Mozambique

Eni Loads First Coral-Sul LNG Cargo Offshore Mozambique

Eni Loads First Coral-Sul LNG Cargo Offshore Mozambique

The Coral-Sul Floating LNG (FLNG) terminal operated by Eni SpA offshore Mozambique has loaded its first cargo, marking a long-awaited debut as European buyers scramble for natural gas sources. The first liquefied natural gas volumes from the Coral-South project were loaded on a BP plc ship; the supermajor has long-term offtake agreements for all production…

November 14, 2022
Eni Nearing First LNG Exports from Coral-Sul Project in Mozambique

Eni Nearing First LNG Exports from Coral-Sul Project in Mozambique

Mozambique could soon export its first LNG from the Eni SpA-operated Coral-Sul Floating LNG (FLNG) facility offshore Mozambique’s northern coastline, as an LNG tanker is sailing to the facility to load the first cargo.  The British Mentor was floating in the Mozambique Channel on Thursday, just south of the Comoro Islands, according to ship-tracking data…

August 25, 2022
Eni’s Coral South LNG Project On Track for 2022 Start-Up

Eni’s Coral South LNG Project On Track for 2022 Start-Up

Africa’s first floating liquefied natural gas (FLNG) vessel, the Coral-Sul, has arrived in Mozambique and is on track to start up one of only a few liquefaction projects slated to start service worldwide in 2022.  A rise in violence last year from militants with ties to the Islamic State group and pandemic-related issues has brought…

February 2, 2022
Golden Pass LNG Said ‘on Schedule’ for 2024 Start-Up

Golden Pass LNG Said ‘on Schedule’ for 2024 Start-Up

Construction on the Golden Pass liquefied natural gas (LNG) export project in Texas is progressing, with the facility on track to come online in 2024, according to ExxonMobil. ExxonMobil Qatar President Dominic Genetti said recently there are currently about 4,000 people at the worksite for the three-train, 16 million metric tons/year (mmty) facility. “I think…

September 9, 2021
Rystad Sees Global LNG Market Flipping from Surplus to Deficit in 2029 on Mozambique LNG Delays

Rystad Sees Global LNG Market Flipping from Surplus to Deficit in 2029 on Mozambique LNG Delays

Anticipated delays in developing liquefied natural gas (LNG) export projects in Mozambique could cause the market to tighten even more than expected later this decade, with forecasts flipping from surplus to deficit in 2029, according to a new report from Rystad Energy. The Norwegian consultancy said it now expects a supply deficit of 5.6 million…

May 10, 2021
Total Suspends Activity at Mozambique LNG Site as Violence Worsens

Total Suspends Activity at Mozambique LNG Site as Violence Worsens

French supermajor Total SE has suspended work at its Mozambique liquefied natural gas (LNG) work site amid rising violence in the area. Total said the security threat from violent insurgents had led it to declare force majeure on the $20 billion project. It did not say when work might resume. “Considering the evolution of the…

April 26, 2021
Mozambique LNG Project to Finalize $15B Financing in Possible Sign of Strength

Mozambique LNG Project to Finalize $15B Financing in Possible Sign of Strength

Mozambique liquefied natural gas (LNG), the nation’s first onshore export project, is set to finalize $15 billion of financing commitments this month, according to South Africa’s Rand Merchant Bank (RMB), which is among those funding the facility.

June 4, 2020

Vitol Partnering with Mozambique’s ENH to Globally Trade LNG, LPG and Condensate

Swiss giant Vitol Inc. is launching an energy trading venture with ENH, the national oil company (NOC) of Mozambique, where a plethora of natural gas reserves has opened the region to mega export projects.

September 17, 2019

Anadarko, Partners Sanction Massive Mozambique LNG Project

Anadarko Petroleum Corp. and its partners late Tuesday pulled the switch to sanction their massive Mozambique natural gas export project.

June 19, 2019
ExxonMobil Hikes ’19 Capex 35% to $30B to Build Production, Profits

ExxonMobil Hikes ’19 Capex 35% to $30B to Build Production, Profits

ExxonMobil Corp. unveiled a bold strategic plan on Wednesday, announcing it would increase capital spend by 35% to $30 billion this year, with another hike to $35 billion eyed for 2020 as it advances a plethora of opportunities.

March 6, 2019
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