Mozambique Projects Record $5.9 Billion in FDI for 2026, Driven by LNG Expansion

Mozambique to Reach Record $5.9 Billion Foreign Investment in 2026 as LNG Projects Accelerate in Rovuma Basin Mozambique is projecting a record foreign direct investment (FDI) of US$5.88 billion in 2026, a 22.6% increase compared to the previous year, driven primarily by major developments in the natural gas sector. According to supporting documents for the 2026 Social and Economic Plan and State Budget proposal (PESOE)—set to be debated in parliament in the coming days—this growth

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TotalEnergies Confirms $20.5 Billion Budget as Mozambique LNG Project Nears Restart

TotalEnergies Set to Restart Mozambique LNG Project with $20.5 Billion Budget After Four-Year Freeze French energy giant TotalEnergies is preparing to restart its long-delayed Mozambique LNG project, with a confirmed budget of $20.5 billion, Chief Executive Officer Patrick Pouyanné told investors on Thursday. Pouyanné clarified that media reports had misinterpreted his recent letter to Mozambique’s president, which requested government approval for a $4.5 billion cost adjustment related to the project’s four-year suspension under force majeure.

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Mozambique and South Africa Strengthen Energy Ties Ahead of December Binational Summit

Mozambique and South Africa Deepen Energy Cooperation, Set to Sign MoU Before December Summit The Minister of Mineral Resources and Energy of Mozambique, Estêvão Pale, hosted the South African Minister of Electricity and Energy, Kgosientsho Ramokgopa, in Maputo yesterday as part of ongoing efforts to strengthen bilateral cooperation in the energy sector and prepare for the upcoming binational meeting between the two Heads of State, scheduled for December in Mozambique. Thursday’s meeting focused on consolidating

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Mozambique Seeks Stronger Ties with Brazil on Energy Transition, Technology, and Climate Action

Mozambique and Brazil to Deepen Cooperation on Energy Transition and Innovation Ahead of COP30 Mozambique’s Minister of Foreign Affairs and Cooperation, Maria Lucas, has highlighted Brazil’s strategic role as a potential “central partner” in technological innovation, industrial development, and the global energy transition. The remarks were made ahead of a meeting between Mozambican President Daniel Chapo and Brazilian President Luiz Inácio Lula da Silva, as part of President Chapo’s official visit to Brazil, where he

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Sasol Achieves First LPG Loading from Mozambique’s Inhassoro Integrated Processing Facility

Sasol Marks Historic Milestone with First Cooking Gas Production in Mozambique Sasol successfully carried out the experimental loading of the first batch of Liquefied Petroleum Gas (LPG), commonly known as cooking gas, produced in Mozambique, as part of its commissioning activities. This milestone highlights Sasol’s role as a pioneering operator in Mozambique’s oil and gas sector and reinforces its contribution to the country’s economic and industrial development. The LPG is produced at the new Integrated

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Zambia Commissions 15 New Solar Mini-Grids in Chadiza to Expand Rural Energy Access

Zambia Launches 15 Solar Mini-Grids in Chadiza District, Boosting Clean Energy Access in Rural Communities The Government of the Republic of Zambia has commissioned 15 new solar mini-grids in Chadiza District, Eastern Province, marking a significant milestone in expanding access to clean, reliable, and affordable energy for rural communities. The commissioning ceremony took place in Kumadzi Community, where Eastern Province Minister Peter Phiri delivered a keynote address on behalf of the Minister of Energy, Makozo

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AMG eMagazine Downloadable PDF Format

Hola, here is your free copy of the AMG eMagazine for you. Remember to share with your friends and colleagues. DOWNLOAD IT NOW! The Angolan Mining Oil and Gas magazine is shared with over 24,000 LinkedIn followers and over 18,000 Newsletter Subscribers. This create a strategic target audience for your product and services to the Angolan mining, oil and gas sectors. Contact our team today; sales@angolanminingoilandgas.com or whatsapp +244 932 383928

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Sonatrach Appoints Noureddine Daoudi as New CEO Following Leadership Shake-Up

Algeria’s Sonatrach Replaces CEO Rachid Hachichi with Noureddine Daoudi Amid Ongoing Energy Sector Restructuring Algerian state-owned energy giant Sonatrach has announced a major leadership change, with CEO Rachid Hachichi dismissed after two years in office, according to Algerian public television on Sunday evening. While the government did not immediately provide reasons for the decision, Hachichi, who assumed the role in October 2023, has been replaced by Noureddine Daoudi. The handover took place during an official

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J.P. Morgan Resumes Dollar Clearing in Angola After Nine-Year Hiatus

J.P. Morgan Becomes First U.S. Bank to Restore Dollar Clearing in Angola, Signaling Confidence in Financial Reforms J.P. Morgan has become the first U.S. bank in nearly a decade to resume dollar clearing services in Angola, marking a major step in the country’s ongoing efforts to reconnect with global financial markets after years of isolation caused by corruption and compliance concerns. The move ends a nine-year absence of major U.S. banks from Angola, following their

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Chevron Explores Energy Expansion in Libya as Prime Minister Dbeibah Welcomes U.S. Delegation

Chevron Eyes New Investments in Libya’s Oil and Renewable Energy Sectors During High-Level Talks in Tripoli Prime Minister Abdul Hamid Dbeibah of the Government of National Accord (GNA) met on Tuesday with a senior delegation from Chevron Corporation to discuss opportunities for expanding the company’s operations in Libya. The talks covered oil exploration, renewable energy projects, and the transfer of technical expertise. The meeting, held in Tripoli, was attended by Minister of Oil and Gas

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