petroleum regulations, attract investment, and strengthen governance across Africa’s oil and gas sector. The charter was endorsed by regulators from eight countries—Nigeria, Ghana, Somalia, Gambia, Madagascar, Sudan, Guinea, and Togo—while representatives from seven additional nations pledged to join after internal
