Eni, the Italian energy giant, has officially approved a $7.2 billion investment to build a new floating liquefied natural gas (LNG) export plant—Coral Norte—in Mozambique. This landmark decision not only doubles Mozambique’s LNG export capacity […]
The U.S. is exploring a $5 billion mining investment fund, which would represent its largest direct involvement in securing critical minerals. This initiative aims to address concerns about mineral supply chains, given China’s dominance in […]
TotalEnergies declared force majeure on the Mozambique LNG project in April 2021 and withdrew all personnel from the site due to new attacks. Mozambique LNG includes the development of offshore gas fields in Mozambique’s Area 1 and […]
According to a statement by the National Petroleum Institute of Mozambique, the Council of Ministers of Mozambique approved the development plan for the Coral Norte FLNG project in a meeting on Tuesday. This marks a […]
The board of the Export-Import Bank re-approved a $4.7 billion loan in a meeting on Thursday. Last month, TotalEnergies CEO Patrick Pouyanne said that the company expected the US Export-Import Bank to approve financing for […]
Chapo, who started his mandate as the president of Mozambique on January 15, announced the meeting in a post on his official X channel. The meeting took place on Monday where “we discussed the company’s […]
According to authorities, a category 4 cyclone known as ‘Chido’ ripped through the African nation on Sunday, destroying over 35,000 homes At least 45 people have been killed in Mozambique and hundreds of others injured, […]
UAE’s Adnoc has agreed to buy Galp’s 10 percent interest in the Area 4 concession of the Rovuma basin in Mozambique, which includes Eni’s Coral South FLNG project. This is Adnoc’s second international LNG move […]
French lender Credit Agricole has declared it will no longer finance the Rovuma LNG project in Mozambique and the Papua LNG project in Papua New Guinea. The bank cited its commitments to reduce exposure to […]
Violence reported across the Southern African nation between police and opposition protesters following local elections Clashes between riot police and opposition protesters in Mozambique’s capital, Maputo, have reportedly left dozens injured. The main opposition party, […]
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