Mozambique

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
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

SPAs for Anadarko-Led Mozambique LNG Accelerating

Indonesia’s state-owned Pertamina on Tuesday became the latest buyer to step up to support the Anadarko Petroleum Corp.-led Mozambique natural gas export project, agreeing to take 1 million metric tons/year (mmty) for 20 years.

February 19, 2019
India’s Bharat Commits to LNG Exports from Anadarko Mozambique Project

India’s Bharat Commits to LNG Exports from Anadarko Mozambique Project

Mozambique LNG1 Co. Pte. Ltd. on Friday announced it has another natural gas supply agreement for the proposed export project led by Anadarko Petroleum Corp.

February 15, 2019
Anadarko-Led Mozambique Project Inches Forward as More LNG Purchasers Step Up

Anadarko-Led Mozambique Project Inches Forward as More LNG Purchasers Step Up

Three top global natural gas buyers, including Royal Dutch Shell plc, have signed on as foundation customers for the proposed Anadarko Petroleum Corp.-led Mozambique liquefied natural gas (LNG) export project, moving it closer to a final investment decision (FID) this year.

February 5, 2019
Anadarko Nabs SPA for Mozambique LNG with China’s Largest Natural Gas Importer

Anadarko Nabs SPA for Mozambique LNG with China’s Largest Natural Gas Importer

Anadarko Petroleum Corp. said Friday it has secured a sale and purchase agreement (SPA) to advance its natural gas export project underway in Mozambique.

February 1, 2019

Eni, ExxonMobil Awaiting Review of Mozambique LNG Export Project

A development plan covering the first phase of Mozambique Rovema Venture SpA’s liquefied natural gas (LNG) export project has been submitted for government approval, ExxonMobil Corp. said Monday.

July 10, 2018

Anadarko-Led Mozambique LNG Project Secures Two More Contracts

A proposed natural gas export project in Mozambique led by Anadarko Petroleum Corp. gained more legitimacy on Friday after securing two more agreements for long-term supply, indicating optimism may be returning to the export market, one analyst said.

June 15, 2018

Anadarko’s Mozambique LNG SPAs Progress, But No FID Yet

Anadarko Petroleum Corp. continues to progress its proposed natural gas export project in Mozambique and expects to wrap up sales and purchase agreements (SPA) this year, company executives said Wednesday.

May 3, 2018