Portuguese oil and gas company GALP Energia sells 10 percent stake in Mozambique LNG to ADNOC of UAE
GALP Energia, the Portuguese oil and gas company, has agreed to cash in its 10 percent stake in the Area 4 concession in the Rovuma Basin of Mozambique operated by Italy’s Eni by selling it to Abu Dhabi National Oil Company (ADNOC), the main energy operator in the United Arab Emirates.
Mozambique confirms large terrorist incursion in Cabo Delgado to threaten or further delay onshore LNG project
Mozambican President Filipe Nyusi confirmed that Islamist terrorists had occupied the town of Macomia in a northern part of Cabo Delgado, Mozambique’s province where an onshore LNG plant is being constructed further south and may now face more delays.
Mozambique pledges to establish sovereign fund like Norway’s from LNG projects to lift nation from poverty
Mozambique, the newest liquefied natural gas exporter, has voted for the creation of a Sovereign Wealth Fund similar to that in oil and gas producing nation Norway to make sure the Mozambican people benefit from current and future LNG expansions led by major international energy companies.
TotalEnergies plans to re-start Mozambique LNG once humanitarian report implemented in 2023
TotalEnergies, the operator of the Mozambique onshore liquefied natural gas project, is moving towards re-starting the joint venture once the recommendations of a commissioned humanitarian report are carried out during 2023.
