Spain and Algeria in Talks to Increase Gas Supply by 10% Through Medgaz Pipeline Amid European Energy Concerns Spain and Algeria are in advanced negotiations to increase gas supplies through the Medgaz pipeline, potentially boosting flows by up to 10%, as Europe seeks more secure energy sources amid geopolitical tensions. Two sources familiar with the discussions told Reuters that a preliminary agreement could be reached during Spanish Foreign Minister José Manuel Albares’ visit to Algiers
Egypt Deploys Valaris DS-12 to Boost Offshore Gas Exploration and Production Egypt has entered a new phase of offshore gas exploration with the arrival of the drillship Valaris DS-12 in its territorial waters. The deployment marks the start of a drilling program targeting four new wells in Egypt’s offshore fields. The drillship will initially drill one production well and one exploratory well for BP. Subsequently, it will drill two additional exploratory wells for Arcius Energy,
Record Gold Prices Push South African Miners to Focus on Shallow Projects as Production Stagnates Record-high gold prices are prompting South Africa’s struggling mining sector to explore new methods of recovering the metal that avoid the high costs and operational risks associated with traditional deep-level mining, industry executives say. However, with limited investment in new mine development, the sector is unlikely to significantly increase output in the near term. This continues a long-term decline for
Mozambique Gold Production Falls 17% in 2025 as Government Halts Mining in Manica Over Environmental Damage Mozambique’s gold production declined by 17% to 1.349 tonnes in 2025, falling short of official targets after mining operations in Manica Province were suspended due to environmental concerns, according to government data. Figures contained in the government’s budget execution report for 2025 show that gold production reached only 82% of the planned target, interrupting a pattern of steady annual
President Daniel Chapo Says Mozambique Ready to Export Natural Gas to Kenya and Become Top Global LNG Producer The President of Mozambique, Daniel Chapo, said on Thursday that the country is emerging as a strategic alternative supplier of natural gas to global markets, particularly within Africa, and signaled openness to exporting gas to Kenya through Mozambique’s port infrastructure. “Gas can be exported from Mozambique to Kenya and benefit our brother country and the Kenyan people.
Mozambique Gas Exports Hit $1 Billion in H1 2025, Overtake Coal as Largest Export Mozambique’s natural gas exports generated an average of US$5.5 million per day during the first half of 2025, sustaining their growth trajectory and reinforcing their status as the country’s leading export, according to official data. Figures released this month by the Bank of Mozambique show that natural gas export revenues increased from US$900.7 million in the first half of 2024 to
Sonagas Replaces 500 Gas Cylinder Valves Weekly as Consumer Group Warns of Expired and Leaking Cylinders in Angola Sonagas, a subsidiary of Sonangol, stated on Wednesday that leaks in cooking gas cylinders are primarily caused by improper handling during transportation, rather than manufacturing defects or filling processes. The company disclosed that it replaces more than 500 gas cylinder check valves each week as part of routine safety and quality control measures. According to Pedro de
Libya’s NOC Activates First Phase of Farigh–Brega Gas Pipeline to Boost Power Supply and Support 2030 Production Targets Libya’s National Oil Corporation (NOC) has launched the first phase of the Farigh–Brega gas pipeline, marking a significant milestone in efforts to strengthen domestic gas supply and enhance energy security. The initial segment of the pipeline is now operational, with gas pumping and pressure balancing underway as system integration continues across the network. The development reflects Libya’s
Botswana’s Credit Rating Cut to BBB- as Falling Diamond Demand Pressures Economy and Foreign Reserves Recognized as Africa’s largest diamond producer, Botswana is facing mounting economic challenges as the prolonged downturn in the global diamond market continues to weigh on its financial stability. Reflecting these pressures, S&P Global Ratings has downgraded Botswana’s long-term sovereign credit rating from BBB to BBB-. The ratings agency indicated that the country’s mineral-dependent economy is likely to remain under strain
Algeria Moves Forward on $13 Billion Trans-Sahara Gas Pipeline Linking Nigeria to Europe via Niger Algeria has dispatched a technical delegation from its state-owned energy company, Sonatrach, to Niger to advance preparations for the long-delayed Trans-Sahara Gas Pipeline, a major regional energy project intended to transport natural gas from West Africa to European markets. Africa’s third-largest oil producer is accelerating efforts to implement the project, which is designed to strengthen export capacity and diversify energy
